This month many small business owners are recovering from post-Christmas financial hangovers with extra expenses and delayed invoice payments. SME’s across the country are looking at ways to boost cash flow and streamline processes to help fuel successful growth in the year ahead.
There are some fantastic tools and rewards for Australian businesses to start taking advantage of this year particularly for those looking to travel more.
Online payment platform B2BPay in partnership with Qantas Business Rewards is helping Australian businesses save time, boost cash flow and turbo charge rewards points.
The new payment platform which allows SME’s to pay and receive payments online via credit card is revolutionising the way businesses manage payments and maximise rewards. In addition to earning businesses points, B2Bpay helps businesses boost cash flow through enabling them to utilise their credit card’s interest-free period before paying off their card balance, rather than having the funds leave their account immediately when paying by EFT.
Over 5,000 customers used the B2Bpay platform last year and with more Australian businesses looking to take advantage of credit card rewards there’s no sign of the growth slowing down.
“B2Bpay is a fantastic tool for Australian businesses big and small to take advantage of in 2019,” says Kevin Butler, General Manager of Zenith Payments.
“For many small business owners travelling business class could seem unobtainable but with B2Bpay it’s possible to fly business class anywhere in the world, simply by using points earnt from paying bills. A business paying $20,000 in expenses per month, or $240,000 per year, for example can attract around $17,000 in potential value this year.”
Alissa Light of Tooradin Bakery in Victoria has already built up hundreds of thousands of points over the last six to seven months alone, despite the fact that most of her suppliers don’t themselves accept her American Express card. Thanks to B2Bpay, she’s already had one holiday and booked a second.
“We’ve already flown first class to Singapore, and now I’ve just booked our next trip to Europe, where we’ll be flying business and first class. I haven’t had to pay for flights, I’ve redeemed them through my points,” she said.
“I’d never flown first class before – my first first class trip was thanks to B2Bpay. Without B2Bpay, I wouldn’t be able to go gallivanting around overseas!”
B2Bpay can be used to pay all billers by credit card, including those who don’t directly accept credit cards. It allows SMEs to offer online payments via their own branded B2Bpay solution, allowing their customers to pay online by credit cards, without the SME having to get a merchant facility. B2Bpay also allows businesses to earn full credit card points when paying the ATO, insurance and telcos, and keeps all business bills together in one place.
B2Bpay is available to businesses across Australia. For more information and to take advantage of the B2Bpay portal when paying your tax this year visit http://www.B2Bpay.com.au
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