As a sole trader you can register up to two different PayIDs if you two different business accounts and want one for each. Select the account you wish to add PayID to. This will mean that your PayID display name (or what will be returned to the customer) will be the legal name of your business, rather than its trading name. You can select your ABN as your PayID type. Your ABN and name will appear based on what we have on record. Make sure you’re registered for Westpac Protect™ SMS Code or SecureID token and have an eligible account. More information about how to create a PayID will appear on screen. ![]() PayID doesn’t replace your BSB and account number, it’s just a safer way to pay because your customers will be sure they are paying you and only you. So, if a customer or supplier uses your PayID they’ll be able to verify it’s your business. There’s a quick and easy way to make payments safer: Register for a PayID using your ABN. Pretend to be an employee and have a salary payment redirected. Pretend to be a CEO or employee from another company to get a payment from you or, Pretend to be you, invoice a customer or a supplier, and have a payment made to their account details, rather than yours or, ![]() It’s when criminals impersonate you or someone from your business or one of your suppliers using similar names, domains, or fake invoices. As a business you need to constantly be on the lookout for scams.īusiness Email Compromise scam is one of the most common types.
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