22nd June, 2023
MYOB is excited to announce PayPal as a new payment option within Online Invoice Payments, allowing customers to pay instantly with PayPal, or, if eligible, in four interest-free instalments with no late fees with PayPal Pay in 4.
By integrating with PayPal and leveraging the power of its Pay in 4 capability, MYOB is empowering businesses to offer more flexible payment options, improve cash flow management and get paid faster.
This integration marks a significant milestone in the MYOB ecosystem, opening up a world of possibilities for businesses and customers alike.
With PayPal Pay in 4, businesses can offer their eligible customers the flexibility to pay for purchases in four interest-free instalments, each payment spaced two weeks apart.
This option can potentially help businesses attract more customers and also likely improve cash flow by ensuring prompt payments and an improved payment experience.
“Customers expect seamless and convenient payment experiences when shopping online, but that expectation is expanding to anywhere they need to make a payment,” says Jonathan Han, PayPal’s Director, Channel Partnerships and Small Businesses.
“Just as we see customers abandon shopping carts when their preferred payment option isn’t available, or when they hit friction in the payment process, many customers will put off paying an invoice if they can’t do so quickly and conveniently with the device they have on hand.”
By introducing PayPal and Online Invoice Payments with PayPal Pay in 4 capability, MYOB has now opened up new avenues for business growth and customer satisfaction.
These flexible payment options empower businesses to attract a wider customer base, especially those who prefer to spread out their payments over time.
“Small and medium enterprises face significant economic challenges following a tough few years, so prompt payments and healthy cashflow could not be more important,” says Andrew Baines, MYOB’s General Manager of Financial Services.
“Offering the options to pay with PayPal, or PayPal Pay in 4, gives customers every opportunity to pay on time, while improving their experience and deepening their relationship with the business they’re paying.”
By further accommodating the diverse needs and financial situations of customers, businesses can increase sales and improve customer loyalty.
Moreover, a seamless payment experience enhances customer satisfaction. Customers can complete transactions quickly and easily, without the hassle of manual payment processes or complicated checkout procedures.
The integration between the MYOB business management platform and PayPal enables businesses to offer a modern and convenient payment experience, likely to result in higher customer retention rates and positive word-of-mouth referrals.
The integration of the MYOB business management platform and PayPal with PayPal Pay in 4 capability marks a significant milestone in the world of online invoice payments solutions.
By combining the power of MYOB’s Online Invoice Payments with PayPal’s trusted payment capabilities, businesses can now offer enhanced payment flexibility, improve efficiency, and ensure secure transactions.
With this exciting new option, MYOB users can expand their customer base, improve cash flow management, and provide a seamless payment experience.
As businesses continue to adapt to changing consumer preferences, MYOB remains at the forefront, offering innovative solutions to meet evolving needs. Ready to improve your cashflow and get paid faster?
Set your business up with MYOB’s online invoice payments and leverage the power of PayPal today.
Applications for invoice payments are subject to approval. Fees apply when clients pay their invoices with invoice payments 1.8% + 0.25c per transaction (including GST). No monthly fees or set up fees apply. Rate applies to both card, BPAY, PayPal, Google Pay and Apple Pay transactions. View our full Terms and Conditions here.