0
Skip to content
Exit

More products

There are many Payables and Receivables products. The most commonly used payments available in CommBiz are:

  • Direct Credit
  • BPAY®
  • Direct Debit
  • Priority Payments

Click on each client to find out which products they use and how it helps them in their business.

Making payments

dialog start

My business is like most. To make payroll payments I use CommBiz as a payment channel for Direct Credit.

Direct Credit allows me to pay one or many people in a single transaction. Employees who have CommBank accounts get their pay immediately; payments to other financial institutions are sent throughout the day.

From time to time, I need to pay someone urgently. Priority Payments allows me to pay a nominated account at any financial institution in real time (within about an hour).

dialog end

Receiving payments

dialog start

Click each button to learn about Receiving Payments - BPAY and Receiving Payments - Direct Debit.

dialog end

BPAY – receiving payments

dialog start

Using BPAY means that I can allocate unique Customer Reference Numbers (CRNs) to each of my customers so I can easily identify them when they make a BPAY payment.

BPAY allows our customers to pay their bill at a time determined by them. They log into their payment channel and make a payment using our unique identifier (Biller Code) and we receive funds that we can easily reconcile.

Direct Debit – receiving payments

dialog start

We now have 25 gyms around Australia. Our 25,000 members pay the same fee every month so we use Direct Debit.

This makes it possible to receive the recurring payments from our customers as well as helping us control when we receive the funds.

We chose CommBank because their Direct Debit system credits the funds to our account on the same day. Other banks may hold funds for up to three days.