What is PayTo and how does it replace POLi Payments?

PayTo is an account-to-account payment solution that has emerged as the frontrunning alternative to POLi Payments, which exited the Australian market on 30 September. PayTo enables fee-free transactions for big ticket purchases with significantly reduced risk of fraud and chargeback, and it doesn't require customers to share their bank login details like POLi did.

Why did Bonza choose PayTo for its flight bookings?

Bonza partnered with Monoova to offer PayTo because it provides seamless, fee-free payment options for consumers booking flights online without credit card or other surcharge fees. As Australia's only independent low-cost airline, Bonza benefited from PayTo's ability to reduce fraud risk and offer instantaneous receipt of cleared and settled funds.

What are the advantages of PayTo over POLi for businesses and customers?

PayTo offers several improvements over POLi, including real-time notifications, instantaneous receipt of cleared and settled funds, and reduced fraud and chargeback risk through payment agreements that must be authorised through the customer's online bank before the first payment is made. Unlike POLi, customers don't need to share their bank login details, making the process safer and more secure.

Bonza & Monoova Launch PayTo as POLi Payments End