Stay Ahead of the Game: Offer Surcharge-Free Payments with PayID Today 

As digital payments become more prevalent in daily transactions, one ongoing challenge continues to frustrate both businesses and consumers: surcharges. These fees, often added as a percentage of the transaction value, create unnecessary financial burdens and lack transparency, leaving many feeling frustrated by their unpredictability. These added costs, often calculated as a percentage of the transaction value, have drawn criticism for being unfair and unpredictable.  

But what if there was a way to offer your customers a seamless payment experience without these unnecessary fees? PayID for Business – a payment method that allows customers to transfer money directly between bank accounts in real time, offering a cost-effective, reliable, and transparent solution to surcharge-free payments. 

The Problem with Percentage-Based Surcharges 

Percentage-based surcharges have become a pain point for consumers and businesses alike. For consumers, they can turn an otherwise affordable purchase into a costly one. For businesses, surcharges are often passed along as part of their payment processing costs, which can discourage customers from completing transactions. 

To make matters worse, these surcharges disproportionately impact high-value transactions, where the percentage fee balloons into a substantial amount. This creates an uneven playing field and erodes trust between businesses and their customers. For instance, a recent survey by Payments Industry Association found that 70% of consumers are less likely to return to businesses that apply unexpected surcharges, highlighting how such fees can damage customer loyalty.. 

Why PayID is the Game-Changer 

PayID for Business offers a low, fixed transaction fee that is revolutionising the way payments are made and received. Unlike traditional card payment methods that charge fees based on a percentage of the sale, PayID allows businesses to offer predictable and transparent costs, no matter the transaction size. 

Here’s how PayID can help your business stay ahead of the game: 

Eliminate Surcharges for Customers 

With its fixed fee structure, PayID for Business allows you to absorb transaction costs without having to pass them on to your customers. Unlike credit and debit card systems that often charge fees based on a percentage of the sale—sometimes as high as 2% or more—PayID offers a predictable, flat-rate alternative that benefits both businesses and consumers. This creates a positive payment experience and fosters customer loyalty. 

Boost High-Value Transactions 

PayID’s fixed fee means that no matter how large the transaction, the cost to process it remains low. This is a game-changer for industries handling high-value transactions, such as travel, education, real estate, healthcare, and retail. 

Transparent and Predictable Costs 

Remove hidden fees and complex calculations. With PayID, you know exactly what you’re paying for each transaction, making it easier to manage your business’s financials. 

Real-Time Settlements 

PayID transactions are settled instantly, improving cash flow and reducing the wait time for funds to clear. This is especially beneficial for small businesses that rely on a steady cash flow to operate. 

Easy Integration 

Integrating PayID into your payment systems is straightforward, whether you operate an e-commerce platform or a brick-and-mortar store. Features like dynamic PayID generation and QR code payments make it simple for your customers to pay. 

The Shift Towards Digital Payments 

With cash use in steady decline, Australians are embracing digital payments like never before. Consumers are seeking fairer, faster, and safer payment methods that don’t come with hidden costs. According to recent reports by Australian Payments Network, over 80% of Australians prefer payment options with lower or no fees, reflecting a growing demand for more transparent and equitable payment systems. By offering PayID as a surcharge-free payment option, you position your business as a forward-thinking leader in the payments space. 

How to Get Started 

Adopting PayID is simpler than you might think. Partner with a provider like Azupay, Australia’s first PayID-focused solution, to access tools and APIs that streamline integration. From generating unique PayIDs to embedding payment options into your checkout flow, the possibilities are endless. 

Find out more today.