All posts by Jane Grant

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News, Uncategorized

New security feature for B2Bpay

New Security Feature for B2Bpay

We have launched Multi-factor Authentication in B2Bpay. This provides an additional layer of security, on top of email address and password.
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We are pleased to announce that we have set up Multi-Factor Authentication (MFA) to provide yet another layer of security when accessing your B2Bpay profile.

This means that all of our users will be prompted to set up Multi-Factor Authentication after entering their email address and password when they first log in to their profile.

Once this has been set up, you will be prompted to authenticate your own profile each time you log in. If using the Google Authenticator or Microsoft Authenticator apps, you can select the ‘Remember me’ box and you won’t be asked for a MFA code for 30 days if you are using the same device on the same network. 

You can choose one of the following methods of authentication (we suggest the Google or Microsoft Authenticator apps for the top level of security):

Google Authenticator App

Simply download the Google Authenticator App to your phone. If you don’t already have the app, go to your App Store or Google Play and search for, then add it.

In B2Bpay, select ‘Google Authenticator’ as your preferred MFA method. This will display a QR code. You can scan this code from within the Google Authenticator app which will set up authentication for your B2Bpay profile.

Then you simply need to open the app and enter the code provided when prompted when you log in to B2Bpay in the future. 

Microsoft Authenticator App

Simply download the Microsoft Authenticator App to your phone. If you don’t already have the app, go to your App Store or Google Play and search for, then add it.

In B2Bpay, select ‘Microsoft Authenticator’ as your preferred MFA method. This will display a QR code. You can scan this code from within the Microsoft Authenticator app which will set up authentication for your B2Bpay profile. 

Then you simply need to open the app and enter the code provided when prompted when you log in to B2Bpay in the future. 

Email

If you select Email as your preferred MFA method, this will enable you to have a code emailed to your registered email account each time you log in.

There is the usual potential for emails going into ​Spam or Junk folders.

More tips for keeping your business profiles secure online

We’ve compiled some other top tips on how to keep your logins secure across your profiles below. 

1. Never use the same password on multiple websites or systems


Using the same password across different sites is a surefire way to decrease the security of a password. If a hacker determines your password for one site, they’ll be equipped to access more of the websites and systems you use without any extra work on their part. The simplest way to avoid this scenario is to not only use stronger passwords, but distinct ones for each and every website or system you use. 

2. Don’t use personally identifiable terms


Sure, using your children’s or pet’s name makes it easy to remember a password. But it makes them easy to hack, too.

Hackers can find out these easily by mining your social media profiles, and odds are that personally identifiable information will be the first thing they will try if they’re attempting to log into your profiles. Avoid using this info in passwords and opt for something that’s harder to guess instead. 

On a related note, always be mindful of what you share online. Giving away too much personal information via your social media profiles makes it easier for hackers to gain access to your profiles.

3. Avoid using common words or phrases


That means “Password,” “12345” and “qwerty” are out. Also remember to avoid using easily identifiable information such as your partners name, your wedding date and so on.

4. Use different types of characters


Instead of opting for just letters or just numbers, opt for a mixture of characters — including ones such as %, @, $, numbers, uppercase and lowercase letters, and so on.

5. Make it long


Longer passwords take significantly longer to crack (we’re talking the difference of weeks or even years!), so opt for eight characters at an absolute minimum; more than 15 is ideal if you’re serious about stronger passwords.

6. Always enable multi-factor authentication


Although we have switched on Multi-factor Authentication  at B2Bpay (to help keep your B2Bpay profiles secure), with other websites you may have the choice to add this extra layer of security.  Enabling two-factor authentication will make it much more difficult for hackers to access your profiles, and give you peace of mind that they are secure. 

7. Never save or share passwords


Never save your passwords or check the “remember me” box when you’re using a public computer. Better yet, try to avoid logging into personal profiles unless you’re on a private device.

Avoid sharing your passwords with other people whenever possible. If you have a written list of passwords to help you remember them, avoid storing this list on your computer or phone.

Because electronic devices are hackable, this means you could potentially put all of your profiles at risk. If you must keep a list of passwords, use pen and paper and store the list in a secure place. Avoid writing down your stronger passwords at all.

8. Use a password manager


If you’re struggling to manage your stronger passwords (now that you’ve got them), consider using a password management system. 

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News

Amex Pay with Points

Pay any business bill using your Membership Rewards Points - Amercian Express SafeKey

Use your Amex Membership Rewards points when paying business bills.

B2Bpay has partnered with American Express to enable its Card Members to ‘Pay with Points’ when paying bills. 

Use your Membership Rewards points when paying any bill including tax, supplier invoices, super, rent and more. Choose points only, or a combination of points plus payment, using your card. 

20,000 Membership Rewards = $100 worth of bills paid.

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Why pay bills with points?

  • Improve cash flow by using your points rather than business funds
  • More choice with another option to pay your bills
  • New way to use your points especially if you have been unable to use them for travel
  • Choose points only, or a combination of points plus payment on your card
  • Quick, secure and easy to use
  • Earn Qantas Points from B2Bpay on all bills you pay by American Express including the amount you pay by points*:
  • 1 Qantas Point for every $7 to the ATO
  • 1 Qantas Point for every $10 to other billers
  • Up to 3 Qantas Points per $1.50 paid to B2Bpay Bonus Billers^^
  • Earn Membership Rewards points on the proportion you pay using your Amercian Express card^

How do you pay with points?

Log in

Log in to B2Bpay and click 'Make One-Off Payment' or click a 'Pay by B2Bpay' link on your supplier's invoice.

Log in to pay
Sign up for free

Enter payment details

Select (or add) the biller your wish to pay and follow the steps to make the payment

Use your Amex

Select or enter your American Express card details then agree to the terms and press 'Pay Now'

Use Points to pay

The American Express SafeKey popup will give you the option to use points to pay. You can choose to use points only or a combination of points plus payment

All done

Complete your payment

American Express will charge your card for the full transaction amount, and within 72 hours will raise a statement credit for the points portion of your payment.+ 

Your customers can pay you with points too

If you sign up to accept payments through B2Bpay, your customers or clients can now pay your invoices with points too. ‘Pay with Points’ gives your customers a new option to pay you and helps them boost cash flow and pay you on time.

This is available to Australian businesses at no cost and is easy to implement on Xero, MYOB or QuickBooks invoice templates. 

Find out more about accepting payments with B2Bpay

Want to know more?

If you need assistance setting up to use B2Bpay and/or paying with points, give our Sydney based team a call on 1300 205 575

Using Membership Rewards® Pay with Points with SafeKey®

Using Pay with Points with B2Bpay: 
Pay with points with B2Bpay is available when on and when you, the primary card member, pay bills using the one-off payment page on the B2Bpay Customer Portal. Pay with points is also available on all B2Bpay biller’s ‘Pay Now’ payment pages (including integrated Xero, MYOB and QuickBooks pages) that are hosted by B2Bpay (the URL will start with pay.b2bpay.com.au) and on websites using the B2Bpay Payment Plugin. 

Eligibility to ‘Use points to pay with SafeKey’: 
You can ‘Use points to pay with SafeKey’ if You are the Primary Card Member of an Australian issued American Express® Card; Your Card is enrolled in the Membership Rewards programme; and Your Card account is in good standing (i.e. not overdue or in collection). Supplementary Card Members are not eligible to Use points to pay with SafeKey. 
 
+Using ‘Use points to pay with SafeKey’: 
The minimum redemption value is 1,000 Membership Rewards points. The maximum points redemption is the lower of the total transaction value or the total Membership Rewards points. The number of rewards needed for a credit may vary over time. The points required for the credit value will be displayed during the redemption process, prior to submission. 
 
The full transaction amount will be charged and appear on your account and the statement credit for the value selected will appear within 72 hours of the charge (this may not be the full transaction amount). The credit may not appear on the same statement as the full charge. In this case, you must still pay the amount due on your statement, and the credit will apply to charges on your next statement.

 

^ Membership Rewards points are subject to the Terms and Conditions of the Membership Rewards program available at https://www.americanexpress.com/en-au/rewards/membership-rewards/terms

General 
Returns & refunds. If required, contact B2Bpay for refund eligibility but remember, payments cannot be refunded after funds have been forwarded to your biller. If you do subsequently obtain a refund, the refund amount will apply to your Card account. Membership Rewards points are not reimbursed automatically. In the event of a refund, you may keep the credit, but if you prefer reimbursement of Membership Rewards points, please call American Express on the number on the back of your Card. 
The card terms and conditions continue to apply when you Use points with SafeKey. You must continue to make payments as outlined on your Statement of Account and in your Card Member agreement, even when you ‘Use points to pay with SafeKey. All Membership Rewards points are subject to the Membership Rewards Terms and Conditions available here.
American Express may change or suspend the ‘Use points to pay with SafeKey’ feature for any reason and at any time without prior notice, including when a Card account is not in good standing (overdue or in collection). 
For more information, see Pay with Points FAQ’s at: https://www.americanexpress.com/content/dam/amex/au/benefits/use-points-with-safekey/faqs.pdf 


B2Bpay is owned and operated by Zenith Payments Pty Ltd, a leading payment processing business based in Balmain, Sydney. Payment processing and merchant acquiring facilities are provided by Westpac, American Express, Diners Club and other leading financial institutions. More details about  Zenith Payments.

A standard and tax-deductible credit card processing fee (from 1.2% excl. GST) or a bank account processing fee (0.65% excl. GST) applies to all payments and the applicable fee will be displayed when you set up a biller and/or when you make a payment.

*A business must be a Qantas Business Rewards Member to earn Qantas Points for business. A one-off join fee of $89.50 including GST normally applies, however this will be waived for B2Bpay customers  using this link. Membership and Qantas Points are subject to the Qantas Business Rewards Terms and Conditions. Qantas Points for business are offered under the  B2Bpay Customer Terms and Conditions. Members will earn 1 Qantas Point for every $7 paid to the ATO by card, 1 Qantas Point for every $10 paid to all other billers by card, and 1 Qantas Point for every $3 paid to a biller by bank account.

^^Members can also earn up to 3 Qantas Points per $1.50 paid to B2Bpay Bonus Billers. See B2Bpay website for a list of current B2Bpay Bonus Billers. 

Qantas Points will be credited to the Members’ Business Rewards account by the 14th day of the month following the eligible spend. Any claims in relation to Qantas Points under this offer must be made directly to B2Bpay by emailing  [email protected]. Businesses must ensure the ABN registered with Qantas Business Rewards is saved in the B2Bpay customer profile or entered online when paying in order to earn Qantas Points. Qantas Points earned using B2Bpay will be credited to the Members’ Business Rewards account by the 14th day of the month following the eligible spend as outlined in the B2Bpay Customer Terms and Conditions. 

Uncategorized

Adding a Payment Account in Xero (to receive payments)

Adding a Payment Account in Xero (to select when configuring in B2Bpay)

Some of our customers come across an issue when they go to select the “Payment Account” in B2Bpay, and there is nothing there to select (see example below). If this is the case,  you will need to go in to your Xero Account and add a code to your Bank Account (where you receive funds) or add a bank account with a 3 digit code.  Follow our step by step instructions below to get this configured.

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Covid-19, News

EOFY Tips for Small Business 2021

With the end of the financial year fast approaching, here are 5 quick tips to get you prepared for EOFY.

  1. Be aware of tax changes: Many tax changes come into effect at the start of a new financial year. Check ATO and chat to your accountant for the latest news on tax changes.
  2. Check your superannuation is in order by 30 June: Businesses must ensure that they are paying superannuation for their employees and all payments are completed before 1 July. Business owners should be aware of the cash flow implications and make plans accordingly. Check on Superannuation Policy.
  3. Get your paperwork up to date: Having the right paperwork will help you streamline the EOFY process. Some examples of records you need to have on hand are:
    • Receipts for sales and purchases
    • A statement of you B2Bpay credit card processing fees which can likely be claimed as a tax deduction – click here for instructions on how to easily access this.
    • Tax returns, activity statements and employee super contributions
    • GST returns and Business Activity Statements (BAS)
  4. Manage your deductions: It is important to know what you can claim. One of the best tax breaks for many businesses is the instant asset write-off, which offers a means to acquire capital assets and obtain an immediate tax deduction. Examples of ‘assets’ put forward by the government include coffee machines, forklifts, tractors, freezers and labellers. The scheme was due to expire on June 30, 2022, but Treasurer Josh Frydenberg announced in the Federal Budget that it will now continue until June 30, 2023. You can read more about it and how you can use B2Bpay to take advantage here. There is also now no cap on the scheme, which originally has a cap of $150,000 for purchase.
  5. Other COVID-19 relief: Other government initiatives such as JobKeeper Payment may impact your EOFY tax situation. For latest information, refer to General COVID-19 support for businesses and employers

This content 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.

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News

2021 Federal Budget providing a boost for Small Biz

The federal budget was announced on 11 May 2021 and provided a range of measures to help small business owners and businesses recover from the impact of COVID-19 and boost business confidence. Here is an overview of the announcements that are likely to have a positive impact on small businesses.

Tax

  • Corporate tax rate for SME’s will drop from 27.5% to25% from 1 July 2021.
  • The government has also extended its temporary full expensing of depreciable assets for business, with turnover or income below $5 billion. The measure introduced in last year’s budget will be extended for another 12 months until 23 June 2023.
  • The temporary loss carry-back scheme will be extended by one year, allowing eligible companies to carry-back tax losses from the 2022-23 income year to offset previously taxed profits as far back as 2018-19 income year. Companies with aggregated annual turnover of up to $5 billion can apply tax losses incurred during previous years to offset tax paid in 2018-19 or later years.
  • Small craft brewers and distillers will benefit from an increase in the cap for claims on the Excise Refund Scheme from $100,000 to $350,000 from 1 July 2021.
  • The Government announced increased rights for small businesses to pause the collection of disputed debts. Small businesses can now have the confidence and peace of mind that they will be able to pause ATO debt recovery actions until their case is decided by the AAT. For more detail visit https://budget.gov.au/2021-22/content/factsheets/download/factsheet_tax.pdf

Instant asset write-off to be extended and limit lifted

  • One of the best tax breaks for many businesses is the instant asset write-off, which offers a means to acquire capital assets and obtain an immediate tax deduction. Examples of ‘assets’ put forward by the government include coffee machines, forklifts, tractors, freezers and labellers.
  • The scheme was due to expire on June 30, 2022, but Treasurer Josh Frydenberg announced in the Federal Budget thatit will now continue until June 30, 2023. You can read more about it and how you can use B2Bpay to take advantage here.
  • There is also now no cap on the scheme, which originally has a cap of $150,000 for purchase.

Financial incentives for employing staff

  • The government has also extended its temporary full expensing of depreciable assets for business, with turnover or income below $5 billion. The measure introduced in last year’s budget will be extended for another 12 months until 23 June 2023.
  • $1.2 billion towards the Boosting Apprenticeship Commencements Wage Subsidy program, which will cover 50 per cent of wages, up to $7,000 per quarter for 12 months, paid to an eligible apprentice or trainee between 5 October 2020 and 30 September 2021.

Superannuation

Other Measures

  • Removal of current exclusion that applies to deductions for the first $250 spent on education courses, which will give more business owners (and their employees) a reason to learn new skills.
  • Almost $130 million to encourage entrepreneurship through the New Enterprise Incentive Scheme (NEIS) and Entrepreneurship Facilitators Program support people who want to start, run and grow their own business.

Visit the budget website https://budget.gov.au for more details on the 2020-21 Federal Budget.

Boost your small business even further by using B2Bpay

Taking advantage of the simplicity of B2Bpay can help your business to:-

  • Earn full credit card reward points on any business payment including purchases and also be rewarded with Qantas Points
  • Improve cash flow by making use of the 55 days interest free period by using card
  • Make seamless, hassle-free payments, freeing up admin time for you and your staff
  • Set payments as one-off, automatic or future dated
  • Keep accurate records on all purchases and payments, making tax time easier
  • Earn credit card reward points and bonus Qantas Points with every payment, even utility bills, rates and ATO payments

Source: Budget 2021-22 Securing Australia’s Recovery https://budget.gov.au/

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.

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News

The Federal budget unveiled instant asset write offs that will benefit 99% of businesses

Some great news for Australian Businesses

The 2020 Federal Budget unveiled instant asset write-offs with full deductions, providing positive news and much-needed tax breaks for businesses across the board. Effectively, businesses that make new investments will be able to write off the entire cost in one year, rather than having the asset depreciate over several years.

Who can benefit?

Short answer: 99% of Australian businesses!

Businesses with up to an annual turnover of up to $5 billion can claim immediate tax deductions on the full value of all new, eligible, depreciable assets, according to Tuesday night’s Federal Budget 2020 announcements. These include assets of any value that are first used or installed by 30 June, 2022.

The “immediate expensing” or “loss carry-back” business measures will benefit up to 99%, or 3.5 million businesses, allowing them to claim full deductions for the cost of improvements made to existing depreciable assets.

In releasing the 2020 Federal Budget  details, Federal Treasurer, Josh Frydenberg stated that the new investment incentives will allow businesses to expand, upgrade and improve their service and products.

“A trucking company will be able to upgrade its fleet, a farmer will be able to purchase a new harvester and a food manufacturing business will be able to expand its production line,” said Treasurer Frydenberg.

What assets can you claim under the scheme?

All new assets are eligible under the scheme, provided they meet existing criteria for depreciable assets.

Examples put forward by the government include coffee machines, forklifts, tractors, freezers and labellers.

Other examples of depreciable business assets are listed below:

  • Computers and software
  • Furniture and fixtures
  • Machinery
  • Tools
  • Equipment
  • Vehicles

There is also no cap on the value of the new assets that can be claimed. This differs from the existing instant asset write-off scheme, which has a cap of $150,000 for purchases.

The new business measures allow businesses to deduct the full value of their investments upfront, reducing the amount of tax a business will pay. Also businesses are given an extra 6 months to install or first use those assets.

What about second hand assets?

To further encourage businesses to make investments sooner, helping stimulate the economy and create jobs, small-medium enterprises (SME’s) with revenue of up to $50 million will be able to expense all second-hand assets, regardless of value.

Businesses with annual revenue between $50 million and $500 million will still be able to claim a full deduction for second-hand assets of up to $150,000 under the existing instant asset write-off scheme if they are purchased by 31 December 2020.

The instant asset write-off scheme allows businesses who already hold eligible assets to install those assets or bring them to first use has been extended to 30 June 2021.

How to use B2Bpay to gain even more benefits

Taking advantage of the new instant write-off scheme, businesses can commit to investments and purchase assets through the ease and simplicity of B2Bpay.

Your business can buy assets and pay for them by credit card using B2Bpay to:

    • Get the tax benefits of being able to write off the cost instantly against your tax
    • Improve  cash flow by making use of the <55 days interest free by using card
    • Ensure your business makes timely and precise payments, well within the extended time frame.
    • Earn full credit card reward points on the cost of the purchase (which no longer has a cap!) and Qantas Points on top

B2Bpay allows businesses to:

  • Make payments to a supplier regardless of whether they accept credit card or not.
  • Make seamless, hassle-free payments, freeing up admin time.
  • Set payments as one-off, automatic or future dated.
  • Keep accurate records of all purchases and payments, making tax time easier.
  • Earn credit card reward points and bonus Qantas Points with every payment, even utility bills and ATO payments.

To sum up

This week’s budget announcing  full tax deductions for business investments and eligible assets is optimistic and positive news for majority of businesses, allowing them to expand and thrive even during a difficult economic climate.

Take your business to the next level! Use B2Bpay to make the most of what the 2020 Federal Budget has to offer.


JOIN B2Bpay for Free

Log in to B2Bpay

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.

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News

How Honeycomb Agency has quickly and creatively navigated the COVID business slump

About Honeycomb Agency

 

Honeycomb Agency is a creative and innovative promotional marketing agency, combining a wealth of experience in events and branded merchandise with tailored services to further alleviate the challenges and pain points of their busy clients. As a promotional marketing agency, Honeycomb specialises in creative merchandise programs and lead generating event experiences. They are a small business, but their outstanding customer service and retention has earned them outstanding reviews and referrals. This has seen them working with clients ranging from SMEs to big banks and ASX listed companies.

The significant impact of COVID on the events & promotional product industries

 

Honeycomb was on site at a national roadshow delivering activation’s for clients when concerns for public gatherings grew. Quickly thereafter, event exhibitors began to pull out. Despite being prior to any government-enforced restrictions, the next 24 hours saw Honeycomb lose a huge number of event merchandise orders, event activation experiences and management jobs. According to the Business Events Council of Australia (BECA) the Australian economy will lose $35.7 billion in the first 12 months of COVID-19 due to the significant impact on the business events sector.

The promotional merchandise arm of the business was also greatly impacted. This is because the primary reason for clients ordering promotional items is to distribute these from exhibition stands or in event settings. There was a sense of urgency for Honeycomb to find new ways to make merchandise work for clients. And to support them in finding ways to keep connections strong with both their remote workers and their customers.

 

Honeycomb’s pivots and continued commitment to clients

 

As a small and nimble business, Honeycomb was able to quickly change direction and began tailoring care packs for clients. Each pack has followed a theme or message to their staff, adding in fun and personalised products where possible. The response to the personalised items (i.e. journals, coasters, drinkware, etc) was particularly positive. This has demonstrated the importance of making individuals feel valued during this challenging time. They then expanded on this service by offering webinar packs.  This was a new take on delegate bags at events, and these packs are sent to residential addresses.  Registered online attendees receive the packs ahead of the virtual event, and enjoy at home to enrich the overall experience.

Their newest venture has been to stock and sell face masks, in response to the growing demand from  individuals and businesses. They have created an online store for their plain black masks and another custom branded masks. Currently, they are turning around branded masks in one week from artwork approval (for businesses wanting branded masks or vibrant, creative promotional designs). Thanks to Honeycombs’s knowledge and expertise with promotional merchandise, they are able to source very high quality masks.

 

Benefits of technology for business changes

 

Honeycomb have adapted in recent months to make new products and services that fit with their clients’ needs. This has meant they are more reliant than ever on software to alleviate further stress. Thanks to B2Bpay, selling directly to end users has been a breeze, with payments secure, straight forward and user friendly. In July, Honeycomb integrated B2Bpay with Quickbooks, so they can now also benefit from a ‘Pay Now’ link on their invoices. Honeycomb also earns Qantas Points on every eligible payment received via B2Bpay. They are working hard to keep their business going, so it’s a great bonus to know that using this time and admin-saving software is earning Qantas Points to enjoy down the track.

The next challenge for Honeycomb’s clients is how to reinvent their Christmas/end of year celebrations in this very different social environment. Fortunately, Honeycomb is already ahead of the game, with more personalised gift options, pop-up party packs and more available. (For details, click here).

To talk about other packs, products or services, be sure to get in touch with Honeycomb on [email protected]!

Join B2Bpay Today!
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News

New Direct Debit Function launched for B2Bpay Billers

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.

Flexible Payments

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.
Get Started

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

Need Help?

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

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News

Earn Double Points with American Express

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.

 

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Top tips for Australian businesses this EOFY

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.

Update: May 2021 – Earn up to 30,000 bonus Qantas Points this EOFY#

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