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Supported Payment Methods for Volopay Australia Accounts

For Australia Accounts

Gil Patindol avatar
Written by Gil Patindol
Updated over a week ago

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Regional Availability: Australia


Overview

Understanding the supported payment methods for bill payments in Australia is essential for ensuring timely and efficient transactions. By knowing the available options—such as Local Bank Transfer, NPP, BPAY, and SWIFT—you can choose the most suitable method based on speed, cost, and vendor requirements. This helps streamline your payment processes, avoid delays, and maintain strong relationships with suppliers.


Supported Bill Payment Methods in Australia

Volopay supports multiple payment methods in Australia to give you flexibility and efficiency when paying vendors:

  • Local Bank Transfer

  • Standard domestic transfer. It's the fastest and most cost-effective method for local payments, especially for smaller amounts. The full transaction amount is received by the beneficiary without deductions.

  • New Payments Platform (NPP)

  • Real-time payments available 24/7.

  • Transfer up to 10 million AUD

  • Settles within the same day

  • Supports PayIDs such as email, mobile number, ABN, or organisation ID

  • Fee is 1 AUD

  • BPAY

A widely accepted bill payment method used by many Australian businesses.

  • Settlement within the same day

  • Payment limits depend on the biller’s settings

  • Requires Biller Code and Customer Reference Number (CRN)

  • Fee is 1 AUD

  • SWIFT

Used for international payments or when required by the vendor.

  • Higher fees and longer processing times

  • More secure and ideal for large-value transactions

Two payment options:

  1. SWIFT Ours – Sender pays all bank fees; vendor receives the full amount

  2. SWIFT Shared – Vendor bears receiving bank charges; amount received may be less than sent.

Choosing the right payment method ensures timely delivery of funds and helps maintain smooth vendor relationships.


How to Make Payments Based on the Preferred Method

For Local Bank Transfers and SWIFT payments:
Please follow the step-by-step guide in this article: Overview of Vendors in Bill Pay

For NPP and BPAY payments:

  1. Create a new vendor configured for either NPP or BPAY.

  2. Select the appropriate payment method.

  3. Add the required details:

    • For NPP: Enter a valid PayID (email, phone number, ABN, or Organisation ID).

    • For BPAY: Enter the Biller Code and Customer Reference Number (CRN).

Once configured, all bills linked to that vendor will automatically use the selected payment method by default.

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