Trade Account

Pay invoices on your terms

Trade Account makes it easy to manage the timing of invoice payments. Your suppliers are paid on time and you choose flexible repayment terms that work for you.

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Product features

Account limits
up to $500,000

Up to 20 weeks to
pay in instalments

No establishment
or account fees

Pay almost any supplier
with an ABN

How Trade Account works

Easily upload an invoice online

Your supplier is paid on time

Choose terms suitable for your business

Repayments are made easy with direct debits

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Timing is everything

Your suppliers are paid on time and you chose from flexible trade terms that work for your business.

Boost your purchasing power

Stock up when you need to. Buy more when your supplier is offering discounts. Pay on flexible terms.

Take control of cash flow

Pay every invoice on time while retaining the flexibility to align your payments to incoming cash flow.

Fuel your growth

Control over cash flow means more of your working capital is available to fund your growth priorities.

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What customers are saying

My suppliers often insist on Friday payment but Monday payment works better for me because it means I can use weekend takings. Trade Account gives me that flexibility. I’ve already set up eight of the suppliers I use most frequently.”

Brooke
Red Rooster franchise owner

How businesses use their Trade Account

Pay in full -
14 days
I like to take advantage of supplier terms but sometimes I want a little longer to pay. I can use Trade Account to add an extra week or two to the terms I get from my supplier.
Pay in full -
30 days
I have a large invoice due. I can cover it but I’m going to be quite stretched. It would help to push payment out to the end of the month.
Pay in instalments -
12 weeks
It would really help my cashflow if my BAS payments to the ATO were spread out evenly across the quarter.
Pay in instalments -
20 weeks
I’d like to divide up the payment for a small equipment purchase over an extended period of time.

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Trusted by 25,000 Australian businesses

Shift provides Australian businesses with credit and payment products, allowing them to take control of their cashflow, purchase assets and streamline trade terms.

Shift brings the same level of digitisation that consumers enjoy every day to the business world so businesses can manage their finances with ease, flexibility and control.

Since its founding in 2014, Shift has provided funding to support the growth aspirations of more than 25,000 Australian businesses.

FAQs

What is Trade Account?

Trade Account is a payment platform designed to make it easy to optimise your cash flow while still paying your suppliers on time. Shift pays your supplier the next business day and you choose a payment term that works for you.

Who can I pay through Trade Account?

Trade Account can be used to pay most suppliers. The primary requirement is that the supplier has an ABN. Your supplier does not need to have an account or a relationship with Shift.

There are a small number of exceptions. Trade Account is not able to be used to pay rent, royalties or wages.

How much does Trade Account cost?

The cost of Trade Account depends on the value of the invoice and the payment terms you choose for that invoice.

The transaction fee for an invoice is clearly presented in the platform before you confirm your preferred payment term. You can choose an option for an invoice, see the cost of that option and then decide whether you want to proceed . You can choose different options and compare the cost of each before you making a decision.

Trade Account does not have any establishment or account keeping fees.

What do I need to open an account?

To open a Trade Account, you will need an ABN, ID (either an Australian Drivers Licence or passport) and online business banking details.

All directors are required to register.

How do repayments work?

Repayments are automatically debited from your nominated business bank account according to the terms you selected for each invoice. You will receive a reminder two days before a payment is due, to let you know the amount that will be deducted from your account.

You can check your schedule of repayments online.

How long do I have to repay?

You choose how long you have to repay. The maximum term available is weekly instalments over 20 weeks. You can choose shorter terms – either pay in full or pay in instalments.

Open a Trade Account

Open a Shift Trade account using easy online registration.

Active ABN

Australian mobile number

Australian driver licence or passport

Open an account

Need help?

Our dedicated business specialists are here to help

1300 249 649