Guide: Simplify Your Business Payments with MYOB Integration on B2Bpay

Are you an MYOB user who is tired of manually reconciling payments made to your business? Are you looking for a solution that streamlines your payment processes and saves you time? What about earning additional Qantas points on making and receiving payments? Look no further than the MYOB integration available on B2Bpay.

B2Bpay is an Australian payment solutions provider that offers a range of services to businesses of all sizes. Their MYOB integration allows businesses to sync their invoices with MYOB and automate the payment reconciliation process.

In this guide we outline the benefits of integrating MYOB and B2Bpay, how to do it easily and effectively, making payments and receiving payments, as well as how to earn Qantas Points through the integration.

Here are some of the benefits of using the MYOB integration on B2Bpay:

Streamlined Payment Processes

With the MYOB integration, businesses can easily pay their bills through B2Bpay using their credit card. The payment data is automatically synced with MYOB, eliminating the need for manual data entry and reconciliation.

“I connected my B2Bpay to MYOB recently. All of the invoices I have loaded in to MYOB display when I open up B2Bpay. I then simply choose which ones I want to pay with the credit cards I already have in my B2Bpay wallet. It’s all there in one place and saves a lot of time with reconciliation” – B2Bpay Customer, Accountant

Improved Cash Flow

The MYOB integration helps businesses improve their cash flow by providing them with faster access to funds. Payments made through B2Bpay are settled within 3 business days, which means businesses can use the funds sooner.

Increased Efficiency

The MYOB integration on B2Bpay eliminates the need for businesses to manually reconcile their payments. It also makes receiving payments faster, saving business owners time and resources, allowing them to focus on other aspects of their business.

“It was really easy to get set up and to accept credit card payments from my MYOB Invoices. I now have a button on my invoices that directs to B2Bpy for my clients to pay. I’ve found I get paid faster, and best of all it hasn’t been any effort to set up and it’s free for our business.” B2Bpay Biller, Promotional Products Industry

Enhanced Security

B2Bpay uses the latest security protocols to protect businesses’ payment data. The MYOB integration ensures that payment data is synced securely and accurately. You can learn more about B2Bpay’s commitment to security here.

Customisable Payment Solutions

B2Bpay’s MYOB integration allows businesses to customise their payment solutions to fit their specific needs. For example, they can choose to pay invoices in instalments or set up recurring payments.

Earn Qantas Reward Points

B2Bpay offers a loyalty program that rewards businesses for using their services. Businesses can earn Qantas Points through a range of different methods, which can be redeemed for flights, upgrades, and other rewards. You can learn more about earning points through B2Bpay in this guide.

Connecting MYOB to B2Bpay

To get started with the MYOB integration on B2Bpay, businesses simply need to sign up for a B2Bpay account and connect their MYOB account. Once the integration is set up, businesses can easily pay their bills through B2Bpay and have the payment data automatically synced with MYOB.

To make things as easy as possible for you, we have outlined the following simple steps:

Log in to B2Bpay with your existing credentials (or create an account here).
Click on the ‘My MYOB Bills’ tab and then the ‘Connect to MYOB AccountRight’ button.
Enter your MYOB login details on the redirected page.
Complete the two-factor authentication process (if applicable).
Select the Company Profile from MYOB you want to connect to B2Bpay.
Enter your MYOB User ID and Password, then click ‘Next.’
Choose your payment account and expense account, and click “Save.”

Once connected, approved bills from MYOB will be synced and ready to pay. Simply select the ones you’d like to pay and the desired payment date, then click “$ Pay Selected.” You might need to provide or confirm bank details for new suppliers or unmatched ones in our system.

Making Payments with B2Bpay and MYOB

Setting up B2Bpay to integrate with MYOB is a breeze. Once you’re connected, you can pay all your MYOB bills in B2Bpay. If you receive payments through your MYOB invoices, we’ll help you add a “pay with B2Bpay” stamp to your invoices.

To pay your bills, log in to your B2Bpay account, head to your account settings, and click “Connect to MYOB.” You’ll need to have your MYOB details ready. Once you’re connected, all of your bills in MYOB will be displayed. Simply select the bills you want to pay and use any card to make the payment. You can even choose a future payment date if you prefer to “set and forget.”

Receiving Payments with B2Bpay and Xero

To start accepting credit card payments online, fill in this simple online form to let us know. You’ll need your MYOB details handy. When you’re connected, the “pay now” button on your MYOB invoice will direct your customers to your payment page. They can then pay you online with any card at no cost.

And just like with payments, all of your invoices are automatically updated and reconciled in MYOB, saving you even more time.

Earning Qantas Rewards When You Pay and Get Paid

B2Bpay makes it easy to maximize your points earning, especially when using MYOB as your accounting software. To get started, you’ll need a business rewards card that lets you earn Qantas Points when you pay bills.

Link your accounts to MYOB and B2Bpay, and you’re ready to go. Each payment you make through B2Bpay earns Qantas Points, in addition to the points awarded by your credit card provider. You can earn:

1 Qantas Point for every $7 paid to the ATO
1 Qantas Point for every $10 paid to other billers
Up to 3 Qantas Points per $1.50 paid to B2Bpay Bonus Billers

There’s no limit to how many points you can earn, but credit cards do have monthly maximums. If you hit your limit, switch to our Bank Accelerator program to pay the rest of your bills. You can earn 1 Qantas Point for every $3 paid through Bank Accelerator. Plus, Bank Accelerator links seamlessly with MYOB, making your accounting even simpler.

When your clients pay you through MYOB, linked to your B2Bpay account, you can also receive 1 Qantas Point per $20. This gives you even more points to play with.

Get Started With MYOB and B2Bpay Today

Don’t let payment headaches hold back your business any longer. With B2Bpay, you can simplify the payments process, save time, and boost your cash flow, all while seamlessly integrating with MYOB.

Say goodbye to the stress of managing payments and hello to a streamlined, hassle-free solution. Plus, you get the opportunity to earn more Qantas Points than ever before, taking your small business above and beyond.

B2Bpay is the easy, secure way to pay and be rewarded. Sign up here.

FAQs

How do I connect my MYOB account to B2Bpay?

Connecting your MYOB account to B2Bpay is a simple process. Just sign up for a B2Bpay account, and then follow the instructions to connect your MYOB account. Once the integration is complete, you can start paying all of your MYOB bills through B2Bpay. If you’re also receiving payments through your MYOB invoices, we can assist you in adding a “pay with B2Bpay” option to your invoices.

What are the fees for using B2Bpay?

Joining B2Bpay is free, and there are no hidden fees. The only cost associated with using B2Bpay is the card processing fee, which is tax-deductible and depends on the type of card you use. The fees are as follows:

Visa/Mastercard standard cards: 1.2% (0.84% after tax deduction)
Visa/Mastercard premium and corporate cards: 1.55% (1.09% after tax deduction)
American Express cards: 2.2% (1.54% after tax deduction)
Diners Club cards: 2.4% (1.68% after tax deduction)

All fees exclude GST. While you won’t be charged any fees for receiving credit card payments from other businesses, you do have the option to absorb these fees if you wish.

Is using B2Bpay worth the fees?

Definitely! B2Bpay provides several benefits that far outweigh the minimal card processing fees. For one, you’ll earn credit card points and Qantas Points for making payments through B2Bpay, which you can redeem for flights, upgrades, and other rewards. Additionally, B2Bpay helps improve your cash flow by settling payments within three business days. Lastly, B2Bpay offers customizable payment solutions that allow you to set up recurring or installment payments. So, even with the tax-deductible card processing fees, B2Bpay is definitely worth using for your business payments.