Skip to content

Making electronic payments directly

MYOB Accountright 2020.2 and later only

Direct payments availability

Only businesses that are currently set up for direct payments can use this feature. We're no longer taking new applications.

If you're set up for direct payments, you can pay your employees and supplier bills in batch payments using your debit or credit card directly from AccountRight. It's quick, easy and secure.

To identify a payment as being paid electronically
AddAdd

There are a few ways to identify that a payment you're making is to be paid electronically:

  • When you record a Spend Money or Pay Bills transaction, select the Electronic Payment option.

    spend money

  • When you record a Pay Liabilities transaction, select the Group with Electronic Payments option.

    Pay Liabilities group with electronic payments option selected

  • If you've set up your employees to be paid electronically, when you process their pays they'll be identified as electronic payments.

Recorded electronic payments will be listed on the Prepare Electronic Payments window, ready to be processed. See the next task to learn how.

Prepare electronic payments new buttons



To make electronic payments directly
AddAdd
  1. Go to the Banking command centre and click Prepare Electronic Payments. The Prepare Electronic Payments window appears listing all electronic payments waiting to be processed.

  2. In the Pay From Account field, select the bank account you're paying from.

  3. If you want to group the electronic payment by payment type—for example, to pay bills only—select a type in the Select Payment by field.

  4. In the Your Bank Statement Text field, type the text you want to appear on your bank statement.

  5. In the Bank Processing Date field, enter today's date. Payments authorised before 5pm AEST will be disbursed on the next business day.

  6. (Optional) Enter a Journal Memo to describe this transaction. By default, this will display Electronic Payment for each new electronic payment.

  7. Click in the select column () next to those payments you want to process.

  8. Click Send Payments. You'll be prompted to check all payment details.

    Send payment confirmation

  9. Click Send payment. The payment portal opens, with the batch payment ready to be authorised.

  10. If you want to prepare another electronic payment file, repeat from step 3.

  11. Click Close to exit the Prepare Electronic Payments window.



What happens next?

FAQs

When will my payments be disbursed?
AddAdd

If the payment is authorised

At this time

Employee/supplier will receive the money
(if they're with a major bank)

Employee/supplier will receive the money
(if they're not with a major bank)

On a business day

Before 6:00pm 

Next business day

Second business day after authorising the payment

On a business day

After 6:00pm

Second business day after authorising the payment

Third business day after authorising the payment

On a weekend

Anytime

Second business day after authorising the payment

Third business day after authorising the payment

On a public holiday, special holiday, or bank holiday

Anytime

Second business day after authorising the payment

Third business day after authorising the payment



What if I need help making electronic payments?
AddAdd

Have a question? Need some help? Contact us or send an email to payments_support@myob.com.

What are the fees for using direct payments?
AddAdd

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