How does Hello Clever use PayID's?
A PayID is an identifier to a bank account, just like a BSB & Account number but easier to remember.
A PayID can be an email address, mobile number or ACN. Payments can be made to a PayID instead of the corresponding BSB & Account number. However PayID payments are much faster and they work 24x7, even on weekends and public holidays.
Typically, PayID payments settle in a few seconds instead of days.
When you checkout with Hello Clever, you may have the option to pay using a PayID. This PayID looks like an email address and is unique to your transaction.
To make a payment to this PayID, simply open your banking app or login to your online banking service and type or paste this PayID into the PayID field, together with the payment amount.