virtual accounts

AUD Virtual Account

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AUD Virtual Account with Tazapay

Overview

Simplify Cross‑Border Payments in Australia

Tazapay’s AUD Virtual Accounts empower global businesses to manage payments in Australian dollars seamlessly—without setting up a local bank entity. Whether you’re processing e‑commerce transactions, streamlining cross‑border trade, or managing service payments, our solution delivers local credibility, flexibility, and efficiency.

Our AUD Virtual Account lets you:

  • Collect Payments Instantly: Receive AUD via NPP, BECS, POLi, PayID, or Direct Debit.
  • Hold Funds Securely: Keep balances in AUD—no unnecessary FX or volatility.
  • Payout Instantly: Send AUD to partners or convert to other currencies for global transfers.

Benefit from near real‑time settlements, automated reconciliation, and full visibility—all custom APIs and webhooks.

Key information
Currencies Supported
AU$
Easily convert to all major currencies when needed
Domicile Country
Australia
Local Payment Options
Poli
PayiD
Supported Flows
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Collection
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Hold
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Payout
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Convert to a different currency
Transfer Types
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NPP (New Payments Platform)
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BECS (Bulk Electronic Clearing System)
Transfer Speed
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Near real-time settlements via NPP
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Same-day settlements via BECS
Integration Options
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Webhooks for real-time notifications
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REST API

Why use AUD Virtual Account

1

Local Credibility

Dedicated Australian account details build trust and strengthen long‑term relationships with local partners.

2

Optimized Payment Processing

Leverage efficient, cost‑effective processing via local channels like POLi, PayID, and Direct Debit.

3

Lower FX Costs

Manage and hold funds in AUD to minimize currency conversion fees and maintain predictable cash flow.

4

Streamlined Compliance

Simplify reporting and reconciliation while adhering to Australian banking standards.

5

Quick Onboarding & No Local Entity

Get up and running fast—no need for a physical presence or cumbersome local‑entity setup.

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Enquire to integrate

How to use AUD Virtual Account

01

Instant AUD Collection

  • Share your AUD VA details with Australian clients or customers.
  • Receive funds instantly through Australian bank rails (NPP, BECS) or local methods such as POLi, PayID, and Direct Debit.
02

Real‑Time Monitoring & Reconciliation

  • Track credits, debits, and balances in real-time through Tazapay’s user-friendly dashboard.
  • Enjoy fully automated reconciliation and receive instant webhook notifications for any activity.
03

Instant AUD Payouts

  • Pay suppliers or partners in AUD instantly.
  • Convert funds seamlessly into other currencies for international transfers.
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Frequently Asked Questions

What is an AUD virtual account?
How can a fintech company benefit from an AUD virtual account?
Can customers receive payments from Australian banks into an AUD virtual account?
Is an AUD virtual account secure and compliant with regulations?