Pay smarter across borders with your funding source choice
How to make a cross-border payment
Get started with cross-border payments
1,000,000
Amount payable
AUD 1,304,111
Amount payable
1,000,000 USD = 1,304,079 AUD
Transaction fee**
32,602 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.
Make payments
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 JasonL
Watch the full story“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.”
Your OctetPay questions answered
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Can I pay suppliers based overseas?
Yes. We currently pay suppliers across 65 countries in over 15 global currencies.
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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 your seller in their choice of 15 currencies, while you pay us in your chosen funding source’s currency.
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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.
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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.
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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.
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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.
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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.
It’s time to Power your business
Start using your credit card to pay local and cross-border suppliers through our secure platform.