PayID for business
Enable fast, secure, and low-cost payments for you and your customers with PayID.
Accept real-time customer bank payments 24/7 365. Speed up cashflow and reconciliation and save on transaction fees with Australia’s first NPP-powered payment solution for business. PayID simplifies the payments receivables process by removing the need for your customers to remember and manually enter card or account numbers.
Real-time outbound payments to customers, suppliers or employees.
Ensure outbound payments land in minutes, instead of days. Take control of your cash management, with real-time payment capabilities leveraging our always on APIs that allow you to process payroll 24/7 365. PayOut also lets you handle time-critical payments, all while eliminating accounts payable errors through automated payment validation.
Solving the biggest challenges in payments for billers, banks, business and government
Transition your payments experience to real-time payments powered by the New Payments Platform.
Payments can be error prone and inefficient. Reconciliation processes are costly and time consuming.
The value of card-not-present crime rose 7.8% to $478 million in 2019 and accounts for 85% of all credit card fraud. Globally, merchants lose around 7.5% of revenue to chargebacks.
Settlement times are too long. Your business can’t receive payment on weekends or public holidays.
Credit card fees take a percentage of your revenue and interchange fees still remain, increasing the overall cost to your business. In 2018, Australian credit card fees totaled $1.5 billion.