25th September, 2023
To celebrate the launch of PayPal and PayPal Pay in 4 as an MYOB online payment option, we’re giving you the chance to supercharge your business with 1 of 6 AU $20,000 cash prizes to win, thanks to PayPal!
With online invoice payments, you can help your customers pay you up to 3x faster** with VISA, Mastercard, AMEX, BPAY, Apple PayTM, Google PayTM and now PayPal and PayPal Pay in 4.
Give your customers more ways to pay, and for each invoice that you enable online payments you will receive an entry in the draw to win 1 of 6 AU $20,000 cash prizes. It’s win-win!
The competition runs from 1 September 2023 until 30 November 2023 with 2 chances to win each month.
Here’s what you need to do:
By integrating with PayPal and leveraging the power of its PayPal Pay in 4 MYOB is empowering businesses to offer more flexible payment options, improve cash flow management and get paid faster.
This integration marks a significant milestone in the MYOB ecosystem, opening up a world of possibilities for businesses and customers.
This 2-minute video gives you an overview on sending invoices, getting paid and reconciling invoice payments.
By introducing PayPal and Online Invoice Payments with PayPal Pay in 4 capability, MYOB has opened up new avenues for business growth and customer satisfaction.
These payment options empower businesses to attract a wider customer base, especially those who prefer to spread out their payments.
“Small and medium enterprises face significant economic challenges following a tough few years, so prompt payments and healthy cashflow could not be more important,” says Andrew Baines, MYOB’s General Manager of Financial Services.
“Offering the options to pay with PayPal, or PayPal Pay in 4, gives customers every opportunity to pay on time, while improving their experience and deepening their relationship with the business they’re paying.”
With PayPal Pay in 4, businesses can offer their eligible customers the flexibility to pay for purchases in four interest-free instalments, with three of those payments spaced two weeks apart.
This can potentially help businesses attract customers and likely improve cash flow by ensuring prompt payments and an improved experience.
“Customers expect seamless and convenient payment experiences when shopping online, but that expectation is expanding to anywhere they need to make a payment,” says Jonathan Han, PayPal’s Director, Channel Partnerships and Small Businesses.
“Just as we see customers abandon shopping carts when their preferred payment option isn’t available, or when they hit friction in the payment process, many customers will put off paying an invoice if they can’t do so quickly and conveniently with the device they have on hand.”
With PayPal Pay in 4^, your customers can better manage their cashflow and buy now, pay later with instalment payments, while you still receive your payment in full. Plus, there is no interest or late fees for your customers.
PayPal is Australia’s most trusted online payments brand^^ that offers PayPal Buyer Protection on eligible purchases.
Your customers can pay using already saved cards or bank account when paying through PayPal.
Our help pages offer set up and troubleshooting advice, plus answers to FAQs.
Applications for online invoice payments are subject to approval. Fees apply when clients pay their invoices with online invoice payments i.e. 1.8% + $0.25c per transaction (including GST). No set up or cancellation fees. Rate applies to card, BPAY, Apple Pay, Google Pay and PayPal transactions. View terms and conditions here.
*This trade promotion is open to residents of Australia in Victoria, New South Wales (Permit No: TP/02922), Queensland, Western Australia, Tasmania and the Northern Territory only. View full competition terms and conditions here.
**Based on a sample of 2 million MYOB invoices between August 2019 and July 2020 on days to payment for invoices paid via online invoice payments versus non online invoice payment invoices.
^ PayPal Pay in 4 is provided by PayPal Credit Pty Ltd (ACN 600 629 258) and subject to merchant and consumer eligibility criteria. Product terms have full details.
^^ PayPal Australia Pty Ltd AFSL 304962. Consider the PDS (paypal.com/au) before using PayPal. ACA Research, PayPal Australia eCommerce Trends Report 2021 (commissioned by PayPal Australia).