Goodbye complex account numbers.
Simplify payments with PayID
For consumers, PayIDs simplify ad-hoc account-to-account payments, offering convenience and security by allowing you to use a personal email or phone number instead of bank details when paying and getting paid.
Did you know that setting up unique PayIDs for your business gives you the same speed and simplicity, plus a bunch of extra benefits? You can introduce PayIDs to receive, reconcile and allocate funds instantly.
Other perks include:
- Real-time incoming payments for improved cashflow
- Customised PayIDs for all your customers or invoices
- Display your brand name in your payment information to build trust
- Instant settlement of funds all day, every day, at any hour, of the year
- A cost effective alternative to card payments
- Reduce fraud
- Reduce reconciliation errors
- A secure payment ID for sending and receiving payments
How our customers use PayID
PayID on invoices
Build trust and simplify payments by creating a unique PayID per invoice or customer which can be personalised and branded e.g. Mae.Smith@yourcompany.com.au. Our API identifies and matches customer payments against the amount you’re expecting to make sure it all adds up, making for clean and instant reconciliation.
PayID optimises invoicing for industries like education, telcos and insurance.
PayID at checkout
Optimise your checkout by providing customers with surcharge-free payment options in addition to traditional card payments. Low fixed fees will help you cut transaction costs. You can also, take advantage of real-time reconciliation and settlement, with refunds issued promptly back to the source account, reducing the admins hours spent managing payments.
Experience PayID’s efficiency at checkout for industries such as travel and eCommerce.
PayID for account funding
Include source-account information for added security and compliance.
Simplify account funding by providing customers a personalised ID with a surcharge-free payment option. Our API also ensures instant and seamless reconciliation with your ledger.
A great solution for subscription and account top-up payments for investments, remittance, sports betting and fintech pay-as-you-go.
Customer payments made easier
Faster payments
Use our API to pay and receive in real-time with PayID and Osko.
Enhanced security
Eliminate the need to share sensitive financial details.
Lower fees
Pay per PayID creation and transaction. No percentage fees or surcharges.
Fewer lost payments
Automatically match inbound payments to the right customer or invoice.
Simply get paid.
PayID makes payments easier
With Monoova’s API, we enable PayID for businesses. Create as many PayIDs as you need for your business and make getting paid even easier. Plus, create virtual account numbers for customers with their own PayIDs to reconcile funds instantly. Make money move to, from and between customers and suppliers in seconds.
How PayID and virtual accounts can support your business
Account top-up
Allow customers to quickly and easily top up virtual accounts on your platform with a unique PayID.
Supplier invoicing
Simplify supplier invoicing through a secure, real-time payment method using unique identifiers, reducing paperwork and processing times.
Compliance alignment
Control who can pay and receive funds to and from virtual accounts to align with your compliance obligations.
Michael Minassian
Regional Head of Consumer Business
Need virtual accounts?
Boost customer experiences with Monoova and PayID.
Let's simplify your transactions and deliver outstanding customer experiences together. Chat with one of our payments experts to enable seamless payments with PayID today.
More ways to make money move™
PayTo
Real-time, data-rich payments on NPP rails.
BPAY
Send bills, receive payments and pay suppliers.
Direct debit
Recurring and subscription pull payments.
Monoova is your partner to make money move™
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