Yes. Once your Billpower account is active you can sign up through your dashboard to take bank account payments using Split Payments. Go to:
Dashboard → Settings → Merchants → All Payment Gateways → Split Payments
You only have to enter a few details and your account will be activated immediately.
While other companies might have lower fees per transaction, they often have additional fees such as monthly fees or dishonour fees. We only charge $1.50 per successful direct debit transaction and have no other fees.
As soon as someone pays an invoice, you will get an automated email that lets you know that the invoice has been paid. The funds will be deposited into your nominated bank account within 2 business days.
After your initial signup, you will be contacted by Pin Payments, our payment partner who will ask for additional information to confirm your account. This information can include home address, drivers licence and a copy of a customer invoice.
Once you submit that information, it takes a few days to approve the account making it approximately a week from the initial signup until you can start taking credit card payments.
For bank transfers/EFT, you can connect to Split Payments and start accepting Bank Transfer/EFT payments immediately as there is no approval process.