We're excited to announce our first live transaction using PayTo, the fast, efficient, and secure way to digitally pre-authorise payments from a bank account, processed through our integration partner, aXcelerate, the award-winning student management system (SMS). 

The milestone renders aXcelerate as one of the first providers in the vocational education and training (VET) sector capable of processing PayTo payments, leveraging the full suite of benefits PayTo has to offer. 

PayTo is a secure, fast and easy digital way to make real-time pull-payments directly from bank accounts. Launched in mid-2022, it is the latest innovation in payments technology in Australia.

PayTo is a secure, fast and easy digital way to make real-time pull-payments directly from bank accounts. Launched in mid-2022, it is the latest innovation in payments technology in Australia. We positioned ourself as one of a small number of payment service providers capable of processing PayTo payments on day one. Central to PayTo is the real-time payment processing, which eliminates the standard three-day Direct Debit response time and allows billing outside of business days. The new payment method is expected to give students more control over how they pay, whilst equipping education providers with enhanced customer validation to help reduce security risk. As a superior alternative to Direct Debit, PayTo will enhance the collection of funds for Education Providers, reducing the administrative overheads and poor customer experience that traditional forms of failed payment follow-up can bring. 

aXcelerate CEO, David O’Rourke, detailed how PayTo will benefit the education and RTO space and aXcelerate. “More and more aXcelerate clients are diversifying their course offerings to provide a breadth of long and short courses, both accredited and non-accredited, and this is indicative of the whole sector. With the need to improve cash flow a priority for any business, particularly in the current economic climate, Ezypay’s ability to offer PayTo to our clients is timely value enhancement to the aXcelerate platform.”