If you want to pay straight into your suppliers' and employees' bank accounts you can use a bank file, or pay them directly.
Using a bank file
Create a bank file from AccountRight then upload it to your bank for processing.
Direct payments (beta)
Pay directly from AccountRight (2019.3 beta customers only).
What's the difference?
|Using a bank file||Direct payments (beta)|
- available in Australia and New Zealand
- both online and desktop company files
- included with AccountRight (bank fees may apply)
- internet banking required
- available to Australian beta customers
- online company files only
- MYOB fees apply (see FAQs below)
- internet banking not required
- streamlined payment process
- less data entry = fewer mistakes!
- additional security
- full payment audit trail
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The new direct payments service is currently in beta (it's not quite ready yet), so it's only available to selected beta customers.
If you've already been using bank files for electronic payments, it's easy to switch to direct payments.
Setting up electronic payments
Before you can make electronic payments using your chosen method, you'll need to set up a few things.
Once you've set up electronic payments, you're ready to start making payments using your chosen method.
<h2><i class="fa fa-comments"></i> FAQs</h2><br>
|title||What are the fees for using direct payments?|
What are the fees for using direct payments?
The fees per use are:
Debit card (Mastercard only)
- 0.5% of the total payment value
- Example: if paying $10,000, the fee is $50
Credit card (Visa or Mastercard)
- 1.2% of the total payment value
- Example: if paying $10,000, the fee is $120