Pay by Bank doesn’t mean losing out on points! You can choose to top up points in a low cost way. Add Qantas Points, Velocity Points, ALL Accor Reward points, Luxury Escapes Société Points or all 4 when paying other business payments through RewardPay.
Get StartedHere’s an example of how it works: Pay $100,000 in expenses, like payroll, using Pay by Bank with RewardPay. Add Velocity Points to the payment with 1 Velocity Point per $1 for a 1.8% rate — turning a cost that usually earns nothing into 100,000 Velocity Points. That’s enough for a one‑way business‑class flight to Asia, or a return business‑class flight to New Zealand — simply by paying wages you already have to pay. Same payroll. Real airline rewards. That’s making pay‑by‑bank work harder. Get the simplicity and lower cost of direct bank payments, while still earning Partner Points on every transaction — so you're not choosing between saving money and earning rewards. You can have both. It’s the perfect way to earn rewards even when you’ve reached your credit limit or just want to top up your points.
Use Pay by Bank and choose to earn Qantas Points, ALL Accor Reward partner points or Velocity Points with every payment.
Avoid card processing fees and keep more of your money working for your business on every transaction.
Pay large supplier invoices without bumping up against card limits — bank payments let you move the funds you need, when you need them.
Pay directly from your account balance and keep a clear picture of your business cash position in real time.
Use Pay by bank when you want to use your banks funds to make a business payment and choose to earn Rewards partner points like Qantas Points, ALL Accor Reward Points or Velocity Points
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Select Pay‑by‑Bank at checkout and Receive your unique RewardPay payment reference
Step 01
Transfer funds from your Australian bank account
Step 02
RewardPay pays your supplier
Step 03
Partner Points are credited to your linked account
Step 04RewardPay turns everyday business expenses into high‑value rewards while providing the trust, reliability, and performance needed for commercial payments.
A decade‑long partnership with American Express, now operating across both Australia and New Zealand.
RewardPay works with and is recognised by major payment networks and loyalty brands including American Express, Visa , Mastercard, Qantas, Virgin, Accor and Luxury Escapes.
RewardPay processes millions of dollars in business payments every month through a PCI‑compliant, encrypted platform, ensuring safe, fast, fraud‑resistant transactions for businesses of all sizes.
RewardPay’s easy, intuitive payment portal is built specifically for small business owners, with an Australian based support team always ready to help.
AMEX fee from 2.15%
Mastercard fee from 1.25%
Visa fee from 1.25%
Bank Payment from 0.5%†
AMEX fee from 2.05%
Mastercard fee from 1.25%
Visa fee from 1.25%
Bank Payment from 0.5%†
AMEX fee from 1.90%
Mastercard fee from 1.25%
Visa fee from 1.25%
Bank Payment from 0.5%†
RewardPay processing rates may be tax deductible for businesses - please consult your accountant • *Quarterly billing in advance • No early exit • Cancel anytime, access until current quarter ends • ^First 30 days free – new sign-ups only • †Minimum rate based on loyalty partner selected at checkout
 Qantas Points | 1 point per $4(0.50% + GST) | 1 point per $2(0.99% + GST) | 1 point per $1(1.80% + GST) | 2 points per $1(3.6% + GST) |
 Velocity Points | 1 point per $4(0.50% + GST) | 1 point per $2(0.99% + GST) | 1 point per $1(1.80% + GST) | 2 points per $1(3.6% + GST) |
 ALL Accor Reward Points | 1 point per $2(1.80% + GST) | 1 point per $1(3.60% + GST) | ||
 Luxury Escapes Société Points | 3 points per $1(1.64% + GST) | 6 points per $1(3.28% + GST) |
Pay-by-Bank lets you pay your suppliers directly from your Australian bank account, with the option to select a loyalty partner and earn tier at checkout to earn points on your payment. You transfer the payment amount (plus RewardPay’s fee) to RewardPay via bank transfer (BSB + account number) or PayID using a unique reference for each order. RewardPay then pays your supplier directly into their bank account.
Yes. One of the key benefits of Pay-by-Bank is that there are no card limits to worry about. You can pay large supplier invoices directly from your bank account without being restricted by your credit card limit, while still choosing to earn loyalty partner points at checkout.
Pay-by-Bank payments must be funded from an Australian bank account using either a bank transfer (BSB + account number) or PayID. Payments received from overseas bank accounts will be refunded. Standard RewardPay payment restrictions also apply – refer to the RewardPay Terms & Conditions for the full list of eligible payment categories.
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