PayTo: A Digital Revolution for Payments

What is PayTo?

PayTo is a cutting-edge, 100% digital payment system that offers a modern alternative to traditional direct debits. By shifting payments from cards and paper-based processes to a seamless, real-time digital experience, PayTo provides enhanced visibility, security, and control for both businesses and consumers. Whether you’re a business looking to improve payment collection or a consumer wanting more control over your financial transactions, PayTo is the smarter, safer choice.

How PayTo works for businesses?

For businesses, PayTo provides an easy way to set up and manage payment agreements with customers. Here's how the process works:

1. Set Up PayTo Agreement: The business creates a PayTo agreement for one-off, recurring, or ad-hoc payments, detailing how much and when the customer will pay.
2. Customer Authorisation: Customers receive the agreement directly through their internet or mobile banking app. They can easily review the payment terms before giving their authorisation.
3. Payment Processing: Once the customer approves the agreement, the business can initiate payments based on the agreed terms, with payments being debited automatically from the customer's account.

Why choose PayTo for your business?

• Improve Cash Flow: PayTo reduces the risk of dishonoured payments by ensuring all payments are pre-authorised before being debited.
• Real-Time Payment Updates: PayTo offers real-time notifications and payment status updates, including account validation and funds verification, making payment collection smoother.
• Enhanced Control: Businesses have full visibility over payment agreements. You'll know exactly when payments will be debited from customer accounts, reducing any uncertainty.
• Seamless Integration: PayTo's integration is easy and requires minimal back-office effort. Plus, it's supported by APIs, making it simple to incorporate into existing systems.
• No More Paperwork: Say goodbye to paper-based agreements. PayTo is digital, making contract management, reconciliation, and tracking easier than ever.

For Consumers: Pay More Control, More Security

With PayTo, consumers now have more power over their payments and financial decisions:

• Total Control: Consumers have full visibility into all their PayTo agreements, such as subscriptions, memberships, and recurring bills, directly through their internet or mobile banking app.
• Security: PayTo uses PayID for payment authorisation, meaning no need to share sensitive BSB and account numbers. All transactions are authorised securely within the customer's banking environment, reducing the risk of fraud.
• Privacy: PayID ensures that your private bank details are kept safe and only shared with the necessary parties, unlike traditional payments that require BSB and account numbers.
• Real-Time Payment Management: You can authorise, pause, or cancel agreements with ease, all within your banking app, making it simple to manage your finances.

Is PayTo replacing Direct Debit?

Yes, PayTo serves as a modern, digital alternative to traditional direct debit systems. While direct debit relies on outdated paper-based processes and lacks flexibility, PayTo allows for real-time payments with customer authorisation before funds are debited. This offers businesses better control over payments, while consumers enjoy more visibility and security. As a result, businesses and consumers alike are adopting PayTo for its superior experience.

How PayTo Protects Your Privacy and Security

PayTo prioritises security at every step. Here's how:

• Customer Authorisation: No payment is processed until it's authorised by the customer within their banking app, ensuring that the transaction is in line with the agreement.
• No Sharing of Bank Details: Consumers only need to provide their PayID, not their BSB or account number, protecting their sensitive information.
• Dispute Resolution: If a payment is made outside the agreed terms, customers can resolve it directly with the business, or escalate to the bank if necessary.

Using PayTo - A Seamless Experience

For Businesses:

Once a PayTo agreement is set up, businesses can start receiving payments in real-time, reducing admin work and ensuring more reliable cash flow. With easy integration and API support, PayTo can be seamlessly integrated into your existing payment systems. Ziksu makes it even easier for businesses to get started by offering a smooth onboarding process and support for real-time payment notifications and reporting.

For Consumers:

Using PayTo is simple. To set up a PayTo agreement, consumers provide their PayID and review the terms via their internet or mobile banking app. If the agreement looks good, they authorise the payment with a single click. Consumers can also easily pause or cancel agreements whenever necessary.

Key Benefits of PayTo for Businesses:

Key Benefits of PayTo for Consumers:

Why Ziksu?

As your payment facilitator, Ziksu makes it easy for businesses to integrate PayTo into their payment systems. Ziksu’s comprehensive solution includes dynamic QR codes, real-time payment processing, and easy integration with developer-friendly APIs. Plus, Ziksu offers detailed reports and analytics to help businesses make informed decisions.

PayTo: The Smarter Way to Do Business

With PayTo, businesses and consumers alike enjoy fast, secure, and efficient payment processing. No more paper-based agreements, no more worrying about card details or account numbers—just a simple, digital, real-time experience.

Ready to make the switch? Choose Ziksu as your payment service provider and unlock the full potential of PayTo for your business today!