Reduce debtor days with faster payments on account

PencilPay simplifies and automates Payments on Account, ensuring seamless transactions, improved financial control, and satisfied customers.

Our Service

Smarter trade account management

Digital credit applications

Streamline your application, approval and customer setup process to speed up the time to first order.

Verify customer data

Verify your customers legal entity and trading history in minutes, not hours.

Automated billing

Store Payment Information as part of the credit application process for seamless transactions and automated charging.

Efficient collections

Reduce debtors by personalising invoice reminder workflows and bundle overdue invoices into payment plans.

Streamline payments and onboarding with PencilPay today!

Simply book in a demo or sign up straight away and we will get in contact in the next 24 hours!

Automatically charge stored bank or credit card details

Collect and store bank or credit card details as part of the onboarding process. You can trust PencilPay’s PCI compliant system to keep it safe.


Facilitate seamless payments on credit terms and boost timely transactions through automated charging.

PCI Compliant

We adhere to PCI DSS, the internationally recognized payment standard endorsed by VISA, Mastercard and AMEX, as well as BECS, the Australian banking standard for Direct Debit transactions.

Automated accounts receivables

Streamline your accounts receivable by automating all your manual collections tasks. 

Reminder workflows

Remind customers about upcoming and overdue payments with personalized workflows.

Flexible payment plans

Bundle overdue invoices into a single payment arrangement, ensuring you collect outstanding amounts and maintain uninterrupted trade.  

Faster settlements

Stop waiting 3 days for credit card payments to settle. Funds from credit card transactions are in your account within 24-hours.

Bank reconciliations in a single click

Reduce your weekly reconciliation time by hours, not minutes.

Daily consolidated reconciliation

Simplify your reconciliation process with our daily consolidation of all bank or card payments into a single disbursement. Enjoy streamlined reconciliation with detailed itemized information.

Streamlined fee management

Pencil effortlessly handles merchant fees, whether you absorb, split, or pass them on, ensuring seamless balance in your accounts

Common FAQs

PencilPay is an ideal solution for businesses who sell goods on payment terms (7, 14, 30-days) and deal with a large volume of wholesale accounts. If you onboard new customers regularly, process frequent orders, and have challenges with manual credit applications, onboarding, risk management, and collections, PencilPay offers a seamless integration to revolutionize your credit management processes.

PencilPay prioritizes the security of customer data. We employ robust encryption and secure transmission protocols to protect sensitive payment information. By storing payment methods securely, you can offer their customers a convenient and safe payment experience.

Yes, PencilPay streamlines bank reconciliation by providing 1-click reconciliation for multiple daily invoices. This feature saves valuable time and effort for your team, allowing them to focus on other critical aspects of the business.