virtual accounts

AUD Virtual Account

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AUD Virtual Account with Tazapay

Overview

AUD Virtual Account is a powerful solution for businesses looking to seamlessly manage payments in Australian Dollars. Whether you’re an international company expanding into the Australian market, a marketplace facilitating local transactions, or a business optimizing cross-border payments, our virtual account simplifies the entire process.

With a dedicated AUD account, you can collect payments locally from customers, hold balances securely, and make payouts to suppliers or partners without the hassle of setting up a physical bank account in Australia. Our solution supports local payment methods such as POLi, PayID, and Direct Debit, ensuring a frictionless payment experience for both businesses and customers.

Designed for efficiency, our virtual accounts provide near real-time settlements, automated reconciliation, and complete transaction visibility. Integrated with REST APIs and webhooks, businesses can streamline their operations, reduce manual processing, and gain full control over their cash flow. Whether you’re looking to optimize collections, improve liquidity, or enable instant payouts, Tazapay’s AUD Virtual Account offers a reliable, compliant, and scalable payment solution.

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

Why use AUD Virtual Account

1

Get access 800+ million users

2

Mobile-optimised international payment flow

3

Low transaction fees and best FX rate

4

Invoice in your currency of choice*

*See full list of currencies here

5

No Need for local Entity

6

Same integration and one-time onboarding with access to China UnionPay

Enquire to integrate

How to use AUD Virtual Account

01

Receive AUD Payments

  • Share your virtual account details with clients or customers in Australia.
  • Accept payments directly from Australian banks or via local payment methods like POLi.
02

Recon & Monitor

  • Track credits, debits, and balances in real-time through Tazapay’s user-friendly dashboard.
  • Easy Reconciliation
03

Make Local AUD Payouts

  • Pay suppliers or partners in AUD or convert funds to 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?