PAYID instead of BSB and account number

richardkeeler

Is it possible to pay to PayID numbers in desktop accounts.

There's no option to attach anything but BSB and account numbers that I can find.

I'd like to change payroll particularly to PayID and also have suppliers requesting it.

Acctd4

No problem 😊

You won't find it on this forum though as it's on "Reckon Ideas" which is actually a completely separate, stand-alone site for submitting & voting on new features for Reckon products.

Acctd4

Unfortunately not at this stage 😬

PayID is still a relatively new banking concept (compared to EFT & EFTPOS) & Reckon's feedback on this a few years ago was that banks/financial institutions were charging quite high per-transaction fees for it in the B2B space back then.
Hopefully it will become a viable option in the near future as PayID becomes more commonly-used.

richardkeeler

Please see this link on PayID, now in its fifth year of operation - https://en.wikipedia.org/wiki/New_Payments_Platform

There are no fees for using this system at present. It is effective and improves transactional safety by removing the need to share bank details.

I don't imagine it's going to go away so find it hard to understand why a transactional software doesn't provide access.

I have suppliers who now only use this on their invoices and have to pay them manually!

Acctd4

Hi Richard

I'm not involved in the development of the program at all - I was just reiterating Reckon's feedback on this query (from several years ago now!):

https://ideas.reckon.com/ideas/RKN1-I-724

I'd recommend adding your vote & comments there as it's already under consideration & the more popular a feature idea is, the more likely it is to be implemented (where possible) 😊

richardkeeler

Thank you for the link. This doesn't come up in the help search:)