TransferWise is a leading and trusted payments provider who have been helping businesses with their payments for many years. Their guiding principles are that payments should be low-cost, transparent, easy and fast – making them the perfect partner Xero’s bill payment solution in the UK. Learn more about TransferWise and their story here.
With Pay with TransferWise, TransferWise are responsible for processing the bill payments.
You start the process in Xero by submitting the payment details, which are then sent to TransferWise. Once you have funded the payments from your bank account, TransferWise then process the payments to your suppliers’ bank accounts.
To use Pay with TransferWise, you will need to set up a TransferWise account (or use an existing business profile account).
Please note TransferWise only supports businesses that meet its acceptable use policy, and accepts sign-ups at its own discretion. Xero can't guarantee that all businesses signing up for a TransferWise account will be accepted. Read more about whether your business is eligible to use TransferWise here.