B2Bpay launches new Direct Debit Function for businesses
Did you know that you can set up direct debit payments for your business customers?
We have recently added a really handy function for B2Bpay Billers (to get set up as a B2Bpay Biller click here). B2Bpay Billers can request that their customers or clients fill out an online form to authorise them to direct debit their Credit Card or bank account. Once a business has authorised this, B2Bpay Billers can log in to their B2Bpay Merchant Portal and set up regular automatic payments, and take one-off payments too.
Remove Payment Pains with Direct Debit
No more late payments
Never chase a payment again. Direct debit allows you to collect funds automatically on payment dates.
Not just for fixed amounts
Once a Direct Debit is in place, you can use it to collect one-off or recurring payments of any amount.
Control your cash flow
You choose the dates you collect funds, meaning you'll be able to predict future revenue for your business.
Benefits of Direct Debit for your Customers
Quick, one-time set up
Customers complete a simple online Direct Debit form, giving you authorisation to collect payments from them.
Choose payment schedules that work for each of your customers or clients.
Safety and security guaranteed
Your customers card or bank details are never seen or stored by you and are completely secure.
Here's how to get started:
Sign up to become a B2Bpay Biller by clicking on the "Get Started" button below.
Once you have been set up as a B2Bpay Biller, send your customers your online Payment Set Up Form (we will provide you with a link to this).
Once a customer has filled in the online form, you will get an email notification saying they have authorised you to collect funds.
Log in to B2Bpay and process or schedule payments. We've put together some handy videos on how to do that below.
If you have an eligible American Express Platinum or Centurion Card, using B2Bpay has never been more rewarding with DOUBLE the POINTS!*
For the next three months (until the 20th of July) use your American Express card with B2Bpay to:
• Earn double Membership Reward points when you pay ANY Biller (including the ATO);
• Get double the value when you ‘Pay with Points’
With 4.5 or 5 points for every dollar you pay and no reduced points when paying government bills with B2Bpay, there has never been a better time to use your American Express Platinum or Centurion Card to pay all of your business expenses.
Why is it better to pay via B2Bpay than direct to Billers?
B2Bpay allows you to pay ALL Business expenses, regardless of whether they accept Amex or not. This is because we pay the Biller via EFT or BPAY.
When you pay the ATO and other Government bills via B2Bpay you will earn 4.5 or 5 points per dollar. If you paid these directly you would only earn 2.25 or 2.5 points per dollar.
Save up and fly later
With no expiry and no cap on Membership Rewards Points, use this amazing offer to turbo boost your points balance. Your points will be waiting and ready for you to turn into business or first-class travel in the future.
Or use points to pay
If your cash flow needs a boost, you can earn double the points AND double the value by using Select + Pay to pay or part-pay transactions on your card statement, You will receive an amazing 4.5% ‘cash-back’ value until July 20th 2020! At a cost of 2.2% (1.54% after tax deduction) to pay with B2Bpay, this is unbelievable value!
“Using Amex is CHEAPER than using cash” Steve Hui ‘The Points Whisperer’, CEOiFLYflat
Join B2Bpay today
Click on the button below to sign up to B2Bpay to receive all the benefits of paying business expenses by card using B2Bpay – including improved cash flow, bonus Qantas Points, ease of use and saving time by paying all your bills in the one place.
* American Express Terms:
Eligible purchases can be made by the Primary Card Member and any Additional Card Members on a single Card Account. Eligible purchases are purchases for goods and services minus returns and other credits. Eligible purchases do not include fees or interest charges, purchases or reloading of prepaid cards, purchases of gift cards, person-to-person payments, or purchases of other cash equivalents. Merchants classified as “government”, include the Australian Taxation Office, the Australian Postal Corporation (Australia Post), Federal/State and Local Government bodies. Points will typically be credited to your Membership Rewards Account within 5 days after an eligible purchase you made is posted to your Account. Additional Terms and Conditions apply, please see membershiprewards.com.au/termsandconditions.
The value of your Membership Rewards points when redeemed for the Select + Pay option will automatically double per point for the period of the offer. For full Select + Pay Terms and Conditions, please see membershiprewards.com.au/termsandconditions.
The promotions begin on 21 April 2020 and end on 20 July 2020, inclusive. Your Card Account must not be cancelled or past due at the time of fulfilment of any offers. Terms and Conditions for the Membership Rewards program apply. Visit membershiprewards.com.au/termsandconditions for more information.
But what does it all mean for individuals and small businesses? See outlined below some of the various Federal and State incentives that have been announced so far to help Australian businesses get through this once in a lifetime event.
Held an ABN on 12 May 2020 and continues to be active
Carrying on in a business and earned business income in FY 2019 and lodged 2019 return OR made supplies in course or further of an enterprise starting 1 July 2018 and ending before 12 March 2020 and lodged relevant activity statement.
Based on 100% of PAYWG amount on activity statement
Water and electricity bills will be waived for the first quarterly bill received after 1 April this year for small business customers on Tariff 22, 94, 82 or 75, including those small businesses on market contracts that could affect those Tariffs.
Electricity prices will be capped, and water prices will be frozen until next financial year.
TAS Land Tax
Waiver of land tax for 2020-21 for commercial property owners where land tax is paid by the business owner.
This content above was put together for information purposes only. The Content does not constitute tax and/or legal advice and should not be relied upon as such. You should seek tax, legal or other professional advice before acting or relying on any Content.