Billr - New competitor for bill payment

[Ansett Nostalgic]

Make Business Bills Rewarding - Billr

Maximise cashflow & earn more frequent flyer points. Billr lets your business use a credit card even where it usually isn't accepted. Make your business payments rewarding with Billr!

billr.com.au

Will be interesting to see how their offering compares to Sniip and PaymentLogic. More competition has to be a good thing though.

 

[daft009]

Pay.com.au is cheaper if you have a large $ volume and can justify their monthly fees

 

[andyrb]

Our launch fees are competitively priced at 2.1% for Amex and 1.6% for Visa and Mastercard.

Well, that's me already out. I use Sniip for paying rent and for bills where Amex isn't accepted, and their rate is better. So I'd hardly call this new offering "competitive".

 

[albyd]

I use Yak Pay. They’re about where everyone else is for Amex but much less expensive for MC/Visa.

Pricing | Yak Pay

Yak Pay

www.yakpay.com

They do charge extra for ‘Premium’ cards. Prob just a matter of checking in with them first to see what your card’s classification. The surcharge only applies to MC.

 

[flyguy77]

Pay.com.au = Pointhacks (owner)

Billr = Flighthacks (owner)

Seems like the 'hack' here is making money by operating one....

I'd say for most people using these processors they end up paying more in fees than the value they get in return - or borderline at best.

 

[serfty]

I'd say for most people using these processors they end up paying more in fees than the value they get in return - or borderline at best.

Everyone should do their their own sums ...

 

[albyd]

Agree, there are alot of businesses springing up promising points for Aspirational travel all while you're spending what you theoretically usually do. The handling fees are pretty hefty. Yes, if you can redeem, you can effectively buy the travel less cheaply than the cash asking price but finding the redemption might be the challenge (I guess that's something to tell the "punters" about later).

I wonder how these changes if they become law will impact this type of business and Rewards CC's in general in the AU market. I understand these costs which either the merchant or the consumer pays are what funds the points.

My understanding of EU CC's is they no longer have rewards schemes of note as interchange is basically nil so these "reward" schemes can't be funded. I'll stop my rant here and share the article that's got me thinking. Interested in any thoughts in relation to this and to set me straight if I'm going down the wrong path in my thinking - I won't get offended.

Card payment surcharge billions under RBA microscope

The RBA has brought forward an inquiry into card payment costs amid increased political scrutiny of the estimated $4 billion that Australians pay in fees each year.

www.afr.com

I think AFR sits behind a paywall now so might need to submit this as a PDF.

 

[oz_mark]

It was the RBA that opened up the whole surcharging genie.

 

[albyd]

Hopefully they shut it down again and leave interchange where it is. I guess we'll see especially with an election coming in less than a year ...

 

[Situation]

Pay.com.au = Pointhacks (owner)

Billr = Flighthacks (owner)

Seems like the 'hack' here is making money by operating one....

I'd say for most people using these processors they end up paying more in fees than the value they get in return - or borderline at best.

.

 

[Situation]

Pay.com.au = Pointhacks (owner)

Billr = Flighthacks (owner)

Seems like the 'hack' here is making money by operating one....

I'd say for most people using these processors they end up paying more in fees than the value they get in return - or borderline at best.

It's just another desperate attempt to make money doing something that's already been done better by many. They come and go.

140k fake followers on a failed travel hack instagram account (Flight Hacks) to boot.

The creator must have a hard working partner or a trust fund to keep him afloat. Otherwise he'd be working at kmart by now.