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The upside of Amex changes in April 2019

B2Bpay still the most profitable way to pay all of your business expenses.

On 15 April 2019, American Express made changes to points earning and redeeming rates. You can visit their website here and see how your card has changed.

The good news is, regardless of which card you have; you are still better off using your American Express card to pay all your business payments using B2Bpay to earn credit card points, and to earn Qantas Points on top of that. Although the points transfer value has reduced by up to 50% when transferring your American Express Rewards Points to airline points, the earn rate has doubled or more than doubled on some cards.

As Steve Hui ‘The Points Whisperer’ founder of iflyflat.com.au helps business with strategies to earn more points says “ensuring you have the right card is the first step, then deciding where to travel is the second step”. “Then you can focus on using it to maximise points and that’s where B2Bpay comes in by helping you earn full points on bills like your ATO BAS bill and by earning extra Qantas Points too”.

B2Bpay is reducing American Express card processing fees

Some more good news is that as of 17 April 2019, B2Bpay reduced card processing fees for paying with American Express cards from 2.4% to 2.2% (1.54% after tax deduction) excluding GST.

So which cards earn more points than before?

A good example of this is the  American Express Platinum Business Card and the American Express Platinum Card.

B2Bpay payments fall into the ‘all other spend’ category’ ,with this earning rate:

Before 15 April:              1 Membership Reward point per $1

From 15 April:                 2.25 Membership Reward points $1

In addition to these changes to the points you earn, American Express has also halved the redemption rate for when transferring Membership Rewards points to airline or hotel points.

But, because the earning rate has more than doubled, you are still ahead and will earn more points than before. Plus you will pay the reduced B2Bpay processing fee.  Winner!

Example:

Let’s use paying the ATO as an example of how you can earn even more points using B2Bpay after 15th April…

A customer uses B2Bpay to pay a $10,000 ATO bill (or any other bill):

Before 15 April:

Earn 10,000 American Express Membership Rewards Points

= this can be transferred to 10,000 Qantas Points

Plus at least 100 Qantas Points from B2Bpay

TOTAL: 10,100 Qantas Points 

From 15 April:

Earn 22,500 American Express Membership Rewards Points

= this can be transferred to 11,250 Qantas Points

Plus at least 100 Qantas Points from B2Bpay

TOTAL: 11,350 Qantas Points

 

 

 

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Now you can be rewarded for paying bills and getting paid.

 

Innovative payments fintech B2Bpay has just announced that it will now offer Qantas Points to small businesses when they accept payments. SME’s will receive 1 x Qantas Point for every $20 paid to them via the B2Bpay portal.

The beauty of B2Bpay for small businesses is that not only can they can offer their customers the opportunity to earn Qantas Points when they pay them, but now they can also earn Qantas Points for themselves when getting paid.

Since the launch of B2Bpay a year ago, customers have been earning 1 Qantas Point for every $100 spent via the portal.

B2Bpay General Manager, Kevin Butler said “B2Bpay has been very successful to date and we attribute it to the fact that we are very customer centric and enjoy nothing more than rewarding them for paying their everyday bills,”

“Recently, we decided that we would like to extend the Point earning potential to our billers – small businesses that are accepting payments.”

“Being able to reward small businesses for getting paid is a first of its kind in our industry and we are very excited about it,” Kevin said.

B2Bpay has found a unique angle to provide Australian small businesses with an extra incentive to do business and benefit from processing payments.

 

How do I become a B2Bpay Biller?

It costs nothing for you to become a B2Bpay biller and you can also opt for your own branded payment portal.

We can help you get set up. All you have to do is add a link to your invoices (eg. pay.b2bpay.com.au/ yourcompanyname) so they can start getting paid online via credit card at any time of the day.

 

Get paid quickly and save time and hassle

Getting paid by card is faster and by offering online payments you make it more convenient for your customers to pay you, at any time of the day or night.

Cut down your manual work and time on the phone because you don’t have to cross-check bank statements or card details.

Watch our video on how it all works here.


If you would like to have a chat to us, please call 1300 205 575.

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B2Bpay is now rewarding businesses for getting paid

  • To mark a successful first year, we have launched an exciting enhancement to our reward program
  • We are now rewarding businesses with Qantas Points when business get paid as well!

Backed by Qantas Business Rewards,  we are revolutionising how SME’s do business and to celebrate the 1-year anniversary since our launch, we are excited to deliver even more rewards for Australian businesses.

Over the past year we have helped over 5000 SMEs earn Qantas points and credit card points when paying their business expenses.

“B2Bpay has had such a successful first 12 months and we are thrilled to be celebrating through introducing a major enhancement to the platform that delivers even more value to Australian business owners and their customers,” says General Manager Kevin Butler.

“We have learnt that many of the SMEs we’ve helped with simpler more rewarding ways to pay their bills also need support with how their customers pay them. Business owners often struggle to know where to start when accepting card payments. B2Bpay offers an easy solution that also boosts lucrative Qantas points balances not only for your business but for your customers as well,” adds Kevin Butler.

Businesses receiving payment don’t need to feel guilty as their customers also earn Qantas Points from B2Bpay in addition to their credit card points when they pay bills. Businesses receiving payments on B2Bpay will now earn 1 Qantas Point for every $20 paid to them by Visa or Mastercard and their customer also earns 1 Qantas Point per $100 in addition to the points provided by their credit card.

“The Qantas Business Rewards program makes it easy for business owners to earn Qantas Points on their everyday business expenses and it’s been wonderful to see so many businesses taking advantage of the B2Bpay platform over the past 12 months. In recognition of the first anniversary of B2Bpay’s launch we are very pleased to be expanding rewards to businesses when they get paid,” said Eric Jelinek, Head of Qantas Business Rewards.

Here’s how it works:

  1. Simply tell us that you want to become a Biller by visiting our website and clicking ‘Get Started’. We’ll set you up with an invoice payment page (all at no cost to you).  
  1. We will help you add a ‘pay now’ button or payment info to your invoice templates.
  1. Your business will earn 1 Qantas Point for every $20 of eligible payments made to you using this invoice page. Not a Qantas Business Rewards member? – join free.

A business must be a Qantas Business Rewards Member to earn Qantas Points for business. Membership and Qantas Points are subject to the Qantas Business Rewards Terms and Conditions at qantasbusinessrewards.com/terms. Qantas Points for business are offered under the B2Bpay Customer Terms and Conditions. Qantas Points for Mastercard and Visa transactions are offered under Zenith Payments Terms and Conditions.

Media contact: Sari-Elle Kraemer, Alpha Consult