FreeAgent announces new payment integration with Stripe

From: FreeAgent
Published: Thu Sep 05 2013

FreeAgent, a UK-based online accounting software solution, 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, helping businesses manage their cash flow more effectively.

The partnership with Stripe will enable freelancers and microbusinesses in the United States to set up online payments for their invoices, enabling their clients to pay them more easily and quickly without having to set up a specific merchant account to handle the transaction.

FreeAgent’s existing users will be able to benefit from this new tool. They will be able to collect online invoice payments from their customers, who can pay directly from their bank accounts without incurring expensive service charges for making payments. Stripe will charge a processing fee of $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.

Ed Molyneux, CEO and co-founder of FreeAgent, commented on the new partnership and tool:

"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 "

He added:

"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."

John Collison, co-founder and president of Stripe, shares his views: "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."


About FreeAgent:
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.

About Stripe:
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.

PR Contact:
Adiran Mather
PR Manager
40 Torphichen Street
Edinburgh, EH3 8JB
United Kingdom
Company: FreeAgent
Contact Name: Adiran Mather
Contact Email:
Contact Phone: 0800 288 8691

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