Unlock up to 250,000 PayRewards Points on your business’ ATO payment!
Minimum $10,000 ATO spend to get the bonus points. This will cost you 1% ($110) in fees if you use a Mastercard if you use the free plan and you can get 100% of your normal credit card points on the spending. Other options to use Visa for a bit more cost or Amex at 2.1%.
Referral solicitation removed — Mod
PayRewards points can be exchanged for Qantas Business Rewards, Singapore Airlines Krisflyer, Virgin, Qatar or Accor.
Referrer and referee get 10000 pay rewards points after the referee transacts $10,000 in their first month.
i've been informed by an indian ATO representative, who called me on the phone yesterday, that giftcards are the only way to pay off my unexpectedly high tax debt. this deal can't be kosher
Remember to stack up on Apple gift cards when on sale. Hopefully ATO won't stop this 10% saving trick
YMMV but when you look at the card fee for credit cards vs just paying via BPay or direct transfer these points are never worth it in my opinion.
Based on my number crunching, we come out with a net gain of around $85 a month after accounting for tax deductions and using an indicative value of 1.5¢/Velocity point. That's only using the Free Rewards Tier though.
FYI — Amex Velocity also have $190 Cashback on 10K transfer
Amex Platinum (Personal) has 10,000 bonus membership points.
bonus points for ATO payments? where is this advertised?
Any payment via Pay.com.au
@WoodYouLikeSomeCash: can't find any information about this anywhere on pay.com.au. can you share link?
your saying if i transfer $10kAUD via pay.com.au with Amex Platinum to ATO - i get 10,000 amex points (bonus) + 22500 amex points (regular points) ?
Gosh that title could use some work, $1m payment for those 250,000 Points….
Would you get 10,000 reward points using a referral too?
Of course this would still only translate to 1250 airline points.
The main benefit would be the points you would get from the credit card spend but you still have to consider the extra work to pay this way (plus some amount of risk that the payment would actually go through to the ATO & what happens if they go broke).
Overall it doesn't really seem to be worthwhile for the small benefit.
They have prooved very reliable for me.I use them for the credit card points, and their PayRewards are a nice bonus.
Should stack with the referral no problem.
It's all good until someone makes a payment, company goes into receivership and ATO didn't get their money… Someone has to pay in the end, intermediaries are great until there is an issue..
By my rough calculations (happy to be corrected):
Sign up with referral (get 10,000 reward points = 1,250 airline points)
Pay $10,000 to ATO using this platform (get 10,000 airline points from credit card + 10,000 award points + 5000 bonus award points)
Cost is $110 for 10,000 airline points + 25000 award points (worth 3,125 airline points)
$110 for 13,125 airline points is not good value at all.
Edit: think my calcs are off, there seems to be an additional PayRewards fee, but ratios also off… pending update.
Yep I use them almost every day for my business, including to pay staff
@itsfree: Depending on the card your using, for those using an Amex Sniip may be more cost effective as the fee is lower and you don’t have to pay an extra fee to earn points from Sniip (+ from your credit card obviously).
@WoodYouLikeSomeCash: I don't have an AMEX unfortunately (I have ANZ Rewards Black). I want to change that though!
Don't forget to tip the ATO.
I stacked this with the 10k referral and received the referral within 24 hours of a $10k payment being cleared. Great find
Can you use this service without an ABN and make personal (not business) ATO payments?
No.
thanks
Alternative are Sniip/PL.
Oh I thought gift cards was the best way to pay ATO 🫠