How to pay business rent with a credit card
As any business owner knows, rent can be one of the biggest outgoing expenses.
Whether you are renting a shop, an office or a warehouse, chances are you are spending tens of thousands of dollars a year in rent.
Particularly in the major capital cities, commercial lease prices can be sky-high.
But what if you could pay for your rent using any credit card of your choice to earn rewards points?
With pay.com.au, you can.
It doesn’t matter if your real estate agent or property manager only accepts direct deposit for lease payments.
We make it easy for you to pay with a credit card and we have the lowest processing fees on the market.
Paying your business rent could lead to you laying on a beach in Western Australia.
How can you pay business rent with a credit card?
The process is simple: You make a payment at pay.com.au with any VISA, Mastercard or American Express card and we will pay your rent on your behalf.
The timing between a credit card payment made by you and receipt by the payee is typically only T+2 days.
So as long as you are on the ball with your timing, you should never be late to pay your rent.
How many points can you earn paying for business rent with a credit card?
This obviously depends on how much rent you pay, but let’s play out one example.
James runs a cafe in the suburbs or Melbourne and pays rent of $550 for a sizable space on a busy street.
That means James pays a total of $28,600 in rent each and every year to a landlord who only accepts direct deposit as payment.
James has an American Express Qantas Business Rewards card, which earns 1.25 Qantas Business Rewards points for each $1 of general spend.
By using pay.com.au to pay his rent on his American Express card, James earns 35,750 Qantas points a year.
This would be almost enough points for James to take a one-way Business Class flight from Melbourne to Perth on Qantas each year, which costs 41,500 points.
Why pay for rent with a credit card?
Free flights at the pointy end of the plane aside, paying your rent with a credit card could also reap other benefits.
You could enjoy up to 55 days interest free on your rent payments, potentially saving you money or helping with any cash flow problems your business might have.
What else can you use pay.com.au to pay for?
We don’t just allow businesses to make credit card payments for lease payments.
We can also process payments to contractors and consultants or assist in paying for other business expenses or buying business equipment.
You can even use our service to make payments for employee superannuation and pay ATO bills.
How our fees stack up
We offer the lowest fees on the market among B2B payment platforms for processing credit card payments for rent payments.
And signing up to one of our great-value subscription packages – which come with a range of other benefits – can bring those fees down even lower.
On our free base package we charge a 0.85% fee plus GST for Mastercard transactions (0.62% after tax), 1.05% plus GST for VISA (0.76% after tax) and 2.10% plus GST for American Express (1.52% after tax).
The pay.com.au difference
If low fees aren’t enough, we are also the only B2B platform that can help you along every step of the way from earning points to stepping foot on the plane.
Our paid subscription packages offer a Booking Concierge service, which can help you find and book often elusive Business and First Class seats.
Subscribers can also enjoy expert points advice, from finding the right credit card for your business to providing a personalised strategy to maximise your credit card points earn.
How do I sign up?
Just head to pay.com.au and follow the prompts to sign your business up.
You too could soon be joining our growing number of very happy customers flying at the pointy end of the plane.