RewardPay Alternatives

[tuan_nobel]

Just FYI, payment logic personal charges 1.3% for amex (incl gst).

 

[Franko Costa]

I had never heard of Payment Logic but had been using Sniip.

I use my Sniip to pay ATO (soemtimes BAS) and they have all been personal thus far. Is PL the same?

 

[unfunkable]

I had never heard of Payment Logic but had been using Sniip.

I use my Sniip to pay ATO (soemtimes BAS) and they have all been personal thus far. Is PL the same?

PL reminds me of reward pay - fees are very similar for business.
PL flagged my biller code straight up as a business transaction and would not process it @ the lower rate.
Sniip I tested today, let me do it at 1.5%

 

[ChrisFlyer]

I had never heard of Payment Logic but had been using Sniip.

I use my Sniip to pay ATO (soemtimes BAS) and they have all been personal thus far. Is PL the same?

PL Personal doesn't allow any ATO payments, funded by any card. PL Business does, but I believe the processing fee is higher.

 

[unfunkable]

Just got notification one of my BPAY suppliers just moved to business pricing fee's
Expecting all the other suppliers in the same group to follow suit soon.

 

[Quattro]

In lieu of creditrewards shutting up shop, anyone know a payment processor who will let you pay your car loan?

BPAY or BSB

 

[albyd]

I’m using pay.com.au and find them pretty good. You can try them out for ‘free’ (usually up to $165/month) for a month to suck it and see.

I also use sniip & have tried payment logic for the recent Amex offer. I think these two will be cheaper & have BPay only though reports are that more billers are being caught in the ‘business’ net so attract fees similar to pay.com.au who have the same rate for all billers and they have option for bank credit cards as well if you want to pay a lower merchant fee (though their points don’t go quite as far).

Just to clarify I don’t use them for car loan payments but assume if you can BPay it, it might be possible though I know there are merchants like other credit cards which are off limits. Interested in hearing back if it works though.

 

[neeyuese]

i am also using pay.com.au for more than 1 year now , around 100k per months , pretty good service but price a little bit high.

 

[albyd]

i am also using pay.com.au for more than 1 year now , around 100k per months , pretty good service but price a little bit high.

I guess the services with super low prices are going out of business as there’s no margin in it for them unless they do crazy amounts of volume.

With the introduction of enforced ‘business’ pricing, that might mean there’s less of it though hopefully less pressure on Amex to devalue points again.

 

[ChrisFlyer]

In lieu of creditrewards shutting up shop, anyone know a payment processor who will let you pay your car loan?

BPAY or BSB

I use pay.com.au to earn points by paying off my credit cards, but it only works when you fund the payment by bank transfer and then pay the 'Pay Rewards' fee. The earn on these payments is the same regardless of membership tier, so you can do it with the free membership. However, you might need to check the list of prohibited payments to see if home or car loans are different and prohibited. I get the sense that you also wouldn't be able to pay them by card, but may be okay if you do bank transfer and earn Pay Points on that. You basically end up paying 1.98% incl GST to earn 2 Pay Points per $1, and then 2.5 Pay Points = 1 point with Qantas, Velocity or KrisFlyer. You can hold out for a transfer bonus though - they had a recent bonus of up to 25% with Qantas (which effectively made it 2.5 Pay = 1.25 Qantas, or 2:1) which makes the cost per point a little more palatable (1.98c per actual frequent flyer point).

 

[Franko Costa]

That's still expensive for Qantas points. You can buy them on ozbargain forums for $0.01 per point

 

[ChrisFlyer]

That's still expensive for Qantas points. You can buy them on ozbargain forums for $0.01 per point

Yeah, I wouldnt be buying points on OzBargain and putting my entire balance of points at risk, along with my status and lifetime status credits. Happy to pay a moderate amount more and earn them legitimately. Each to their own, though.

 

[Bell21]

It's been a little while since I've reviewed my strategy in the 'rewards pay alternative' game for payments I typically can't make direct on my cards ---

1) I use Beemit for anything via BPay - for those of you paying huge tax bills, I know that won't work, but it's hard to resist the lure of cheap points if the $2K limit per day isn't too annoying

2) Anything on BPay, I can't be bothered to use Beemit for, it's AMEX via Sniip (I hadn't really looked at payment logic, but its business pricing is higher than Sniip, given thread above)

3) Anything else goes on to Dragon via YP (even at 1.25%, that still feels just acceptable)

Thoughts? (btw, once Sniip does BSB payments, there won't be option 3) anymore)

 

[daft009]

It's been a little while since I've reviewed my strategy in the 'rewards pay alternative' game for payments I typically can't make direct on my cards ---

1) I use Beemit for anything via BPay - for those of you paying huge tax bills, I know that won't work, but it's hard to resist the lure of cheap points if the $2K limit per day isn't too annoying

2) Anything on BPay, I can't be bothered to use Beemit for, it's AMEX via Sniip (I hadn't really looked at payment logic, but its business pricing is higher than Sniip, given thread above)

3) Anything else goes on to Dragon via YP (even at 1.25%, that still feels just acceptable)

Thoughts? (btw, once Sniip does BSB payments, there won't be option 3) anymore)

I've asked for the lower YP rate which doesn't earn their bonus points. 1.1% Inc GST now, rather than 1.2%

 

[Franko Costa]

YP = YakPay

Sorry I'm slow

 

[ninja-tim]

So if you have a personal amex plat card, how does Sniip know what is personal vs business payment?
If you are regularly doing 6 figure monthly payments on the personal card, would that eventually flag it on their end?

 

[Bell21]

I've asked for the lower YP rate which doesn't earn their bonus points. 1.1% Inc GST now, rather than 1.2%

Good work

 

[daft009]

So if you have a personal amex plat card, how does Sniip know what is personal vs business payment?
If you are regularly doing 6 figure monthly payments on the personal card, would that eventually flag it on their end?

I believe SNIIP is still going by if you amex is a personal card, or amex business card to determine the surcharge charged
not the value of the transaction

 

[ninja-tim]

I believe SNIIP is still going by if you amex is a personal card, or amex business card to determine the surcharge charged
not the value of the transaction

Hmmm, so the they don't go by the biller code? because previous post said PL can go by biller code too.

Currently using a Wholesaler Amex card charging 0.95% with a 1 point/$1 earn rate and 3:2 transfer rate to QF and 2:1 rate to SQ (was 3:2 before July 22). Now they are increasing the surcharge to 1.25% and that's a 46% devaluation of my SQ points in 12 months. So looking for an alternative card/method to pay my wholesaler bills.

 

[unfunkable]

I think SNIIP go by biller code.