Westpac Go to Pay

A big business means large volumes of payments. Westpac Go to Pay is a smart ePayables solution that saves you time, delivers genuinely enhanced levels of security, putting you in control of your finances. 

Go to Pay is based on Mastercard's Purchase Control platform. For an overview, click on this video from Mastercard.

Key Benefits

Westpac Go to Pay: the way to go for managing your payments

• Reduce accounts payable admin time, by automating the processing of one-off and manual payments.

• Keep in total control of the reconciliation process. Collect payment information that flows through to your reporting tools and general ledger, helping with transaction matching.

• Depend on exceptional levels of security and reduce the potential for fraudulent activity. Single use cards are less likely to be compromised in online scams, and suppliers can’t see the primary account number that the virtual card number is generated from.

• Free up significant working capital – defer payments with up to 53 days interest free.

The details

Virtual card numbers. These help provide security for the electronic payment of invoices. Available for multi- and single-uses with a set dollar value and expiry date.

Real-time controls. Determine where, how and what type of purchasing activity is occurring. Approve or decline transactions based on merchant categories, specific suppliers and transaction amounts. Comply with your organisation’s spending policies and preferred supplier agreements.

Automated approval workflow. This provides a standardised approval process that helps simplify compliance, reduce fraud, and minimise unauthorised spending. User groups can be created with approval thresholds, in line with your company’s procurement spending policies – and there’s no need for paper-based approval processes.

Online oversight. With 24/7 online access, Go to Pay lets you manage and control spending as it happens, providing greater visibility over expenditure.

Rates and Fees

The cost to implement and operate Go to Pay will be tailored to your specific business requirements. For further information on Go to Pay fees, please contact us on 0800 666 001 or email gotopay@westpac.co.nz