What Is PayTo and How Does It Work with Brolly?

In the evolving landscape of digital payments, PayTo emerges as a revolutionary method for authorizing real-time payments directly from your bank account. This document outlines what PayTo is, how Brolly utilizes it, and key information you should know about this payment method.

PayTo is a new, secure payment method that is backed by the Australian banking system. It allows users to authorize payments directly from their bank accounts instantly, providing full visibility throughout the transaction process.

Essentially, PayTo serves as a smarter and safer alternative to traditional direct debit systems. For more detailed information, you can read more about it here.

When you are ready to repay or extend your Brolly loan, the process is straightforward:

• You tap “Refill” in your wallet.

• We create a one-time PayTo agreement.

• You approve it in your banking app (some banks may handle this in the background).

• Brolly collects the repayment instantly and securely.

There are several advantages to using PayTo for transactions:

• Instant: Funds settle in real time, eliminating the typical 1–2 day delays associated with other payment methods.

• Transparent: You can see and manage the agreement directly within your banking app.

• Controlled by you: You have the ability to cancel the agreement at any time.

• Secure: Transactions are authorized through your bank, ensuring strict verification processes are in place.

Here are some important points to keep in mind regarding PayTo:

• A PayTo agreement is only created when you choose to make a repayment.

• Your repayment will not occur until you approve the agreement, unless your bank pre-approves it automatically.

• PayTo will only withdraw the amount you have agreed to, ensuring there are no unexpected charges.

• You can manage or cancel the agreement at any time through your bank.

If you require help finding or approving your PayTo request, please tap the chat bubble or message us. Our team is ready to assist you through the process.