Simply register as a biller with your Financial Institution, then add the BPAY logo, Biller Code and Customer Reference Number to every bill you send.
When a customer pays by BPAY, you’ll have the money in your account on the next Banking Business Day^, together with an electronic payment file for easy reconciliation.
Settlement occurs at the end of each Business Banking Day^. BPAY processes the file containing the payer details and sends a report to its Financial Institution members.
Your Financial Institution sends you a customised payment information file, with everything you need to update your receivables system and keep track of payments.
^ Banking Business Day means a day on which banks in Sydney or Melbourne are able to effect settlement through the Reserve Bank of Australia.