Xero users in the US market can now take credit-card payments with their smartphones due to an integration with mobile payments company Square.
Businesses could automatically sync the day’s transactions using Square with cloud accounting program, Xero. Retailers could see a summary of payments, refunds, fees and sales taxes in the corresponding accounts via Square Register on an iPad, iPhone or Android.
The integration was announced the same week as a limited release of MYOB’s mobile payments product PayDirect. Each bank deposit from Square was matched to outstanding receivables in Xero so merchants saw auto-generated bank rules and daily summaries.
“I used to spend my Sunday afternoons manually dragging, dropping and categorising my weekly Square transactions into Xero,” said Andy Ciordia of the Secret Chocolatier in a Xero blog post. “This integration gives me my weekends back, I have more time for my family and my business.”
Square used a small plastic dongle that plugged into a smartphone to read credit and debit cards. The company had released other products to replace conventional cash registers at the checkout.
Square Register was a point-of-sale system that ran across the iPad and iPhone and Android smartphones. All payments, staff access, hardware functionality including the printing of kitchen orders, receipts, barcode scanner and others were available for the iPad. The iPhone and Android smartphones had certain feature restrictions.
Square sold the Square Stand which plugged an iPad into a receipt printer, cash drawer and bar-code scanner through a USB hardware hub.
Square Wallet was an iOS app that allowed users to upload credit card details and a photo to pay at Square Wallet accepted stores. Square Cash was downloadable for both iOS and Android where users sent and requested deposits with an email and debit card details. It was unknown when this feature would be available for the Australian and New Zealand market.