How to pay GST with a credit card and earn points

As a business owner or operator in Australia, you’re undoubtedly familiar with Goods and Services Tax (GST) – a 10% tax included in the price of most goods and services sold.

While these payments to the Australian Taxation Office (ATO) can be substantial, they’re also a sign of your business’s sales and growth.

But what if you could turn these necessary payments into valuable rewards?

With pay.com.au, you can do just that – earn credit card rewards points on your GST payments and potentially transform your business expenses into luxurious travel experiences with programmes like Qantas Business Rewards, Velocity Points, or even KrisFlyer miles.

Why use pay.com.au to pay GST with a credit card?

When you pay GST directly to the ATO with your credit card, you often get minimal rewards or none at all. Many banks and credit card providers are increasingly moving away from awarding points for payments made directly to the ATO.

Pay.com.au addresses this issue by enabling you to earn full points at your card’s standard rate for GST payments. This can potentially maximize your rewards compared to direct payments.

Benefits of paying your GST with a credit card

1. Earn rewards points: Use your points for business class flights, luxury hotel stays, or other valuable rewards that can benefit your business.
2. Cash flow management: Many business credit cards offer up to 55 days interest-free on purchases, which can help you manage temporary cash flow issues.
3. Flexibility: Using a credit card for your GST payments gives you more time to pay off the bill, potentially allowing you to prioritise other business expenses.

How many points can you earn by paying GST with a credit card?

If you’re looking to optimise your credit card rewards, paying your GST through pay.com.au offers you an interesting opportunity. With the right card, you could earn up to 1.25 points per dollar spent.

Let’s break it down with an example:

Imagine you have a $45,600 GST bill and a credit card that earns you 1.25 points per dollar. Paying through pay.com.au could net you 57,000 points. In contrast, paying the same amount directly to the ATO might earn you no points at all.

To put this into perspective, 57,000 points could get you a one-way business class flight between Sydney and Bali flying Qantas. For businesses with higher GST bills, the points could quickly add up to multiple business-class flights, upgrades, and more.

How you can maximise your business rewards

To get the most out of your business payments, consider these strategies:

1. Choose a high-earning rewards card: Look for cards that offer you the best points-per-dollar ratio.
2. Opt for a monthly pay.com.au subscription: These regular and premium subscriptions offer lower transaction fees and inclusions such as complimentary PayTravel inclusions.
3. Time your payments: If possible, schedule your larger payments when credit card bonus point offers are available.
4. Explore Point Hacks: The best guides, deals and tips for more frequent flyer points in Australia.
5. Consider different reward programs to rack up points with: Whether you prefer Qatar Avios, Qantas Points, KrisFlyer miles, or something else, choose the program that best aligns with your travel goals.

Beyond GST payments

Pay.com.au isn’t just for your GST bills. You can also use the platform to earn rewards on:

• Payments to your contractors, suppliers and consultants
• Your equipment and capital goods purchases
• Your rent payments
• Your employee superannuation contributions
• Your other ATO payments (including BAS and company tax)
• And much more

This means you can earn rewards on various business expenses, maximising your points-earning potential.

How our fees stack up

pay.com.au offers you some of the most competitive fees in the market for processing credit card payments for GST. PayRewards Points start from:

• Mastercard: 1% + GST
• VISA: 1.20% + GST
• American Express: 2.10% + GST

Plus there’s an option to add PayRewards Points to every transaction:

• Earn 1 PayRewards Point per $1 with a 1.0% ex GST fee
• Or 2 Points per $1 with a 1.8% ex GST fee

Subscribing to the Regular or Premium packages can further reduce these rates.

Is it worth it for your business?

When deciding whether to use pay.com.au for your GST payments, in always good to consider:

• The value of the rewards you’ll earn
• The fees you’ll pay
• The potential cash flow benefits for your business

For many businesses, especially those with high turnover and substantial GST bills, the rewards earned can far outweigh the fees, making it a smart financial decision for you.

Getting started

It’s easy for you to get going with making your GST payments through pay.com.au.

Simply sign up, enter your ABN and a few general pieces of information; add your credit card to the digital wallet; add your payee information and you’re ready to go.

By using pay.com.au, you can turn your necessary GST payments into a rewarding experience for your business. Start maximising your rewards today!

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