B2Bpay - Turn your business bills into Business class flights
B2Bpay, operated by Zenith Payments, is a payment aggregator service that allows business owners to pay bills using their credit card to earn reward points.
In partnership with Qantas Business Rewards, you can double-dip earning credit card points and QBR points at the same time.
What can I pay for?
B2Bpay is useful when a supplier does not accept credit card, or has a very Amex high surcharge (2.25% or more)
Paying the ATO (get full points)
Paying office rent
Paying local suppliers
EXAMPLE:
Paying $40,000 (to anyone) with your Amex Business Platinum charge card will earn 90,000 Amex points + 400 Qantas Business Rewards points. That gives you a business class flight from Sydney to Perth or Auckland - both over $1,500 value.
WHAT ARE Payment Aggregators?
A payment aggregator is a solution to enable you to pay any supplier with a credit card, including those who don’t take cards at all. Payment aggregators are trusted businesses that work like a ‘middleman’ between you and your supplier. This can include paying the ATO to avoid the govt points trap (more on that soon), paying a local business that only accepts EFT, or when their card fee is too high.
FEATURES & BENEFITS
Pay any supplier, even if they don’t accept credit card
Earn full points on ATO, government, telco, insurance
Easy to pay recurring bills
Connect to Xero, MYOB or QuickBooks
Earn 1x bonus Qantas Point for every $100 paid (on-top of the points you earn through your credit card)
Earn up to 3 additional Qantas Points for every $1.50 spent with ‘Bonus Billers’
THE ATO SWEET SPOT
The sweet-spot for B2Bpay is using you American Express Business Platinum card to pay the tax man, earning 2.25 Amex points (1.125x airline points equivalent) for every $1 spent paying the ATO.
Learn more about paying the ATO in this free guide.
HOW IT WORKS
B2Bpay follows a simple and similar process to other payment aggregators:
LOGIN & SET UP: Set up your payment contacts, save your credit card info.
NEW PAYMENT: Enter in the details of suppliers you wish to pay (EFT or Bpay). Enter the payment reference info.
PAY BILL: Input the payment amount and select your credit card and confirm the payment.
TRANSFER: B2Bpay will process the payment and charge the total amount to your credit card.
FUNDS RECEIVED: It can take up to 3 Business Days for your funds to be EFT to your suppliers bank account.^
^The supplier receives payment from the payment aggregator.
Security note:
Payment Aggregators assist in payment security by recording the BSB/Account numbers of suppliers so that you know if you are asked to pay a new account number that might be out of the ordinary.
MORE INFO - HEAD OVER TO READ MORE - https://www.b2bpay.com.au/
Questions? asksteve@iflyflat.com.au
