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Electronic payments

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 AccountRight (only 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

  • available in Australia and New Zealand

  • both online and desktop company files

  • included with AccountRight (bank fees may apply)

  • internet banking required

Direct payments

  • 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

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

Setting up electronic payments

Before you can make electronic payments using bank files, you'll need to set up a few things. For all the details see Setting up electronic payments for bank files.

Making payments

Once you've set up electronic payments, you're ready to start making payments. 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.

FAQs

What are the fees for using direct payments?
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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