BFI Pay offers a highly secure and cost-effective debit order collection system where users can sign on and upload debtor account files through unique access-controlled authorisation levels.
Highly secure and cost-effective electronic fund transfer (EFT) payment system perfect for larger volume B2B transactions.
Auto-reconciliation with Xero
BFI Pay will automatically reconcile all the individual transactions (Payments & Collections) in Xero.
Save time and money
You can add and process debit orders against all South African bank accounts – debits can be made against current, cheque, savings and transmission accounts – and our automatic CDV (check-digit verification) system pre-validates bank accounts to determine if account numbers are consistent with bank and branch validations.
This ensures the accurate capturing of data, prior to submitting transactions to the bank, reducing returned or rejected transactions, and the associated costs. Once processed, batch reports are provided to manage and measure successful and returned debit orders.
Simple and secure
Save time and money
Our Simple and Secure Batch payments function focusses on doing bulk payments directly from Xero or manually importing them to save our clients both time & cost.
Aside from our lowered transaction costs, our automatic CDV (check-digit validation) system pre-validates bank accounts to confirm that account numbers are consistent with bank and branch rules, thereby reducing the number of returned or rejected transactions.
Never miss a payment not captured in your accounting system again
Xero Accounting is the financial management tool of choice for many small businesses worldwide. BFI Pay integrates seamlessly with Xero to streamline collections and payments directly from the businesses accounting software.
Not only does this reduce risk of any missed collections & payments, but also provides a massive time-saving component with our auto-reconciliation feature.