MYOB turns to Stripe to bill its customers, claiming cashflow benefits for SME users

tradespeople EOFY myob stripe

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Australian businesses using MYOB will soon make payments through the Stripe system, a move the accounting software platform says will help its users focus on what actually matters: serving their customers and easing cash-flow constraints.

On Monday, MYOB announced its internal payments infrastructure will move to Stripe Billing, streamlining and automating the way users handle their recurrent and usage-based payments to MYOB.

It may appear as a subtle evolution for the businesses using MYOB, but the platform itself claims the new Stripe functionality and ease of payment will ultimately support small business cashflow.

“One of the biggest headaches for businesses is cash flow,” said Caroline Rawlinson, chief operating officer at MYOB.

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