How to earn credit card points when paying contractors

September 16th | 5 mins to read

Many businesses rely on contractors for various services, from tradespeople to consultants. While contractors are an essential part of your business operations, their invoices can be substantial. However, with pay.com.au, you can turn these necessary expenses into a windfall of credit card rewards points.

Earn credit card points on your contractor expenses with pay.com.au

How many credit card points can you earn when paying contractors?

The potential for earning points is substantial. With the right business credit card, you could earn up to 1.25 points per dollar spent on contractor payments through pay.com.au.

For example, if you pay $80,000 in contractor fees over a year, you could earn 100,000 points. That’s enough for a round-trip Business Class flight from Sydney to Melbourne on Qantas, with points to spare.

What if the contractor doesn’t accept credit card payments?

This is where pay.com.au comes in. Even if your contractors only accept direct deposits, our B2B payments platform allows you to use your preferred card and collect all the associated rewards points. You can even use Bpay with a credit card if you prefer.

Here’s how it works:

You make the payment to pay.com.au using your chosen credit or charge card.
We then pay the contractor on your behalf.
You earn thousands of credit card reward points in the process.

It’s that simple. The timing between your credit card payment through pay.com.au and receipt by the payee is typically only T+2 days, ensuring prompt payment to your contractors.

The options are almost endless, outside of a few prohibited payment types such as wages and mortgage repayments.

What if I need to manage short-term cash flow?

No problem. By using pay.com.au, you can benefit from up to 55 days interest-free on your credit card, helping you manage cash flow between paying contractors and receiving payment for completed jobs. However, it’s best to check our prohibited payments page first to ensure your payment type is accepted.

What other business expenses can you use pay.com.au for?

Our platform isn’t limited to contractor payments. You can use pay.com.au for a wide range of B2B payments, including:

Business equipment purchases
Rent payments
Employee superannuation contributions
ATO bill payments
Corporate entertainment expenses
And much more

Why pay.com.au beats paying direct

Unlock cash flow
Earn your full credit card rewards on government payments
Grow your points balance faster by opting in for PayRewards on every payment
Earn rewards points when paying via a linked bank account
Redeem your rewards for almost anything! Flights, gift cards, travel and more

How do the pay.com.au fees stack up?

pay.com.au offers you some of the most competitive fees in the market for processing credit card payments for payroll tax:

Mastercard: 1% + GST
VISA: 1.20% + GST
American Express: 2.10% + GST

Plus there’s an option to add PayRewards Points to every transaction:

Earn 1 PayRewards Point per $1 with a 1.0% ex GST fee
Or 2 Points per $1 with a 1.8% ex GST fee.

These rates can be further reduced if you subscribe to their Regular or Premium packages. When compared to other B2B payment options, pay.com.au often emerges as a superior rewards and payments ecosystem for your business.

Is it worth it for your business?

When deciding whether to use pay.com.au for your business payments, such as contractor fees, consider:

The value of the rewards you’ll earn
The fees you’ll pay to obtain the rewards
The potential cash flow benefits for your business

For many businesses, especially those with high contractor expenses, the rewards earned can far outweigh the fees, making it a smart financial decision. Feel free to visit our help centre or get in touch with our team who can help you crunch the numbers.

How do I sign up?

It’s easy. Head to the link and follow the prompts to sign up for your business. It’s free to get started, and with low fees and a user-friendly interface, pay.com.au helps you do business better while maximising your rewards.

By using pay.com.au, you could soon be swapping your work site for a Business Class seat on your next flight. Join our growing number of satisfied customers who are turning their contractor expenses into premium travel experiences.