RewardPay now lets Kiwis pay their IRD tax using American Express
RewardPay x Executive Traveller
Corporate travellers with a taste for the pointy end of the plane have long been drawn to American Express, with its cards often loaded with high earning rates and reward bonuses. Although the cards aren’t always accepted, there is a way around that in certain instances.
Making points easier to accrue is Australian fintech ‘RewardPay’, which allows cardholders to pay using AMEX even if the recipient doesn’t accept the card. And it recently made its New Zealand debut.
After nine years of refinement on the other side of the ditch, RewardPay’s online platform now gives Kiwi businesses the ability to make AMEX payments on IRD transactions (usually limited to bank transfer) and earn points in the process for a small, tax deductible fee.
More than simply boosting your rewards balance, it can also help free up cash flow.
Here’s what you need to know.
What is RewardPay?
Launched in 2016, RewardPay is an online payment platform allowing business-to-business users to accept and process transactions made with credit cards. In short, it allows you to use points earning credit cards on payments that’d typically be done by bank transfer.
Available only with American Express, the custom-built system enables businesses in New Zealand to make payments to the Inland Revenue Department (IRD) and ACC.
Join RewardPay and earn points on all your invoices
It costs nothing to sign up for RewardPay. Fees only apply when you set up a payment through our portal. Watch a video and see our pricing.
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