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Best Payment Service To Earn Points
RewardPay is a payment platform that allows you to pay your ordinary business expenses for suppliers and other institutions that don’t take credit card (or you’d rather pay by bank transfer due to excessive fees or to improve your cashflow), to the ATO for your tax bills, or for superannuation payments – and earn points.
There are a few non-points benefits too – primarily that you can use your credit card to improve your business cashflow.
Payment recipients do not need to be registered with RewardPay – but they will see ‘RewardPay’ and your reference number in the payment description in their bank account, so it’s not a completely hidden service to them.
Their Competition
RewardPay | Top Pick
B2Bpay
Payment Logic
RewardPay | Top Pick
RewardPay and American Express have teamed up to bring you this payment service. It’s extremely easy to use, just sign up (it’s free and you just need an ABN), add the BSB and account number of the supplier you want to pay and add the amount to pay. Then input your American Express credit card number and they will make the payment to your supplier.
Fees start at 2.15% + GST (1.51% after tax deductions and claiming GST assuming a 30% tax rate) so start using your everyday business spend to earn more reward points for you and your business.
Plus for larger payments they offer rates as low as 1.65% + GST.
B2Bpay
B2Bpay is a secure online payment portal for businesses to pay ALL of their invoices using their existing credit cards, whether or not the biller actually accepts credit cards. Billers receive payments by EFT or BPAY.
B2Bpay accepts all major credit cards
Payment Logic
Payment Logic was created in 2013 to help businesses make payments more effectively and profitably.
As businesses struggle to find the time to best manage their payments, they have developed the technology and process to help optimise your cash flow, maximise your loyalty rewards, and help you negotiate the best available early payment discounts for your business.
Customer Testimonials
Dr. Christopher Joseph
A friend referred me to RewardPay, as she had been very happy with their service. I have been using RewardPay for quite a few months now…
Discover Stradbroke
RewardPay is a fast, efficient way to pay our suppliers, especially the ones that don’t use credit facilities. Easy to set up and easy to use.
Kozii
I started using RewardPay in May as one of my main suppliers didn’t accept American Express, so now using RewardPay I am able to use my Amex to pay this supplier via a simple EFT payment.
Robert Harris Commercial
I am writing to confirm our recent conversation as I have been delighted with the service and benefit I have received from RewardPay.
How It Works?
YOU PAY REWARDPAY
REWARDPAY PAYS YOUR SUPPLIERS
YOU EARN MORE REWARD POINTS
YOU PAY REWARDPAY
Make all payments with your American Express card directly to RewardPay.
REWARDPAY PAYS YOUR SUPPLIERS
Your tax, bills, suppliers, super, etc., are all paid via Funds Transfer from RewardPay.
YOU EARN MORE REWARD POINTS
You earn up to 2 reward points on every $1 of business expenses, even if your suppliers don’t accept AMEX!
Why Use RewardPay
It’s free! No obligation,
and just takes a few minutes.
Enjoy the comfort of knowing that all RewardPay customers are protected by Amex Safekey fraud protection.
The RewardPay portal is intuitive and has been designed to make transacting easy.
Earn credit card reward points for every dollar you spend.
No lengthy delays in payments
reaching your suppliers.
Reduce your reliance on bank finance by utilising your credit card interest free period.
Pay your business tax through RewardPay and earn up to double rewards points compared to paying the ATO directly with your Amex.
Use RewardPay to pay your Superannuation Clearing house and earn points on all Superannuation spend.
Use an Amex Business Explorer card with RewardPay and earn up to 2 points per $ on ALL your business spend or use an Amex Platinum Business Card and earn up to 2.25 points.
Rates & Fees
Fees start at 2.15% + GST (1.51% after tax deductions and claiming GST assuming a 30% tax rate) so start using your everyday business spend to earn more reward points for you and your business.
Plus for larger payments they offer rates as low as 1.65% + GST. See table for rates:
With RewardPay you can double your points when paying the ATO through RewardPay, compared to paying with your Amex direct. If paying the ATO direct with your Amex you generally earn 0.5 FF points per $ spend, with RewardPay you can earn the below:
Amex Business Platinum you earn 2.25 MR points or 1.125 FF points per $ spend
Amex Qantas Ultimate you earn 1.25 Qantas Points per $ spend
Amex Velocity Platinum you earn 1.25 Velocity points per $ spend
Amex Business Explorer 2 MR points or 1 FF point per $ spend
So you can double your points or more by paying the ATO through RewardPay.
Common Questions
Joining RewardPay is free, quick, easy and obligation free. Just click on the sign up button at the top right of the homepage. You will need to add your ABN, business name, address, email and mobile number. It should take 5 minutes at most.
Any Australian business with an ABN.
RewardPay only accepts Australian issued American Express cards. You can use a personal or business Amex card.
ATO – to make an ATO payment you will set up the ATO as your payee. This requires their ABN (reserve bank of Australia ABN), bank account number and BSB details (Google direct credit ATO).
Once you have set them up as a payee, you enter the amount owing, EFT reference provided to you by the ATO and your credit card details. If your payment is finalised on the RewardPay portal by 5pm AEST/AEDT on a business day, the payment will be paid out by RewardPay the next business day but may not show receipt until the following business day. Please give yourself extra time if making a payment with a specific deadline i.e. ATO or Superannuation. We recommend leaving 3 to 4 business days.
To make a Super payment you set up your clearing house as your payee (not the individual super funds). You will need to have your clearing house ABN, BSB, bank account number and relevant EFT reference. You make one single payment to them. The clearing house will then distribute the funds to the individual super funds for you. (if under 20 employees and under $10mm turnover you can use the ATO super stream clearing house for free). If your payment is finalised on the RewardPay portal by 5pm AEST/AEDT on a business day, the payment will be paid out by RewardPay the next business day but may not show receipt until the following business day. Please give yourself extra time if making a payment with a specific deadline i.e. ATO or Superannuation. We recommend leaving 3 to 4 business days.
Our Conclusion
RewardPay allows you to make payments that would normally be done by bank transfer, on your points-earning credit card. They charge a fee (to the payer, not payee), which is tiered based on the payment amount for each individual transaction. The cost makes sense if you have a high-points earning card, and there are a few American Express cards and business circumstances where this approach to earning points could work if you’re a business owner.
Fernando Camacho
He is a crazy shopper, loves drinking in pubs and clubs, shopping trendy outlets online, grocery shopping to his door and catching Uber. Also dabbles in setting up online stores through eBay, Amazon marketplaces and has a marketing and commerce background.