PayTo is an easy way to authorise and control payments from your bank account to suppliers, merchants or businesses.
At Queensland Country Bank we are ready for PayTo, so when any of your suppliers (eg. electricity or telephone provider) offer you a PayTo agreement to pay your bills, as a Member of Queensland Country Bank, you can proceed with confidence.
Example of a PayTo arrangement:
In the past you may have had a direct debit agreement with your gym, where your monthly gym fees are transferred from your bank account to the gym. In the future, your gym may elect to stop using direct debit agreements and start using PayTo. When they do so, as a Member of Queensland Country Bank, you can say yes, and enter into a PayTo agreement with your gym.
PayTo agreements may be set up for one-time payments or recurring payments.
PayTo is still fairly new in Australia, and not many suppliers, merchants or businesses have set up PayTo yet. However, in the future we expect this to increase and when it does as a Member of Queensland Country Bank, you can enter into PayTo agreements with confidence.
To learn more about PayTo, please visit www.payto.com.au
What is PayTo?
PayTo is a fast and secure payment option. PayTo gives you more control over payments from your bank account with the ability to view and manage PayTo agreements in your internet or mobile banking.
How do I use PayTo?
You can set up a PayTo agreement using your BSB and account number, or better still, your PayID which makes it easier to set up payments on the spot.
With PayTo, you’ll have more visibility and control over your payment arrangements with a new, digital experience in your internet or mobile banking app.
You can use PayTo for all kinds of payments including recurring bills that were typically paid through direct debit, or in-app and online purchases that previously relied on a card.
Is PayTo the same as direct debit?
Direct debit is going digital. Welcome to PayTo, where you can view and manage your PayTo agreements in your internet or mobile banking app.
When your direct debits move to PayTo, you’ll have more visibility and control. PayTo agreements can be viewed and managed in your internet or mobile banking.
Is PayTo safe and secure?
PayTo is very safe and secure. Your agreements can be found in your internet or mobile banking app, so you can rest easy knowing that your information is protected by the same level of security as the rest of your banking data.