Available payment methods
Elevate supports multiple payment methods, catering to the diverse preferences of your customers.
Method | Settlement Speed | Settlement Destination | Fee |
Card | Standard: 3 working days Next-day: 1 working day | Elevate Account OR external bank account | Local cards: 2.6% International cards: 3.3% (Optional) Next-day fee: 0.1% |
PayNow QR | Instant | Elevate Account OR external bank account | Free |
Bank Transfer | Instant | Elevate Account | Free |
Credit & debit cards
Benefits
Your customers can pay easily using their preferred credit or debit cards — earning card rewards or freeing up cash flow in the process.
Card payments also reduce the admin burden of handling cash or cheques and are typically settled faster.
Turn on card payments
Flexibility to choose who pays card fees
You can decide who covers the card processing fee — either your company or your customer (the payor).
PayNow QR
Benefits
Offer a seamless experience for your customers — they simply scan the PayNow QR code. The payment amount and reference will be auto-filled in their banking app, and they can pay in a few taps.
Like card payments, PayNow reduces the admin work of handling cash or cheques.
Turn on PayNow QR
Bank Transfer
Once your Elevate Account is opened, you'll receive an account number that customers can use for FAST transfers — funds settle instantly into your account.
Whenever you send an invoice or payment link, your customer will see your Elevate bank account details on the payment page. They can then follow the on-screen instructions to make a bank transfer to your Elevate account.
Benefits
When customers pay through your Elevate account, we automatically match the payment to the correct invoice or payment request using the amount and reference provided. This helps automate reconciliation and saves you time from manually checking bank statements.
Receiving & managing funds
Payment Settlement & Tracking
By default, all collected payments are settled into your Elevate account.
You can view your transaction history anytime via the dashboard, and receive email notifications for every incoming payment.
Using / Moving Your Funds
Use your Elevate balance to pay business expenses easily. Send free, instant local transfers, make cross-border payments at ultra-low FX rates, or spend using your virtual debit card with unlimited 1% cashback.
Want to move funds to another account? Just make a free instant transfer.
Settling to an External Bank Account
Prefer to receive card or PayNow payments directly into another bank account? You can enable this option in your Receivables Settings.