Solutions > PayTo > For businesses > Use cases
PayTo provides a broad, scalable and secure solution for both customer payments, and business payments. Explore the use cases below.
AN ALTERNATIVE TO DIRECT DEBIT
Give customers an easy way to manage regular payments, like utility bills, insurance premiums, or subscription services. For your business, real-time account validation, notifications and payments can give you confidence in receiving payments, and keep business moving.
Real-time account validation and notifications may help increase confidence in receiving payments, and real-time payments processing¹ improves cash flow.
¹ Some payments may be held for additional security checks. Speak to your financial institution or payment service provider for more information.
PayTo agreements are authorised in your customers’ online banking, giving them more control over their payments.
PayTo agreements contain more information and data, supporting easy reconciliation.
AN INTEGRATED PAYMENT SOLUTION
PayTo can be used for in-app and eCommerce transactions for one-off, ad hoc or account-on-file payments. Customers can pay directly from their bank account, by using their PayID, or BSB and account number to create a PayTo agreement.
Give customers more choice and control in how they want to pay with a secure payment method.
Customers can pay directly from their bank account, using their PayID, or BSB and account number, without needing to sign up to anything new, or download another app.
PayTo can be supported by APIs, supporting easy implementation.
OUTSOURCED BUSINESS PROCESS
PayTo can help streamline payments for payroll and accounts payable. You can authorise third parties such as cloud account and payroll providers to initiate payments on your behalf.
You can authorise third parties such as cloud accounting and payroll provides to initiate real-time payments on your behalf.
Improve cash flow and management with real-time payments processing, 24/7.
Receive real-time notifications of payment outcomes, helping your business have greater payment accuracy and reduce the cost of manual handling and exceptions processing.
PAYMENT OF EINVOICES
PayTo can support einvoicing so businesses can get paid fast. Pre-authorised payments are processed in real-time, 24/7, and funds are immediately available in the recipient’s bank account.
Helping businesses get paid fast, with real-time payments processing.
Interoperability with the PEPPOL framework is supported with invoice attributes mapped to the NPP payment message, allowing for efficient reconciliation
Using PayID can help reduce fraud and mistaken payments with PayID’s payee confirmation step.
PayTo can help your business run smoother with real-time notifications, processing, and easy reconciliation.
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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