Settings and activity
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Hi everyone, we’d like to round back to share an update that the ability to accept deposits has now rolled out to all AU, NZ, UK, CA, SG and US organisations, and we expect to make this available to remaining regions soon.
Staying close to feedback from its release, our team have recently added a due date field in which you can select a specific date that payment of the deposit is expected if this differs from the Invoice due date.
I look forward to looping back to finalise once we’re at 100% roll out of deposits, and give you a hint of where we’ll be expanding functionality next!
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Alex Lark
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Ok great thank you Kelly. We have been eagerly awaiting this feature since we participated in the discussion with your product team a while back now :)
Is there a version of this that will exist outside of the need to be connected to Stripe? We are connected to Stripe and have a very select group of clients that use that payment method, however, the vast majority of our clients pay through direct deposit using bank details. This is essential to us to be able to provide a payment method to clients that is 100% true to the stated price and doesn't incur additional fees (wether that's through Xero, Stripe or bank fees) whose 1.65% to 2.8% + fees can add up to substantial amounts.
I sense that this will be important to other small business users of Xero too that prioritise trying to create the best value for their clients and protect the costs they pay rather than incurring additional fees across all deposits and payments. Thank you