14 October 2020
An introduction to pay.com.au
Ever dreamed of taking a holiday in the luxury of a Business or First Class seat?
We have, too.
That’s why we created pay.com.au – to help business owners around Australia realise their dreams and help them on their way to a well-deserved holiday.
We aim to be the premier business-to-business payment platform in the country and help a small army of customers be rewarded for all business-related expenses and payments.
Our easy-to-use website can help your business manage all your business payments in one spot using any type of payment that suits you.
You could be checking in to an airport lounge on your way to an overseas getaway at the pointy end of the plane in no time.
What can pay.com.au do for you?
Our primary focus to start off with is to provide businesses with the best – and best value – business-to-business payment system on the market.
We allow businesses to pay for most of their regular bills using a credit card of their choice, including bills that normally have to be settled by bank transfer.
Business owners can benefit by earning credit card rewards points on all their business expenses and use them for either future business or personal travel.
There can also be cash flow benefits associated with using a credit card to pay off bills, with some business cards enjoying up to 55 days interest free.
Apart from accepting all forms of credit card payments, pay.com.au will also be the cheapest platform for business-to-business payments on the Australian market, compared to existing payment schemes.
And if you sign up with us today, you will receive 3 months of free access to premium rates reserved for priority Premium members.
How does pay.com.au work in practice?
We make it easy to earn big-value rewards.
Just take a look at the two examples below, which show the potential benefits of using pay.com.au alongside a high points-earning card like the American Express Platinum Business Card.
Case study one: Joe
Joe spends $1 million per year on various business expenses, such as ATO, rent and suppliers.
He pays $13,300 in fees (after tax) for using his American Express Platinum Business Card but earns 2.25 Membership Rewards points per dollar spent, which equate to 1.125 frequent flyer points in 10 different airline programs, including Qantas Frequent Flyer.
Therefore, each year, Joe earns 1.125 million Qantas Points, which have a monetary value of $67,500 based on a standard Classic Reward Flight First Class redemption.
By using pay.com.au, Joe is able to take his family to Europe in First Class every year
Case study two: Lauren
Lauren spends $500,000 per year on various business expenses, which include superannuation, payments to the ATO and to her suppliers.
As a result of this spending, Lauren earns 1,125,000 Membership Rewards points, which convert to 562,500 frequent flyer points.
The monetary value of these points is around $24,750 based on a standard Classic Flight Reward redemption in Business Class
By using pay.com.au, Lauren is able to cut nearly $25,000 off her business travel costs every year.
And aside from the savings in travel expenditure, there are also working capital gains to be made. While Lauren pays $9,500 in fees for the Card, which come in at $6,650 after-tax, the working capital benefits alone outweigh this cost.
Lauren has a short-term business loan facility that incurs a rate of 7%p.a. Therefore, her Amex card having an interest-free period of 55 days allows Lauren to save on interest costs, as she can keep the money that she spends on her Amex Card in an offset account for up to 55 days and reduce the interest payable on her loan facility.
Understandably, Lauren is very happy using pay.com.au and she benefits both from reductions in her business travel expenses, as well as from interest saved from her working capital.
How pay.com.au get you on your way to a holiday
New to the points-earning game?
Don’t worry, we can take away the hassle of trying to find reward seats to help get you up in the air whenever you wish.
A unique feature of pay.com.au is our end-to-end service from the moment you earn points using the platform, to the time you are ready to use them.
We offer subscribers a travel concierge service that will help you with general frequent flyer point enquiries, take the trouble out of booking frequent flyer travel with your points, and also assist you with purchasing paid travel.
We offer an initial consultation that will help you understand the potential your business has for earning frequent flyer points and help point you to the optimum cards to get you up and running.
What does it cost to use pay.com.au?
All B2B transactions will incur certain fees, depending on what credit card and platform you use.
However, we have aimed to provide the lowest fees of other comparable B2B platforms across our three account options.
|Free Account||Regular Account||Premium (Launch Offer: 3-months free!)|
|Payment Processing Fee: Mastercard||1.0%||0.9%||0.8%|
|Payment Processing Fee: VISA||1.20%||1.1%||1.0%|
|Payment Processing Fee: American Express*||2.1%||2.05%||1.9%|
* American Express fees are tiered based on payment size, down to 1.7% for payments over $1M.
Travel concierge service
Free members can access the consulting service for $990, while a basic setup is included with Regular Subscribers.
The full consulting and points concierge service is included with Platinum subscriptions.
For the Points Booking Service, free users can get assistance with international bookings for $250 each, or domestic bookings for $150.
Gold subscribers have two included bookings, while Platinum subscribers have access to unlimited bookings.
How do we stack up against the competition?
Very well, we’ll have you know.
Here is a quick comparison of what we offer in comparison to other similar platforms B2BPay, RewardPay and Payment Logic.
|All major credit cards||✓||–||–||✓|
|Seamless customer interface with accounting integrations||✓ (coming soon)||✓||–||✓|
|Travel bookings & points redemption service||✓||–||–||–|
We aim to provide the best platform on the market with the lowest fees and the best additional features.
By using pay.com.au, business owners can take charge of their payments and unlock their full points-earning potential.
They can do this all while enjoying perks such as up to 55 cash flow days and a points concierge to help them maximise their frequent flyer balances.
Our end-to-end service will deliver you a seamless travel experience, from payment to take-off.