Goodbye old-school payments.
Hello PayTo
Slowed down by delayed and dishonoured payments? Spending time chasing missing account details or reconciling transactions?
PayTo keeps your business moving with secure, real-time account-to-account payments. Whether you choose to integrate via API or use the Monoova Client Portal, PayTo gives you greater speed, visibility and control over how you receive payments.
- Real-time verification of payment outcomes
- Instant settlement and clearing, 24/7/365
- Low fixed fee per transaction (no percentage-based fees)
- Automatic reconciliation
- Real-time visibility of Agreements and payment requests
- Retry failed payments immediately due to insufficient funds
- Customer-authorised Agreements for enhanced security
- Set and forget recurring payments with PayTo Scheduler
- Available via API or the Monoova Client Portal
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.
Choose the access method that works for your business – integrate via API or manage PayTo directly in the Monoova Client Portal.
Set and forget recurring payments
Automated PayTo schedules
Say goodbye to manually triggering recurring PayTo payments by scheduling recurring payments in advance.
Eliminate the administrative burden of maintaining a schedule and let Monoova do the heavy lifting for you. Monoova’s API integration initiates the payment according to your schedule, complying with the conditions of the agreement, and all without interrupting your customer experience.
Add schedules to new or existing PayTo agreements with no other changes to the agreement or customer experience.
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
- Reduced administrative burden in pay cycles
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?
PayTo API
More flexible payment options with one API
Integrate PayTo directly into your platform with our API for automated payment workflows.
PayTo Client Portal
Manage PayTo without API integration
Access PayTo through the Monoova Client Portal to create Agreements, initiate payments and manage your PayTo activity - all from one intuitive interface.
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.
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*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.