RewardPay Alternatives

[daft009]

I paid our fiscal friend on 17 Jan using sniip and was charged 1.5% using amex personal charge

 

[unfunkable]

So my accountant has just got back to me with : "The credit card fees on paying taxes and BAS would be deductible for the companies but won’t be for the personal taxes.

Does this sound right? My old account back in 2016 was deducting everything...

edit looks like they are right :

Decision​

No. A salary or wage earner cannot claim a deduction under sections 25-5, 25-25 or 8-1 of the ITAA 1997 for a card payment fee they are charged by the ATO for using a credit card to pay their personal income tax debt.

 

[Daddogguy]

So … has anyone figured out a method for making home loan repayments with their Amex? Do any of these reward payment services have a way of helping?

 

[dein_gesicht]

What is the cheapest way to pay anyone with a credit card (not bpay)? I have a visa prepaid card that I would like to use

 

[Scr77]

What is the cheapest way to pay anyone with a credit card (not bpay)? I have a visa prepaid card that I would like to use

Paypal?

 

[dein_gesicht]

Paypal?

Yeah that was the only one that I was aware of, but they charge a 2.9% fee for it!

I thought there might be another provider who could do it...

 

[albyd]

EasyBillPay might work. Reasonable rate on MC/visa but stay <$20k per month or then they’ll apply their ‘high value’ surcharge over and above usual charges.

Not sure if they’re taking any new sign ups.

They’re charging $15/month and allow transfers to yourself. This is a C to C service. Everything else I’ve seen is B to B only.

 

[neeyuese]

EasyBillPay might work. Reasonable rate on MC/visa but stay <$20k per month or then they’ll apply their ‘high value’ surcharge over and above usual charges.

Not sure if they’re taking any new sign ups.

They’re charging $15/month and allow transfers to yourself. This is a C to C service. Everything else I’ve seen is B to B only.

they charge me $24.95/pm .

 

[albyd]

I might have incorrectly quoted the monthly fee. Are they still taking on new customers? Wonder what the idea behind the ‘high value surcharge’ pitched so low at $20k is.

 

[neeyuese]

I might have incorrectly quoted the monthly fee. Are they still taking on new customers? Wonder what the idea behind the ‘high value surcharge’ pitched so low at $20k is.

they disabled sign up long time ago, high value surcharge around 0.75% if you top up more than $20k per month. If you top up more than $100,000 in one month, they may shut up your account.

 

[albyd]

Shame it was a pretty unique service. Looks like they’ve resolved to turn remaining users off rather than shutting the service down and milk the remaining customers until they leave.

 

[RealtimeY]

I recently received this email out of the blue in relation to one of the vendors I've been paying, so I guess they are going by biller

 

[dein_gesicht]

I had the same thing for my cleanaway bill

 

[serfty]

I think SNIIP go by biller code.

I believe it is by the type of card.

e.g. Paying same Residential Power Bill $5,000

- with Personal Amex - fee 1.5%.

- with Business Amex - fee 2.19%, earn 500 bonus Velocity.

 

[daft009]

I believe it is by the type of card.

e.g. Paying same Residential Power Bill $5,000

- with Personal Amex - fee 1.5%.

- with Business Amex - fee 2.19%, earn 500 bonus Velocity.

feels like a mixture of both

 

[dein_gesicht]

Has anyone gone through the process of using your amex on your own terminal (assuming you have a business) as the fees should be slightly less than what is charged by other providers? I am not advocating one do this either as I assume it is against t&c

 

[daft009]

Has anyone gone through the process of using your amex on your own terminal (assuming you have a business) as the fees should be slightly less than what is charged by other providers? I am not advocating one do this either as I assume it is against t&c

Definitely against the terms.
No I haven't tried it

 

[33kft]

Has anyone gone through the process of using your amex on your own terminal

There is one thing that will get you into trouble with Amex and that is related-party transactions

No paying yourself
No paying your super
No paying your business/trustee/etc

PayPal circular connected transactions — Head for Points

Hi all, I am new here and this is my first post. We had dinner last evening with a couple who say they have collected loads of points by wiring money from an amex-linked paypal account to another (husband's and wife's) and refunding the bank account linked to the direct…

www.headforpoints.com

how long does amex blacklist you for...

Amex card was cancelled, gave me 7 working days to fully pay the remaining funds, which i have done, just wondering if anyone knew how long before i could reapply, and if i'd be blacklisted..

www.australianfrequentflyer.com.au

amex plat charge cancelled =[

guys i honestly dont know where to vent my anger... but here it goes been green card member for 8 month, total purchases about 53k paid off everything on time recently got a plantium charge card got it tues cancelled on the friday. Our merchant facility at our business finally connected since...

www.australianfrequentflyer.com.au

 

[dein_gesicht]

Thanks for the links. I know someone who is doing it, but I don't understand why as the cost of using BC or pay.com.au is only a little more and doesn't risk being banned for life

 

[33kft]

I know someone who is doing it, but I don't understand why as the cost of using BC or pay.com.au is only a little more and doesn't risk being banned for life

Well there's that, and the fact that if you just paid yourself through some manufactured spend mechanism (eg Paypal family & friends, which a lot of people have been banned for but I digress) via consumer cards there's really no major tax implication, but paying your business via merchant account must be a bit of a nightmare, since it's going to land in the business account with associated merchant fees and you'd need to exclude the revenue to avoid double taxation but you'd probably be claiming the merchant fees so I'm guessing that one way or another the ATO/accountants wouldn't be a huge fan of it.