BPAY® Biller

Summary: 
  • A BPAY® Biller service enables you to collect payments from invoices issued to your customers easily and efficiently using the BPAY® Scheme.
  • Details of the transactions are recorded on your regular account statement.
  • You can also elect to receive details of your transactions in an electronic file.
  • The funds from payments are credited to your account each day.

Features

Improve your cash flow
  • Manually processed payments or those in transit can significantly reduce the cash position of your business.
  • Not only can BPAY help to increase cash flow, depending on your current payment collection method, it can assist in decreasing collection costs and reduce administration time.
Access cleared funds
  • Every business banking day, all payments (online and phone) will be deposited to your account
Easy reconciliation of payments
  • Daily payment files are provided allowing for easy reconciliation of funds and payment information.
Treat your customers
  • BPAY will also make life easier and more convenient for your customers. With BPAY, standing in queues and posting cheques can become a thing of the past.
  • Your customers can pay your bill with just one phone call or during one internet banking session.
  • They can choose to pay from their cheque or savings account or, if you give them the option, their credit card account*.

Types of BPAY:

BPAY® Standard
  • Designed for customers who issue large numbers of invoices. Funds collected via the BPAY® Scheme are credited to your account as one single amount.
BPAY® Direct
  • Specially designed for customers who issue fewer bills. Each transaction collected via the BPAY® Scheme is credited to your account individually.