Optimising payments for small businesses
Running a business is hard work!
Running a pub, real estate agency or retail shop is no easy task – particularly in recent times. Rising costs, ongoing labour challenges and increasing taxes are putting pressure on margins everywhere. In truth, running any business is tough, and many owners struggle daily with the constant demands and challenges thrown their way.
The Payment Logic Proposition
That’s one of the reasons we created Payment Logic (www.paymentlogic.com.au). It’s a business payment platform designed to help small to mid-sized businesses make payments more safely, effectively, efficiently and rewardingly. Our goal is simple: reduce administrative time, minimise the risk of digital fraud and errors, optimise the credit available, and maximise reward points on every payment made by business owners or their teams.
Recently, I had the opportunity to explain how Payment Logic works to a great friend’s mum – a very successful publican in the Hunter Region of NSW who’s been in the industry for more than forty years. In true old-school fashion, she asked me to keep it simple and explain the real, practical benefits for her business. So I summed it up like this:
Each Payment is more rewarded
Have you ever watched passengers breeze past long airport queues, turn left when boarding a plane, sip endless glasses of bubbles, stretch out in ridiculously comfortable pyjamas, and still look annoyingly fresh after a long-haul flight? We help turn that envy into opportunity. By using reward points:
- Qantas Business Rewards
- Velocity (Virgin Australia)
- Kris Flyer (Singapore Airlines)
Payment Logic helps you move to the front of the plane when you travel, particularly internationally.Every payment made through Payment Logic can earn points by using your credit card’s reward scheme, earning bonus points, or adding extra points when using the platform for your business payments. By paying taxes, wages and suppliers through Payment Logic, many businesses earn millions of points each year — simply by paying the expenses they already have.
Each Payment is more secured
Now consider how often your business credit card details are shared — across websites, over the phone or handed over a counter. How many sticky notes, desks or diaries hold sensitive card details? How many people — accountants, bookkeepers or staff — have access to them?
Payment Logic keeps your credit card details encrypted and secure. With digital fraud becoming harder to detect and manage, this added layer of protection is critical. We also check for duplicate payments, verify GST registration of beneficiaries, and apply multiple sanction, risk and authorisation controls to ensure payments are as safe as possible.
Better use of Credit from Amex or the Banks
Every business owner knows managing cash flow is critical. Payment Logic enables businesses to use all of their credit on offer to them, efficiently and effectively. You benefit from up to 55 days offered by American Express or the banks, whilst also earning rewards from their card schemes. Payment Logic just adds the icing to the cake by adding a few more bonus points every time you use your business card on the platform.
Payments are faster and the platform saves time
Then there’s the time factor. Think about how many payments you or your team process individually or in small batches — and how much administration time that consumes. Once Payment Logic is set up and linked to your accounting system (Xero or MYOB), you can make every business payment — domestic or international — quickly and efficiently, using either a credit card or debit account.
Hundreds of payments can be processed in seconds, landing with suppliers almost immediately, without ever sharing card or security details. The time savings alone are enormous, not to mention the improvements in data security and automatic reconciliation through your accounting system.
An Australian Success Story
“Why haven’t I heard about you before — and how do I get started?” was her immediate response.
The truth is, we’re a humble Australian business that’s grown rapidly through word of mouth. Today, we process over $7.5 billion annually in B2B payments for thousands of business clients. Our growth has come from delivering great service, strong features and a highly secure platform — often talked about at BBQs, across the bar, or at the local pub or club. This reputation has also led to Payment Logic becoming a strategic partner of American Express in Australia.
I explained that setup takes around ten minutes, and in most cases businesses can start making payments by the next business day.
Payments are faster and the platform saves time
My friend’s mum is now a loyal Payment Logic client, using the platform for ATO and BAS payments, fortnightly wages and a wide range of supplier payments. Like so many of you, she’s a proud, hardworking business owner — but now she’s also enjoying a few extra rewards along the way.
