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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.
Pay directly from AccountRight (2020.2 and later, selected customers only - see note below).
What's the difference?
|Using a bank file||Direct payments|
Direct payments availability
This feature is being launched in Australia through June & July in 2020. Only businesses registered as Sole Traders and/or Private Companies with the Australian Business Registry will be eligible able to apply.
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.
What are the fees for using direct payments?
The fees per use are:
Debit card (Mastercard only)
- 0.1% of the total payment value
- Example: if paying $10,000, the fee is $10
Credit card (Visa or Mastercard)
- 1.5% of the total payment value
- Example: if paying $10,000, the fee is $150