Solutions > PayTo > For businesses
PayTo can help your business run smoother with real-time notifications, processing, and easy reconciliation. It’s a fast, simple, and secure way to accept one-off, ad hoc, or regular payments directly from your customer’s bank account.
For customers, PayTo gives them more visibility and control over their money, as payments are authorised and managed in the security of their online banking.
Give customers more choice to choose how they want to pay you. PayTo lets customers pay directly from their bank account, using their PayID, or BSB and account number.
Verify your customer’s account, and take the first payment in real-time.
Get notified if a payment succeeds or fails, or when customers pause or cancel their agreement, so you can take immediate steps to retain their business.
Payments are processed fast 24/7¹, which means no pending transactions, giving you confidence your payments won’t be delayed.
¹ Some payments may be held for additional security checks. Speak to your financial institution for more information.
More information can be embedded in agreements, helping with easy matching and reconciliation in your accounting, banking or customer management systems.
Agreements are also stored digital and readily accessible.
Set up a PayTo agreement
Once you offer PayTo, customers can create a PayTo agreement for one-off, ad hoc or regular payments, using their PayID (mobile number or email address), or BSB and account number.
Customers authorise the agreement
The agreement will include all relevant payment terms such as amount, purpose, and frequency. It will appear in customers’ online banking for them to review and authorise.
Receive payments in real-time
Once the agreement has been authorised, you’ll receive payments in real-time according to the payment terms your customers have authorised.
PayTo is suitable for various use cases that can benefit you and your customers. Explore how PayTo can work for you.
To be able to offer PayTo as a payment method, you will need to be sponsored as a PayTo User. Read more here.
Already offer PayTo? Head to our portal to access marketing material that can help you promote PayTo to your customers.
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