With ipaymy you can pay rent, salary and invoice payments directly to your landlord, employee or supplier.

Rent

For rent, all payments must be made directly to your landlord and a valid supporting tenancy agreement is required. Types of payments in this category include:

  • Recurring rental payment for commercial properties

  • Security deposit for commercial properties

Salary

For salary, all payments must be made directly to your employee and a copy of the employment contract or payment slip may be required. Types of payments in this category include:

  • Recurring salary

  • Bonus payments

  • Commission payments

  • Expense/allowance reimbursements

  • Director's Fees

Invoice

For invoices, all payments must be made directly to your supplier who is a registered business in the respective country and a copy of the invoice being paid must be provided. Payments can not be made to an individual (e.g. peer to peer) or to fund yourself or your business.

Types of acceptable payments in this category include:

  • Invoices for goods or services rendered

  • Taxes (Income, Property, and GST)*

  • Insurance (excluding NTUC Income)

  • School Fees

  • MCST

  • Renovation

  • Car loan

  • Property purchase (Stamp Duties)

*Tax payment service is currently available to Singapore and Australia users making payments with a Visa or Mastercard. ipaymy are actively working to extend this functionality to all regions.

Types of payments not accepted in this category include:

  • Sending money to yourself or for any purpose of cash advance to your personal or any associated business accounts.

  • Sending money to individuals (peer to peer payment)

  • For gambling and related activities¬†

  • Payment towards a brokerage or investment account

For more information on payments not accepted in this category please refer to our Terms and Conditions.

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