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RewardPay

By RewardPay

3 min read

How to turn your business tax bill into Qantas Points

Most savvy business owners turn their everyday expenses into upgrades and flights by making payments with points-earning credit cards. Businesses can use platforms like RewardPay to make payments to suppliers and institutions which don’t accept credit cards – especially American Express credit cards. By linking their RewardPay and Qantas Business Rewards accounts, they can ‘double […]

Most savvy business owners turn their everyday expenses into upgrades and flights by making payments with points-earning credit cards.

Businesses can use platforms like RewardPay to make payments to suppliers and institutions which don’t accept credit cards – especially American Express credit cards.

By linking their RewardPay and Qantas Business Rewards accounts, they can ‘double dip’ on rewards, earning once on their American Express card and earning a second serve of points through Qantas Business Rewards.

What is RewardPay?

RewardPay is an online payment platform allowing business-to-business users to accept and process transactions made with credit cards. In short, it allows you to use points earning credit cards on payments that’d typically be done by bank transfer.Read article

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Video of Steve Hui. CEO of iflyflat recommends RewardPay.

RewardPay has been up and running now for around a year and is aimed at SMEs who want to pay suppliers by credit card – and at that, with American Express cards only. In short – RewardPay allows you to make payments that would normally be done by bank transfer, but on your points-earning credit card […]

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RewardPay

Frequently asked questions

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RewardPay allows Australian businesses to pay a wide range of expenses – including suppliers, payroll, superannuation, ATO tax obligations, rent, contractors, marketing, food and beverage, utilities, equipment and accounting costs. Suppliers receive funds directly into their Australian bank account. Payments to individuals or organisations without an active ABN, and overseas recipients, are not permitted.

RewardPay offers three tiers. The Free tier has no platform fee – you only pay a processing fee per transaction (Amex from 2.10% ex GST, Visa/Mastercard 1.25% ex GST, Bank from 0.50% ex GST). The Silver tier is $79/month with slightly lower Amex rates. The Gold tier is $159/month with RewardPay’s best Amex rates starting from 1.90% (ex GST). All platform fees are billed 3 months in advance. Processing fees are a deductible business expense – consult your accountant for advice specific to your situation.

Signing up is free and takes less than 5 minutes. Go to rewardpay.com.au and click Sign Up. You will need your ABN, business name and address, email address, and mobile number. Once your account is created, you will need to verify your identity before making your first payment.

How to turn your business tax bill into Qantas Points | RewardPay