Goodbye old-school payments.
Hello PayTo
Slowed down by delayed and dishonoured payments? Spending time hunting down missing account details? Stuck in time-consuming reconciliation? PayTo gets your business moving with real-time, account-to-account payments. In its simplest form, PayTo is like a real-time direct debit, but it's so much more than that.
- Real-time check for sufficient funds
- Low fixed fee per transaction (no percentage-based fees)
- Instant settlement and clearing of funds 24/7/365
- Automatic reconciliation
- Modifiable agreements with immediate notification of changes
- Issue full or partial refunds in real-time
One-off
- Travel
- E-commerce
Ad hoc
- Investment
- Remittance
- Sports betting
Recurring
- Insurance
- Utilities
- Telco
- Streaming services
Get the lowdown.
Monoova and PayTo
PayTo is the newest type of digital payment from Australian Payments Plus (AP+), and Monoova is the most experienced PayTo provider in the country.
But what exactly is PayTo? In its simplest form, PayTo is the real-time digital successor to direct debits. It’s a modern account-to-account payment solution that delivers more security, more transparency and more successful transactions with fewer disputes. It delivers funds settled and cleared to your account in seconds for a low fixed fee per transaction.
Monoova is your PayTo go-to! As the first payments provider to deliver PayTo at scale, we’re responsible for the majority of all PayTo agreements across Australia.* Our team of experts is here to help you keep payments flowing and business on track.
*As of June 2024
The newest way to receive and pay
Cashflow
Funds received instantly, 24/7.
Reconciliation
Unique identifiers mean no orphaned payments.
Transparency
Instant notifications of payment status and agreement changes.
Security
Agreements authorised securely, minimising risk of fraud.
When push becomes pull.
Smarter than traditional direct debit
At Monoova, we're all about giving your business and your customers options. From traditional direct debit to PayTo, we've got you covered.
PayTo can be used for one-off, ad-hoc and recurring payments. It’s card-on-file payments without card surcharge. It’s direct debit with more flex and less expense, and minus the complications of dishonours and payment delays. It’s all in real time.
More than simply a smarter way to get paid, you can use PayTo to efficiently handle your own bill payments, corporate payroll and accounts payable as well.
Broaden your horizons and your payment capabilities with PayTo through Monoova’s API.
Payments with benefits for you and your customers
For business, PayTo delivers
- Real-time payments
- Instant account validation on new agreements
- Real-time sufficient funds check
- Instant notifications of payment failures and updates
- Fewer errors and exceptions
- Automated reconciliation
- Fixed fee per transaction pricing
And your customers can
- Enjoy a fee-free payment option
- Access and manage payment agreements in their existing bank apps
- Set up new payments easily
- View and track transactions
- Rely on consistent payment dates (even on weekends and public holidays)
- Avoid dishonour fees
Tony Chan
Founder and CEO
Make PayTo work for you
Issue a PayTo agreement
Customers approve agreements for one-off or recurring payments in their mobile or internet banking.
Initiate payment
Payments are processed instantly with funds made available in seconds.
Stay updated
Both you and your customers can update PayTo agreements. Both parties are notified in real-time.
When is PayTo the best payment option for you?
No either/or.
More flexible payment options with one API
It’s about the best fit for your needs. Monoova is your bridge between traditional and new payment types. Get PayTo, NPP, BPAY, direct debit and more with our secure payment API to make sure you get paid (or pay) on time, every time, and in every situation. And our team of experts are on hand to help you craft the right solution for all your business needs.
Not quite convinced?
Transition before bank transfers and direct debit are retired.
The BECS (direct entry) system has been serving us well but it is set to be retired in 2030. Now is the time to start switching your customers to PayTo and NPP. Monoova can help you make the transition smoothly.
With Monoova you can continue to offer the payment methods that your customers know and trust (e.g., direct debits and BPAY) while – in parallel – begin the work of moving to better options (e.g., PayTo and PayIDs). Move at the pace that works for you and your customers.
We know PayTo, NPP and PayIDs inside-out and will guide you through. Experts in PayTo, we're ready to help you create the best payment solution for your business.
More ways to make money move®
Auto-reconciliation
Automatic, real-time reconciliation.
PayTo
Real-time, data-rich payments on NPP rails.
Payment Solutions
Monoova’s API ecosystem enables fast and secure payments.
Monoova is your partner to make money move®
The latest on PayTo
.png)
How Australia's Payments Reforms will Reshape Insurance in 2025
How carsales and Monoova Are Revolutionising Car Payments in Australia
Key Trends in Utility Bill Payments
How to elevate your investment platform’s payment experience and Make Money Move
*Disclaimer: To the extent that the information contained above is sourced from third parties or provides link to third party websites, Monoova takes no responsibility for the accuracy, currency, reliability and correctness of any information included in the material provided by third parties nor for the accuracy, currency, reliability and correctness of links or references to information sources (including internet sites) operated by third parties. You may read our PDS/FSG for more information.