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Configuring payment setup

This article explains how to set up your payment method.

J
Written by Jonathan
Updated over 2 months ago

To process pay runs, you need to configure how PaySauce will move funds from your bank account to your employees and the other institutions. This one-time setup connects your bank account to PaySauce and authorises payments.


⚠️ Make sure you've completed your company details setup before configuring your payment setup.

Before you begin

You'll need:

  • Your business bank account details (the account payroll funds will be drawn from)

  • Online banking access to authorise the payment agreement

  • Information about which payment method you want to use


Accessing payment setup

To configure your payment setup:

  1. Select Payments from the Setup checklist

    or

  1. Go to Company Settings

  2. Select Manage Payment Setup


Choosing your payment method

PaySauce offers two payment methods:

PayTo (recommended)

Uses the NPP (New Payments Platform) to move funds from your account to employees and institutions automatically. Provides real-time, 24/7 payments without manual transfers - PaySauce handles everything for you.

Advantages:

  • No manual transfers required

  • Fast payment processing (almost instant)

  • Works 24/7, including weekends

  • One-click payroll processing

Internet banking

Allows you to manually transfer the required funds for each payroll into a virtual wallet, which is then used to fund payments when you process the pay run.

When to use this:

  • Your bank doesn't support PayTo for business accounts yet

  • You prefer to manually control fund transfers

⚠️ Internet banking creates delays as you need to transfer money before processing each pay run (typically 4-6 hours or more).


Configuring PayTo payment

If you selected PayTo as your payment method:

  1. Enter your business bank account details (the account funds will be debited from):

    • Account name

    • BSB

    • Account number

    • Reference (optional)

  2. Set the agreement parameters:

    • Agreement start date: When the agreement allowing fund transfers will begin (must be a future date).

    • Maximum amount: The maximum that can be debited in a single transaction

    • Payment frequency: How often transactions can occur (Daily, Weekly, Fortnightly, Monthly)

      • Choose a frequency more often than your pay cycle to allow for out-of-cycle and adjustment pays

      • Example: If you pay fortnightly, select Daily or Weekly

  3. Select Save

Note: It is wise to set your Maximum amount to be higher than your typical pay run amount. This helps account for overtime, holiday pay, bonuses, and other unexpected payment increases.

Authorising the PayTo agreement

When you save your payment setup, two things happen:

  1. Your information is saved in PaySauce

  2. An agreement process is launched with your bank

  3. Log in to your online banking for the account you specified

  4. Look for a pending PayTo agreement or payment authority

  5. Review and accept the agreement

⚠️ Until this agreement is accepted, you cannot successfully complete payroll in PaySauce.


Configuring internet banking payment

If you selected Internet banking as your payment method:

  1. Enter your business bank account details (the account where refunds will be sent):

    • Account name

    • BSB

    • Account number

    • Reference (optional)

  2. Select Save

Note: Your virtual account details, needed for transferring funds before each pay run, are shown in the PaySauce app, on the Payments page


What happens next

Once your payment setup is configured and authorised:

  • For PayTo: You can process pay runs with a single click - funds are automatically transferred

  • For Internet banking: You'll need to transfer funds to your virtual account before processing each pay run


Common Questions

I can't find the PayTo agreement in my online banking

The agreement may take a few minutes to appear. Log out and back in to your online banking. If it still doesn't appear after 30 minutes, contact PaySauce support.

My bank doesn't support PayTo

Not all banks support PayTo for business accounts yet. If your bank doesn't support it, use the Internet banking payment method instead.

What should I set as the maximum amount?

Set the maximum amount higher than your largest expected pay run.
Consider:

  • Your regular pay amount

  • Additional costs during busy periods (overtime, holiday pay)

  • Potential for bonuses or one-off payments

  • A buffer of 20-30% above your typical pay run is recommended

Which payment frequency should I choose?

Choose a frequency that's more frequent than your pay cycle:

  • If you pay weekly, choose Daily

  • If you pay fortnightly, choose Daily or Weekly

    This allows flexibility for adjustment pays and out-of-cycle payments.

I need to change my bank account details

Return to Company Settings > Manage Payment Setup, update your details, and save. If using PayTo, you'll need to authorise a new agreement with your bank.

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