Accounting software company Reckon had added a new feature to its cloud accounting platform that allows customers to issue online invoices to their own clients that can be paid through PayPal. The new feature is targeted squarely at small and medium business (SMB) customers. Here's what you need to know.
Through Reckon One, the company's cloud accounting service, SMB users will now be able to generate invoices that can be sent to customers with an option to pay it through the digital payments platform PayPal. Customers can then pay through their own PayPal accounts or by other debit and credit card options.
PayPal will automatically provide an account to new Reckon One SMB clients if they don't already have one so that they can readily accept payments through the digital payments provider.
PayPal already has 6.3 million customers in Australia and Reckon hopes the new partnership will assist SMB owners increase cash flow and remove dependency on matching cheque and EFTPOS payments to customer invoices.
You can get more details on Reckon One over at the official website.