# Efficient Business Payments Xero Debuted Two New Integrations for Business Payments By Grace Mahas | Published 2022-10-14 | Business Source: Trend Hunter, https://www.trendhunter.com/trends/xero-1 References: [xero](https://www.xero.com/ca/login/)  Increasing credit card transaction fees are a growing concern for Canadian retailers and small businesses. As a result of inflation, many businesses are raising prices. Still, small businesses are reluctant to pass on additional fees to their customers, according to a recent CFIB report - this means [business-to-business invoices](https://www.trendhunter.com/trends/b2b-payments) for suppliers and vendors will most likely pass on this cost. Feedback from [Xero](https://www.trendhunter.com/trends/xerocon) small business customers found that small business customers indicated that they were most concerned with finding less expensive and more efficient ways to be paid - without increasing costs for themselves. In response, Xero recently announced two new integrations, allowing businesses to send invoices via Interac e-transfer, thereby reducing costs and improving efficiency. DirectPay and Clik2Pay, allow customers to use Interac e-transfer as the default payment method. Image Credit: Shutterstock ## Trend Insights (Trend Hunter) - Score: 5.8/10 - Popularity: 71% | Activity: 91% | Freshness: 13% - Audience gender: 50% men, 50% women - Primary generations: Millennial, Gen X - Top markets: North America ## Categories [Trend Hunter](https://www.trendhunter.com/trends) > [Business](https://www.trendhunter.com/business) ## Key Themes ### Why This Trend Is Growing - **Cost-efficient Transactions:** Implementing cost-efficient payment methods that minimize transaction fees and improve efficiency presents an opportunity for businesses to reduce expenses and improve customer satisfaction. - **Digital Payment Solutions:** The adoption of digital payment solutions such as Interac e-transfer can help businesses avoid the increasing transaction fees and meet the needs of customers who prioritize efficient methods. - **Customer-centric Invoicing:** Developing invoicing solutions that prioritize customer convenience and cost-effectiveness is an opportunity for businesses to win over more customers and differentiate themselves from competitors. ### Industries Being Reshaped - **Finance:** The finance industry could leverage digital payment solutions and develop new cost-efficient payment methods that reduce transaction fees and offer more convenience to customers. - **Retail:** Retailers could benefit from implementing more customer-centric invoicing solutions that provide both convenience and cost-effectiveness for their business partners. - **Technology:** Integration of digital payment solutions with existing technologies is an opportunity for the technology industry to create more efficient and convenient ways of conducting transactions for businesses and customers. ## Related on Trend Hunter - [Enhanced Digital Payment Platforms](https://www.trendhunter.com/trends/smooth-commerce.md) - [Innovative Accountant Conferences](https://www.trendhunter.com/trends/xerocon.md) - [E-Commerce Billing Features](https://www.trendhunter.com/trends/shopify.md) - [Fee-Saving Payment Apps](https://www.trendhunter.com/trends/robinpay-app.md) - [Embedded Lending Platforms](https://www.trendhunter.com/trends/adyen-launched.md) - [Simple B2B Payment Apps](https://www.trendhunter.com/trends/b2b-payment-app.md) - [Simplified Business Transaction Platforms](https://www.trendhunter.com/trends/aurora-payments.md) - [Payment Integration Tools](https://www.trendhunter.com/trends/databrew.md) - [Comprehensive Checkout Tools](https://www.trendhunter.com/trends/trevipay.md)