Boost your purchasing power with a revolving line of credit.
Increase cashflow by unlocking the power of your receivables.
Pay your sellers on day one for a discount, and get extended terms.
Use your credit cards, bank account, and Octet finance to pay your sellers.
Wholesale
Manufacturing
IT hardware and equipment
Construction and engineering
Agribusiness
Retail
Materials
Pharmaceutical
Transport
Labour hire
Food and beverage
Healthcare
eCommerce
Easy access to all your credit cards, bank accounts, and Octet finance.
Do business in your language with over 200,000 members worldwide.
Pay your domestic or international suppliers with built in spot FX rates.
Track and validate your supply chain from purchase order to payment.
You’re in good hands with our bank-level security processes.
Earn valuable reward points for every dollar spent through Octet.
Δ
Both you and your supplier register on our secure online platform
Add your credit cards, debit cards and existing bank accounts to your OctetPay account
Create an order with your supplier, upload the appropriate invoice/documentation and request acceptance from your supplier
Optionally process your deposit payment through our platform using your chosen funding source/s
Enjoy visibility across the entire supply chain with, all the important order steps and documents recorded in our platform
Amount payable
1,000,000 USD = 1,533,091 AUD
Transaction fee**
38,327 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.
“We want to have showrooms in each major city and be the go-to office furniture supplier. Octet is a partner for the journey of our business life. It’s definitely an ace up our sleeve, whenever we need it. As the business grows I have no doubt we’ll have Octet there.”
Want to use your own funding sources to pay local or international suppliers who don’t ordinarily accept them? Looking for an alternative to your bank’s traditional payment methods?
Now there’s a way.
With the OctetPay you can use your existing credit or debit cards to pay suppliers. Our secure supply chain platform enables you to fund your transactions however you like, while paying your suppliers however they wish to be paid.
Say goodbye to international payment uncertainty for your suppliers. Say hello to price predictability. Octet will pay your suppliers upfront in their choice of up to 15 currencies, whilst you can repay us using a range of funding sources, accessing bank-beating FX rates.
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 supply chain equation you’re on, you can trust you’re dealing with a legitimate business – at home or overseas.
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.
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.
Yes. We currently pay suppliers across 68 countries in up to 15 global currencies, including: CAD, CHF, DKK, EUR, GBP, JPY, NZD, SGD, THB, USD
Additional currencies are available subject to monthly transaction volumes.
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 your seller in their choice of 15 currencies, while you pay us in your chosen funding source’s currency.
Because you’re using your existing credit card (or other funding source), we won’t need to perform a credit assessment.
You simply register by providing your ABN, a bank account confirmation (can simply be the front page of your business’ bank statement), a current driver’s licence or passport, and an email address/domain connected to your businesses registered trading name.
We then perform our required regulatory checks, and you can start using our supplier payments platform within 48 hours.
Set-up normally takes 2 business days. Then, once your suppliers have registered, you’ll be able to pay them immediately.
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.
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. Your supplier will simply receive the funds, however you choose to pay them.
You repay 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.
Start using your credit card to pay local and cross-border suppliers through our secure platform.
