Pay.com.au brings Aussie rewards platform to the US

Australian payments platform pay.com.au is entering the US market following a $28 million funding round. While many payment processors focus solely on moving money, this platform specializes in helping business owners earn credit card rewards points on expenses that usually don't allow them—such as rent, taxes, and supplier invoices. For retailers and operators, this means a new way to maximize the value of your B2B spending. The platform allows businesses to pay almost any bill using a credit card, even if the recipient only accepts bank transfers. This gives you the ability to earn high-value points (like Qantas or Virgin points in Australia, likely partnering with US equivalents) on your largest overhead costs. Beyond rewards, the tool acts as a cash flow management bridge. By putting major expenses on a credit card, you effectively extend your float by 30 to 55 days, depending on your card's terms. As the company expands into the US, expect them to compete with services like Melio or Plastiq, offering specialized rewards integration that could offset the processing fees associated with credit card payments for big-ticket business expenses.

Source: Finextra — Lending

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