Payment Solutions and Billing

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.

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 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 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