A lower-cost way for trades to get paid on the job

Trades invoices are often larger than retail transactions — a plumbing callout, an electrical job or a renovation quote can run into the thousands. Because merchant fees are usually charged as a percentage, a higher job value means a higher dollar amount lost to payment processing.

Mobile EFTPOS terminals let tradies take card payment on-site once a job is complete, but they carry the same underlying merchant fee as any other card transaction, plus the cost of the terminal itself.

Many trades invoice after the job, rather than collecting payment on-site. A payment link attached to that invoice lets the customer pay immediately from their phone, without a terminal being present.

For larger jobs that involve a deposit and a final payment, PayTo allows a customer to authorise payment directly from their bank account for each stage, without the business paying a percentage-based card fee on top of an already substantial job value.

A real-time account-to-account payment confirms immediately once authorised, which can reduce the back-and-forth of confirming whether a payment has cleared before starting the next job.