How CalmonyPay compares to BACS?
CalmonyPay is a digital faster payment account so you can quickly and easily make bulk supplier, landlord and payroll payments without the expense or waiting time of BACS.
Meaning that your customers get paid faster, and so do you.
BACS
BACS payments take three working days to reach account
BACS payments have cut off times and only clear on working days
Higher monthly fee
Waits for funds to clear before your can authorise and send the BACS payment
Typical fees:
Same day payment £15
Next day payment £0.40 per beneficiary
Three day payment £0.35 per beneficiary
£5 each time you upload a file
CalmonyPay
Instant payments 24/7
No cut off and clears instantly
Low monthly fee
No file upload and processing fees
No unnecessary fees
Upload and edit Excel payment file
You can edit your BACS file once uploaded
No file to upload?
You can build your own online payment file
Easy online application
Features
- Manually build bulk payment file as you go
- Upload Excel bulk file
- Upload BACS files
- Edit BACS file after upload and cancel some payments
- Upload one BACS file with different future payment dates
- Automatically add a new payee from the BACS file
Why pay in bulk with CalmonyPay
Simple Application
BACS application process is complicated and requires company and personal guarantees.
Easy Import
Import BACS or CSV files generated by your CRM, accounting and payroll software.
Build as you go
If you don't use an accounting software, you can quickly build your own bulk payment file.
One Click Payment
Once uploaded or built, with one single authentication all your payments will be made. Each transaction will appear as an individual transaction on your statement.
Future Payments
One bulk payment file can have all different payment dates in it, freeing up your time.
Payments 24/7
No cut offs or clearing periods. Your payments are processed 7 days a week 24 hours a day.
How it works…
Who can use CalmonyPay?
Any business can use CalmonyPay...
Property
Estate Agents
Letting Agents
Block management
Franchise groups
Right to manage
Housing associations
Commercial landlords
Landlord partnerships
Commercial agents
Professional Services
Accountants
Payroll
Bookkeepers
Small Businesses
Retail
Cafes
Hotels
Restaurants
Pubs
Services
Construction
Hospitality
End to End Security
Calmony uses two factor authentication to access your account and to make payments, in addition to restricting payments out to chosen users.