Online accounting leader FreeAgent teams up with Stripe to offer new service to make payments easier for US small businesses and freelancers
Online PR News – 02-August-2013 – Chicago, Illinois – Online accounting provider FreeAgent has teamed up with innovative American payment company Stripe to give customers in the United States an easier way to get paid by their clients.
FreeAgent has announced a new integration with Stripe that enables freelancers and microbusinesses in the United States to set up online payments on their invoices - enabling their clients to pay them more easily and quickly, without the need to set up a specific merchant account to handle the transaction.
The partnership enables FreeAgent users to collect online invoice payments from their customers, who pay directly from their bank accounts and don’t incur expensive service charges for making payments; with Stripe charging $0.30 and 2.9% of the invoice total.
The Stripe integration will form a key component of FreeAgent’s growing payment portal, which provides payment options to its US and UK customers in partnership with other innovative online payment providers such as PayPal, Dwolla and GoCardless.
Ed Molyneux, CEO and co-founder of FreeAgent, said: “We’re thrilled to be working with Stripe. They’re a really innovative company and pioneers in the online payment space - so they’re the perfect partner for us as we continue to develop our FreeAgent America product to make it the most intuitive cloud accounting system for freelancers and small businesses.
“We know that one of the toughest things for small businesses and freelancers is chasing payment from their customers. And when you’re waiting for checks to come in the mail or facing the hassle of credit card fees, this can be a big distraction from actually running and growing your business.
“By integrating with Stripe, we’re providing our customers with an efficient and cost-effective method of invoicing their clients and accepting payments - which allows them more time to manage the rest of their business affairs.”
John Collison, Co-Founder and President of Stripe, added: "FreeAgent is making it dead-simple to manage your books online. Integrating with Stripe, the easiest way to accept payments, takes all the hassle out of invoicing. It's a great combination."
FreeAgent provides the UK’s leading – and multi-award-winning – online accounting system designed to meet the needs of small businesses and freelancers. Since launching its system in 2007, FreeAgent has rapidly grown a loyal community of more than 30,000 customers worldwide.
FreeAgent established its U.S. division - FreeAgent Inc - in 2012 after acquiring financial forecasting software firm 60mo and winning investment from influential Illinois-based venture capital fund Lightbank. Its U.S. team is currently developing further upgrades to its FreeAgent America accounts, in addition to exploring partnerships with American banks and the accounting profession.
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For more information, contact:
Adrian Mather, PR & Social Media Manager
or Ed Molyneux, CEO
Tel: +44 (0)131 543 3166
Stripe is the best way to accept credit card payments on websites and in mobile apps. Stripe's APIs are flexible enough to support almost any payment experience; behind the scenes, Stripe takes care of the heavy lifting, from security to daily deposits to your bank account.
Stripe powers payments for thousands of businesses of every size—from start-ups to Fortune 50 companies. Stripe's investors include PayPal co-founders Peter Thiel, Max Levchin, and Elon Musk, Sequoia Capital and Andreessen Horowitz.