Making electronic payments

https://help.myob.com/wiki/x/9wK0Aw

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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.

Direct payments

Pay directly from MYOB (selected customers only - see note below).

What's the difference?

Using a bank file

Direct payments

available in Australia and New Zealand
both online and desktop company files
included with MYOB (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
streamlined payment process
less data entry = fewer mistakes!
additional security
full payment audit trail
earn points each time you pay an eligible business expense using your credit card (VISA and Mastercard)
may qualify a new business for the Small Business Digital Adaptation Program rebate (Vic only - $1200)

Direct payments availability 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. Take a look at Setting up electronic payments for all the details.

Making payments

Once you're set up, you're ready to start making payments using your chosen method. For all the details, see Making electronic payments.

FAQs

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

Related topics

Page tree

Using a bank file

Direct payments

What's the difference?

Setting up electronic payments

Making payments

FAQs

What are the fees for using direct payments?

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