B2Bpay fees replace your traditional credit card fees but with a wealth of benefits
A common misconception about B2Bpay is that our fees are added on top of your credit card processing fees. When in fact credit card processing fees are covered by the fees charged by B2Bpay.
Instead of paying fees to a third party without any added benefit, we collect these fees ourselves. This allows us to offer you a variety of rewards, including friendly local service, Qantas Points, payment security and more.
B2Bpay Fees Explained
At B2Bpay, we don’t charge any setup fees or ongoing fees—there’s only a processing fee when you make or receive payments through your account.
It’s important to highlight that all these processing fees are tax-deductible, and we provide you with easy access to tax invoices.
Since the fee structures for making and receiving payments differ, we give you the flexibility to choose how these fees are organised as a business owner.
Receiving Payments
Many of our customers find it useful that when receiving payments through B2Bpay, you can choose whether to charge processing fees to your customer or absorb them as a business cost.
This feature offers you greater flexibility compared to other payment solutions available in the market, which can not only boost your bottom line but improve sales conversions.
You can find out more about receiving payments here.
Making Payments
When making payments through B2Bpay, we charge processing fees that vary depending on the card type. These fees are all tax-deductible. You can learn more about these fees and the deductible amounts below, or visit the Making Payments page here.
- Card Payments
- Visa / Mastercard standard cards – 1.2% (after company tax deduction: 0.84%)
- Visa / Mastercard premium and corporate cards – 1.55% (after tax deduction: 1.09%)
- American Express cards – 2.25% (after tax deduction: 1.57%)
- Points Accelerator PLUS – +1.7% (after tax deduction: 1.2%) on top of the card processing fee.
- Bank account payments
- Bank Accelerator 0.65% (after tax deduction: 0.46%)
- Bank Accelerator PLUS – 1.87% (after tax deduction: 1.32%)
Excludes GST
Replacing Processing Fees With Benefits
The best way to understand the B2Bpay platform is to recognise that, instead of gaining nothing from your card processing fees, you have the opportunity to turn your ordinary business transactions into rewards.
Here are just a few tips that highlight how you could use B2Bpay effectively to get the most out of your business.
On-shore personalised service
At B2Bpay, we take pride in being 100% Australian-owned and operated. Our friendly customer success and sales teams are based locally, ensuring that every B2Bpay business receives dedicated support from a Business Development Manager (BDM) who is available to assist with any queries, concerns, or requests.
Our main goal, as well as that of your BDM, is to provide you with personalised service and to make the implementation of B2Bpay as seamless and beneficial for your business as possible.
Additionally, all our support staff and call centers are located in Australia. This ensures that, in the event of any issues, you can count on receiving quick and reliable support right here in Australia.
Accounting software integration
With B2Bpay, our goal is to provide businesses with a better and more rewarding way to make and receive payments. That’s why we integrated with the three major accounting software companies: MYOB, Xero and Quickbooks.
Users of these platforms can quickly connect B2Bpay to their accounting software, enabling them to accept card payments directly from invoices. They can also enjoy automatic reconciliations and view all invoices within B2Bpay.
If you don’t use MYOB, Xero or Quickbooks, you can still implement B2Bpay into your business. Any of our BDMs would be more than happy to run you through how this works – simply get in touch.
All your bills in one place
With B2Bpay you get access to a secure online portal that stores all of your business bills, so they can be paid quickly and seamlessly. This also includes auto bill importing and recording with MYOB, Xero and Quickbooks.
Once you have registered with B2Bpay and connected your accounting software you can easily set up payment for automation, one-off or future-dated instances.
This feature not only saves you time, but it also ensures you earn a return on all business bills and never miss an opportunity to accumulate points.
Industry leading cyber security
- Does not collect or store full card numbers
- Utilises card tokenisation for maximum security
- Is PCI Data Security Standard compliant
- Uses SSL (Secure Sockets Layer – https)
- Utilises merchant facilities provided by ANZ
- Is data encrypted
You can learn more about the security features of B2Bpay in our comprehensive blog
Don’t pay unnecessary credit card processing fees
We take pride in how we structure our business model, thanks to the fees we charge. Instead of absorbing credit card processing fees, you can take advantage of a more profitable way to make payments.
How profitable, you ask? In 2018, B2Bpay was included in a case study conducted by Deloitte that analysed the return on investment from using our online payment platform.
The study revealed that by paying all business expenses through our platform, small and medium-sized enterprises (SMEs) could gain significant value, potentially equating to about 7% of their total expenses.
Don’t miss out on the opportunity to replace credit card processing fees with valuable business benefits. Contact our team today!
Updated: November 2024
