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 fileCreate a bank file from AccountRight then upload it to your bank for processing. 
Direct paymentsPay directly from AccountRight (2020.2 and later, selected customers only - see note belowonly available if you're already set up for this feature – we're no longer taking new applications). 
What's the difference?| Using a bank file | Direct payments | - available in Australia and New Zealand
- both online and desktop company files
- included with AccountRight (bank fees may apply)
- internet banking required
| - available to selected Australian customers (see note below)
- online company files only
- MYOB fees apply (see FAQs below)
- internet banking not required
- can pay expenses via credit card or Mastercard debit card
- streamlined payment process
- less data entry = fewer mistakes!
- additional security
- full payment audit trail
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| Direct payments availability This feature is being launched in Australia throughout June & July 2020 and we'll be making it available for one group of accounts at a time. Until early July, only businesses registered as Sole Traders with the Australian Business Registry will be able to apply. From early July onwards, both Sole Traders and Companies will be eligible to apply.Only businesses that are currently set up for direct payments can use this feature. We're no longer taking new applications. |
Setting up electronic paymentsBefore you can make electronic payments using your chosen methodbank files, you'll need to set up a few things. Set up For all the details see Setting up electronic payments for bank files. Set up for direct paymentsMaking paymentsOnce you've set up electronic payments, you're ready to start making payments using your chosen method.. If you're set up for bank files see Making electronic payments with a bank file. If you're already set up for direct payments see Making electronic payments directly. | HTML |
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<h2><i class="fa fa-comments"></i> FAQs</h2><br> |
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| title | What are the fees for using direct payments? |
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| 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
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