What is a batch payment?
As the name suggests, a batch payment bundles multiple transactions into one. This is done using a single file containing multiple payees, usually generated from your accounting software. Batch payments let you upload this file into Business+, making tasks like payroll or accounts payable simple and fast.
Benefits of using batch payments
- It’s free – you can make no-fee batch payments directly from your Business+ Account
- Saves time – payments can be created easily from your accounting and payroll software platforms
How do I make a batch payment?
- Download an ABA file from your accounting software (Xero or MYOB).
- Log into Business+ and go to ‘Payments’ then ‘Batch Payments’.
- Choose the Business+ Account for the batch payment to come out of.
- Upload your ABA file and add a description.
- Review the payment details and carefully check each payment.
- Enter the security code sent to your phone.
- If you have payment approvals set up, you’ll need the other authorised user to approve the payment.
- Submit your batch payment for processing.
Common questions about batch payments.
What is an ABA file?
An ABA (Australian Bankers Association) file is a standard text file used by major Australian financial institutions to process bulk electronic payments from one bank account to multiple recipients.
Can I edit a batch payment?
No, you can’t edit individual payments in Business+. If you need to make changes, update the original ABA file in your accounting software and upload it again.
How long does it take for my batch payment to be made?
Batch payments aren’t instant. They may take a few business days to process.
What are the payment limits for batch payments?
Your batch payments must be within your daily payment limit and you must have enough money in your account to cover the batch payment.
Can I schedule a batch payout for a future date?
No, batch payments are processed either at the time when you submit it, or once all designated approvers have authorised the transaction.
Do I need approval for batch payments?
If you have set up payment approvals as a requirement to make payments from your account, you’ll need an authorised user to approve a batch payment.
Need more help with batch payments?
If you’ve got any questions about batch payments, feel free to contact us through Chat in Business+ online or the Business+ app (Mon - Fri: 8am - 8pm (AEST)).
