MYOB has launched a loyalty program in partnership with Mastercard, allowing sole traders to earn rewards points when they pay eligible business expenses using a Visa or Mastercard credit card in the MYOB AccountRight Live business solutions platform.
Enrolled customers can earn MYOB Rewards points on eligible credit card payments now and in the coming months will be able to redeem them for a variety of business perks including vouchers for popular retailers such as Uber Eats, Bunnings, Woolworths, Coles and JB Hi-Fi.
The reward program is the first cab off the rank in a partnership between MYOB and Mastercard and is expected to roll out to other businesses in the coming months.
“This new program has a two-fold benefit for sole traders; it allows bulk payments via Mastercard or Visa – even to businesses who prefer not to accept cards – as well as access to an all-new loyalty program for credit card payments,” said Andrew Baines, General Manager of Financial Services at MYOB.
The program is available regardless of who the business banks with and will allow sole traders to take advantage of rewards.
“Our customers have told us they already see the benefit in using credit cards to make payments, whether to help with cash flow or unlock business perks. Enabling expense payments from within the business solution platform and automating reconciliation is another example of how MYOB is helping customers focus on high-value work by reducing what has traditionally been a time-consuming task,” said Baines.
Asha Cugati, Vice President of Specialist Sales at Mastercard Australasia said the brand is committed to helping small businesses as they adapt to new ways of operating.
“Our partnership with MYOB is the first of its kind for Mastercard in the Australia/New Zealand region. This is the first time we have partnered with an accounting software provider to enable a convenient, safe, secure and frictionless way for businesses to process payments including bills, invoices and payroll,” said Cugati.