Introducing PayID with pay.com.au

Faster, simpler payments. Now available with PayID. 

We’re excited to announce that PayID is now live on pay.com.au – unlocking a new, faster way for your business to pay suppliers, payroll, and more. If you’ve ever felt the drag of bank delays or batch payment bottlenecks, this one’s for you. 

Whether you’re sending wages or settling invoices, PayID can help you process bank transfer payments faster and unlock more reward points potential. All while keeping things secure and simple. 

Why PayID? 

PayID is a fast, secure payment method supported by most Australian banks. Instead of using BSB and account numbers, you pay to a unique email or identifier (like the PayID assigned to your pay.com.au account).

Behind the scenes, it’s a real-time bank transfer. This means faster clearances and same-day settlement.

With pay.com.au, we assign each customer a unique PayID, which means:

• No setup required 

• Immediate availability 

• Your funds are matched instantly to your account 

• Ideal for high-value, time-sensitive payments 

Key Benefits of PayID with pay.com.au 

• Faster Processing
  No more waiting 1–2 business days for payroll or critical supplier payments to clear. Funds land faster, so you stay in control. 
• Same-Day Payroll
  Pay your team today, not tomorrow. Perfect for urgent adjustments or tight payroll cycles. 
• High Bank Limits
  Most major banks support PayID transfers up to $50K–$100K per day (some even higher, like Westpac at $20M). 
• Earn Rewards on Big Spends
  Still earn PayRewards Points on every eligible PayID transaction. Including payroll and supplier payments. 
• No Setup Required
  Start using your unique PayID instantly and earn PayRewards. 
• Secure and Traceable
  Real-time, bank-grade payment security, with every transaction visible in your pay.com.au dashboard.  

💼 A game-changer for payroll 

Let’s talk payroll. One of the biggest, most frequent business expenses. Until now, some customers faced payment limits, or eligibility issues with PayTo, our previous faster-payment method.

Now with PayID, more customers can access fast, same-day payroll payments, with no waiting for payment files to clear or be authorised hours later.

Why this matters:

• Wages are rising: With the next national minimum wage increase landing July 1, 2025, payroll costs are only going up.

• Payroll is expensive: The average Aussie employee costs over $5,000 to recruit, plus salary, super, insurance, equipment and leave entitlements.

• Bigger payroll = bigger reward potential: Paying $20k, $50k or even $100k per pay run? That could equal tens of thousands of PayRewards Points. Helping you turn payroll into business class flights, luxury hotels, or gift cards for your team.

🏦 PayID Daily Limits by Bank 

You can often increase your bank’s Pay Anyone/PayID limit via online banking or by calling them – the same way you’d raise your normal transfer limit. 

⚠️ What PayID is not suitable for 

To keep things seamless and secure, we’ve limited PayID usage to real-time, direct transactions. That means PayID is not available for:

• Scheduled or recurring payments

• Payments requiring delayed or multi-step authorisation

• Payments made by Operators (non-admin users)

Have feedback? Let us know. We’re always exploring ways to expand functionality where it matters most.

🔑 Ready to use PayID? 

Log in to your pay.com.au dashboard. You’ll now see PayID available as a payment option on eligible transactions. Start sending faster payments today, with no activation or setup needed.

💡 Tip: Add your unique PayID to your accounting system or payroll provider for even faster workflow integration. 

Need help? 

Our support team is ready to help you: 

• Set up your first PayID payment 

• Understand limits and eligibility 

• Optimise your payroll workflow to unlock more points 

Written by Dan Withinshaw

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About the author

Dan is a content marketing specialist at pay.com.au who transforms complex rewards programs into compelling stories. Drawing from his Kiwi roots and global adventures, he brings a unique perspective to finding value in points redemptions. With experience in startups and scale-ups, he helps readers unlock the potential of their rewards. Outside of work, you'll find Dan producing music, mixing on the decks, and immersing himself in Melbourne's sports and music culture.