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Knowledgebase · MYOB · Accepting Online Payments and Tap to Pay in MYOB
Accepting Online Payments and Tap to Pay in MYOB
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MYOB
Accepting Online Payments and Tap to Pay in MYOB
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This is part of our Sales, Invoicing and Getting Paid series (Chapter 2 of the MYOB tutorial hub):
- Lesson 1: Creating and Sending Professional Invoices in MYOB
- Lesson 2: Setting Up Automated Payment Reminders in MYOB
- Lesson 3: Accepting Online Payments and Tap to Pay in MYOB (this lesson)
- Lesson 4: Using Quotes and Recurring Invoices in MYOB
Letting clients pay online, or on the spot, is one of the simplest ways to speed up how quickly you get paid.
1. Enabling online payments
Under payment settings, connecting a payment option adds a pay now button directly to your invoices.
2. Understanding the fees
Online payment options charge a small transaction fee, worth weighing against how much faster you actually get paid.
3. Using Tap to Pay in person
For in-person jobs, Tap to Pay lets a client pay by card directly through your phone, no separate card machine needed.
4. Keeping payments reconciled
Payments taken this way should flow through to your bank reconciliation automatically, but it is worth checking they match up correctly.
MYOB’s official YouTube channel covers online payments and Tap to Pay: watch the official MYOB tutorial. Our registered BAS agents can help you weigh up whether it is worth it for your business.
Frequently Asked Questions
How much are the transaction fees for online payments?
Fees vary by provider and payment type, typically a small percentage plus a fixed fee per transaction. Worth checking current rates in your MYOB payment settings before enabling.
Do I need extra hardware for Tap to Pay?
No, Tap to Pay works directly through a compatible phone, no separate card machine needed.
Will online and Tap to Pay transactions still reconcile automatically?
Yes, they flow through to your bank reconciliation the same as other transactions, though it’s worth checking they’ve matched up correctly, especially early on.
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