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.

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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.
• Flexible payments. Choose payment schedules that work for each of your customers or clients.
• Safety and security guaranteed. Your customer’s bank details are never stored by you and are completely secure.

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Here’s how to get started:

• Sign up to become a B2Bpay Biller. You can do that by clicking here and clicking the “Get Started Button”
• Once you have been set up as a B2Bpay Biller, send your customers your online Payment Set Up Form, which looks like 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.

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How to Direct Debit a one-off payment from your customers bank account or credit card

How to set up a regular ongoing payment schedule

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Need Help?

Our Sydney based team are here to help. Give us a call on 1300 205 575 or email us [email protected]

 

 

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?

1. 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.
2. 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’, CEO iFLYflat

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.

 

On 22 March 2020, the government announced a second wave of Stimulus Package incentives.

Forming a range of stimulus packages specific to each tax jurisdiction, these measures are designed to help bridge the economic gap the novel coronavirus, COVID-19, is creating. The various packages, when applied correctly and in combination with sound business management, will hopefully sustain businesses for the duration, keeping workers employed and our economy afloat.

Kevin Butler, General Manager of Australia’s leading payment solution provider Zenith Payments, has shared his top tips for Australian Businesses this End of this Financial Year.

Kevin Butler’s top five tips for Australian businesses this EOFY

 

1. Think about what purchases you could make before 30 June this year – and use B2Bpay to pay by card so you can ‘buy now, pay later’ as your card statement won’t be due until next financial year.

2. Read up on the now $150,000 instant asset write off scheme. One of the best tax breaks for small to medium sized business is the instant asset write-off, which is a great way for businesses to acquire capital assets and obtain an immediate tax deduction. As part of the Federal Government’s recent Coronavirus Stimulus Package, the Instant Asset Write-Off threshold has increased from $30,000 to $150,000 (net of GST) per asset acquired and now applies to businesses with an aggregated annual turnover of less than $500 million.

Some of the items that you could look at purchasing before 30 June 2020 include:

• Cars, vans and utes
• Fittings and fixtures
• Plant and machinery
• Computers and laptops
• Security systems

The asset must be used, or installed ready for use by 30 June 2020. This is particularly important you purchase the asset just before the end of the financial year. For example, if the asset is purchased say on 29 June 2020, but not available for use in the business until 7 July 2020, then the business loses the entitlement to claim an immediate tax deduction for the asset in the 2019/20 year.

3. Check out Corporate Prepaid Gift Cards,  which is a great way to use up marketing budgets with branded pre-paid credit cards you can use to reward staff or customers in the next financial year.

4. Use B2Bpay to pay for all business purchases and:

• Reduce cash flow concerns by using your credit card’s up to 55 days interest free period;
• Earn credit card reward points;
• Pay ATO bills and earn full credit card points;
• Receive Qantas Points on EOFY purchases and all other expenses

5. Get some advice from your accountant and check out how your business can benefit. You can even earn credit card and Qantas Points when you pay your accountant using B2Bpay!

“The end of financial year is a great time to do some shopping for your business. Businesses can take advantage by maximising tax deductions before the end of year. What’s more, the government’s $150,000 instant tax deduction initiative is a great tax break for small businesses.”

“Cash flow can often limit the ability of businesses to take advantage of these tax breaks. That’s where B2Bpay comes in by allowing you to use your credit card’s interest free days to hold your cash longer” says Kevin Butler, Zenith Payments General Manager.

“Powered by Zenith Payments B2Bpay is an innovative solution that allows small businesses to pay all business expenses via a single, secure online portal.”

“Using B2Bpay will negate the usual loss of points that occurs when paying the ATO directly by credit card. Instead our customers are rewarded with a much-needed silver lining at tax time with full credit card points and additional Qantas Points too.” adds Kevin Butler.

With B2Bpay, business owners can maximise credit card rewards on all payments in addition to boosting cash flow, productivity and tracking of business expenses.