What Does Bankfeeds Do?

Say you take 3 payments via credit card on your website, each for a different amount. Stripe will pay you a total amount a few days later with fees taken out. The only way to reconcile the 3 payments against the net deposit was to manually look at reports and guess which payments are included in the deposit. 

With Bankfeeds, your Stripe data will appear in Xero as a normal bank account, with a line item for each payment, fee, and any refunds you may have.