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 2020.2 and later, selected customers only - see note below).
What's the difference?
|Using a bank file||Direct payments (beta)|
- available to Australian in Australia and New Zealand customers
- both online and desktop company files
- included with AccountRight (bank fees may apply)
- internet banking required
- available to selected Australian beta customers (see note below)
- 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
|UI Text Box|
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 paymentsDirect 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.
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)
- 0.1% 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