With so many people having had difficult experiences with PayPal or being concerned about its market dominance, Stripe arrived on the scene at just the right time. Casting about for an affordable, accessible payment processor, many small businesses a few years back were starting to feel forced into the arms of PayPal. They greeted Stripe with great eagerness, then, given its low cost and accounting packages simplicity.
Even just a few years later, Stripe is a mainstay of many small businesses around the world. Easy to set up and just as easy to make use of, it is also easy on the budgets of the companies that rely on it so much. While it can be possible, with enough work, to negotiate better terms with other payment processors, Stripe makes enough financial sense in the default scenario that relatively few bother to do so.
That is not to say that working with Stripe is always a delight, though. One of the implications of its vaunted simplicity is that more sophisticated uses can be a little tougher to arrange for. Accepting Xero invoice payments through Stripe, for example, has proven to be problematic for quite a few users, even if that would seem like a common thing to want to do.
Xero, after all, is just about as widespread as Stripe is, and the cloud-based accounting system also has a reputation for being easy to use. It turns out, though, that xero stripe integration has not matured to the point that it accounts for all of the common use cases, an issue that more companies are running into today.
Bridigng Stripe to Xero normally means creating a new account in Xero to host the data. Once that is ready to go, a file in comma-separated value format can be exported from Stripe and pulled in to Xero. Unfortunately, however, this alone will not necessarily tie the entries contained within to the invoices that Xero generates.
This is obviously a major drawback. Although it would seem to some like a stumbling block of a terminal sort, though, the truth is that there are some good ways of overcoming this weakness. One option is to collate the invoices and individual Stripe payments manually, and some companies have resorted to this in the past.
A much more efficient tactic, though, is to make use of specialized third-party tools that take care of all of this automatically. At least as easy to use as Stripe or Xero are, they can greatly enhance the value of both packages by making them inter-operate more smoothly.