BPAY - Better for business

Now in its 10th year, BPAY is the most popular bill payment service in Australia. Last year, Australians made 171 million BPAY payment worth more than $10 billion, giving credence to Australia's reputation as an early adopter of IT.

The BPAY logo is now considered one of the country's most recognised brands, with its characteristically bold 'B', which symbolises ease, convenience and security.

Additionally, Australians are looking for opportunities to make more ecologically sound choices. BPAY is an enabler for better environmental outcomes.

As a result of customer demand for convenience and control, thousands of businesses in Australia now offer BPAY as a payment option for their customers. Over 15,000 bills can now be paid through BPAY.

How BPAY can benefit your company

BPAY is an efficient and user-friendly solution for payment collection that provides benefits for both billers and customers.

• Improve your cash flow

  Manually processed payments or those in transit can significantly reduce the cash position of your business. Not only can BPAY help to increase cash flow, depending on your current payment collection method, it can assist in decreasing collection costs and reduce administration time.

• Access cleared funds

  Every business banking day, all payments (online and phone) will be deposited to your nominated account by your participating financial institution.

• Easy Reconciliation of payments

  Daily payment files are provided allowing for easy reconciliation of funds and payment information.

• Treat your customers

  BPAY will also make life easier and more convenient for your customers. With BPAY, standing in queues and posting cheques can become a thing of the past. Your customers can pay your bill with just one phone call or during one internet banking session. They can choose to pay from their cheque or savings account or, if you give them the option, their credit card account^*.

Offer 'green' option:

• Not only does BPAY enable your customers to make a 'greener' choice, but with an increasing demand for organisations to demonstrate accountability beyond financial performance, the BPAY service can contribute to the practice of a sustainable environmental policy.