Payment Solutions and Billing

BPAY Biller Facility

A BOQ BPAY Biller facility is recommended for all business customers needing to collect payments on invoices issued.

BPAY Benefits

• Cleared funds overnight, with no chance of dishonoured cheques
• Same day value for all payments received
• Assists you in the reduction of late payments from your customers
• Reduces your accounting requirements 
• Customers can pay from their transaction or savings account, cheque account or credit card
• Daily payment files, allowing for easy reconciliation of funds and payment information with no associated charge backs
• Makes life easier and more convenient for your customers by allowing them to pay bills at any time via internet or phone banking

Direct Debit Facility

A Direct Debit facility is recommended for business customers who need to collect payments direct from customer bank accounts.

Direct Debit benefits

• Reduced administration time as the creation of an electronic file is generally more efficient than the handling of cheques or other bank deposit methods
• Reduced transaction fees compared to the cost of accepting and clearing individual customer cheques and credit card payments
• Improved cash flow as you receive payments quicker with fewer outstanding debtors
• No special software required as files can be created via BOQ Internet Banking

Direct Credit Facility

A Direct Credit facility is recommended for all business customers who need to cut down on paperwork when dealing with salary or creditor payments.

Direct Credit benefits

• More convenient for the beneficiary as payment is received as clear funds
• More cost effective than issuing cheques
• Saves time as payment files can generally be created by most accounting and payroll software
• No special software required as files can be created via BOQ Internet Banking

Ready to apply?