Pay smarter across borders with your funding source choice
Power to access
Want to use your own funding sources to pay local or international suppliers who don’t accept them? Looking for an alternative to your bank’s traditional payment methods?
Now there’s a way.
With the Octet Platform you can use your existing credit or debit cards to pay suppliers. Our closed, secure platform enables you to ‘fund’ your transactions however you like, while paying your suppliers however they like to be paid.
Power to operate
Say goodbye to international payment uncertainty. Say hello to price predictability. Using our bank-beating FX rates, get upfront visibility of exactly what you’ll pay in your local currency, while your supplier gets paid in their choice of 15 currencies.
Power to feel certain
One of the trickiest things in any new business deal is knowing whether you can trust a supplier you’ve never met. Conversely, how does a seller know that their buyer is real? We solve this issue by thoroughly verifying all members.
That means, no matter which side of the equation you’re on, you can trust you’re dealing with the legitimate and correct business – at home or overseas.
Power to earn rewards
Not only can your business benefit from improved cash flow and working capital management, but you can get rewarded for it concurrently.
Use the terms of your existing credit card and earn the points or rewards it offers. Meanwhile, you could be eligible to earn additional Qantas Business Reward points whenever you use an Octet Trade Finance facility to pay suppliers within our platform.More about Rewards
How to make a cross-border payment
Both you and your supplier register on our secure online platform
Add existing funding sources
Add your credit cards, debit cards and existing bank accounts to your Octet Digital Wallet
Submit your order
Create an order with your supplier, upload the appropriate documentation and request acceptance from your supplier
Pay the deposit
Optionally process your deposit payment through our platform using your chosen funding source/s
Track your order
Enjoy visibility across the entire supply chain with, all the important order steps and documents recorded in our platform
Get started with cross-border payments
1,000,000 USD = 1,481,200 AUD
* Amount payable calculated using the Octet Customer Rate, which is an estimated rate based off the current Market Rate and including our margin, but excluding any fees (if applicable). ** Transaction fee is indicative only and may vary depending upon your selected payment source.
Why choose our cross-border payments platform?
- Get access to your cash much faster than a bank can offer.
- Access your money without security.
- Improve cash flow and power business growth.
- As your receivables grow, so does your availability.
- Diversify funding while relying less on banks.
- Make your business self-replenishing.
flexible for your business
Almost every business can benefit from our simple, secure cross-border payments platform. If you want to pay a supplier using your credit or debit card as security or simply wish to pay straight from your bank account, our platform brings power to your supply chain process.
Discover how our cross-border payments platform powers Wittner
Your Digital Wallet questions answered
Can I pay suppliers based overseas?
Yes. We currently pay suppliers across 65 countries in over 15 global currencies.
Do I gain access to competitive Foreign Exchange (FX)?
Yes. We offer highly competitive FX rates, updated on our trading platform every 60 seconds. With a single click, we purchase the FX at the agreed rate and pay the seller in their choice of 15 currencies, while you pay us in your chosen funding source’s currency.
What information do I need to provide to start using the platform?
Because you’re using your existing credit card (or other funding source), we won’t need to perform a credit assessment. So as soon as you register, and we perform our required regulatory checks, you can start using our platform.
How long will it take to set-up and pay my supplier?
Set-up normally takes 2-3 days. Then, once your supplier has registered, you’ll be able to pay them immediately.
Can I use multiple credit cards?
Yes. Adding multiple cards is one of the innovative features of our platform. Simply upload your American Express, Visa or MasterCard credit or debit cards, and we’ll store them for you in our secure vault. When it’s time to transact, your cards are ready to go. Simply select the funding split and authorise the order in a single click to avoid missing your ideal FX rate.
Will my supplier know I’ve paid by credit card or bank account?
No. We make an advance to the supplier using our own funds, which is what your supplier will see. They’ll never see your credit card details or the funding source you chose. They’ll simply get their money however they want it paid, while you get to pay them using your chosen source.
If I’m paying with my credit card, do I pay you back or my card issuer?
You pay back your card supplier. When you authorise a transaction, we’ll charge your selected funding source. If there is sufficient credit, we’ll make an advance payment to the supplier from our own funds, and then shortly receive repayment from your funding source. We’re simply the transaction platform, while the financial institution who provided your card or bank account is your credit provider.