Payment Solutions and Billing

Process your payments quickly and easily

Whether you need to offer customers a range of payment solutions or you need to process a large volume of transactions, BOQ has a payment solution to suit your business. 
Our BPAY Biller facility, direct credit and direct debit facilities are designed to process your payments quickly and easily.

 

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BPAY Biller facility 

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

 

Benefits include

  • 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 transactions or savings accounts, cheque accounts 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.

 

Benefits include

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

 

Benefits include

  • more convenient for the beneficiary as payment is received as clear funds
  • more cost effective than issuing cheques
  • saves time as payment file can generally be created by most accounting software
  • no special software required as files can be created via BOQ Internet Banking

 

Enquire now

Contact your local branch to discuss payment solutions for your business.