Leah Kidd

Fast Five: Our Most Commonly Asked Questions This Week May 2022

1. In the new Sniip interface, what's the difference between, 'Review' and 'To Pay'?

Great question! We’ve provided some clarification for you below. 

‘Review’: This is a new category and includes all the bills that you have imported or “shared” to Sniip. These bills will need to be reviewed (confirming BPAY Biller Code, Reference Number, due date, amount, etc) before they appear in the ‘To Pay’ screen. 

‘To Pay’: These are the bills that you need to pay! Any bills that you have reviewed and are waiting to be paid are in ‘To Pay’. 

Please note: If you’re the first person to pay a BPAY Biller Code, your bill will be in ‘To Pay’ with the status as ‘Blocked biller (under review)’. 

 If they’ve been paid, or scheduled, they’ll either be in ‘Pending’, ‘Scheduled’ or ‘Paid’. We have a very helpful resource on our website that runs you through the new Sniip interface. You can check it out, here

 

2. How do I know if a BPAY Biller is accepted by Sniip?

You simply need to upload the bill to Sniip to find out if it can be paid with Sniip. 

When you upload a bill to the app, it will let you know whether you are able to pay that specific bill. 

If you are unable to pay that bill it will either show ‘Biller unavailable (under review)’ or ‘Biller not currently available’. 

Your bill will be in the ‘To Pay’ tab, however it is unable to be paid until it has been reviewed by Sniip. 

We aim to review all billers within 24 hours. However, if you need them to be approved quicker, feel free to give us a call (details below) and we will try and review it as soon as possible. 

If your biller is approved, you’ll receive a push notification to your mobile (pictured above) as well as an email. If your biller is unable to be paid, it will remain as a ‘Blocked Biller’ (picture above). 

Unfortunately, as determined by our banking partners, there are certain restrictions regarding payments to certain billers, due to their risk profile. These include:

  • Remittance service provider
  • Charities and Not-for-Profit
  • Intermediaries
  • Pay-day lenders
  • Internet gambling
  • Casinos
  • Goods dealers
  • Foreign exchange currencies
  • Securities and derivatives
  • Managed investment schemes
  • International business operations
  • International students or travel products
  • Hiring and leasing
  • Banking and financial institutions

If there’s any urgency to your bill payment, we completely understand! Please email a copy of your invoice to customercare@sniip.com. Alternatively, call our Sniip Support Squad on (07) 3268 7710 and we’ll be happy to assist you and expedite the review process, where possible.

Please note: If a biller has already been reviewed and restricted, you will receive a ‘blocked biller’ message and the pay button will be disabled. If you believe this is a mistake, please contact us. 

 

3.What’s this about ‘scan any bill?’ How does that work?

Using the Sniip app, you can hover your camera over any BPAY Biller Code and have your bill (either paper or digital bill from your laptop or tablet) imported into the Sniip app, ready for payment. 

This means no more manual entry of BPAY Biller Codes or long reference numbers. When you scan, they’re all imported for you!

It’s a very cool feature and we’d love you to check it out! The concept is the same as scanning a QR code, but instead you’re scanning the BPAY Biller Code and reference number on the bill.

Here’s a quick, ‘how-to’ for scanning in your first BPAY Biller Code using Sniip.

  1. Open the Sniip app, tap the ‘+’ button and select ‘Scan any bill’. 
  2. Hover your camera over the BPAY Biller Code on your bill. 
  3. A digital version of your bill will be imported into the Sniip app ready for payment.

4. What does ‘auto import’ mean? What is this magic?

This is hands-down one of our favourite features in the Sniip app and the best way to keep track of your bills. 

How? We’ll scan your inbox for any bill you can pay with Sniip and automatically add it into the Sniip app ready for your payment. We’ll send you a handy push notification when the bill arrives meaning you’ll never miss a bill payment again. 

Is it safe? Absolutely! At Sniip we’re proud to have achieved Tier 1 in the Payment Card Industry, Data Security Standards (PCI DSS) – this is the same, stringent level as banks. 

Ready to get set-up? Here’s how: 

  1. In the Sniip app, tap the menu in the top left corner 
  2. Select ‘Import from email’, then select your chosen mail provider 
  3. Connect your email address. Done!
 

5. How do I invest in Sniip?

This continues to be one of our most commonly asked questions and is a top search of Google.

Thank you for your interest in investing in Sniip.  

Right now, Sniip is an unlisted public company. If you would like to discuss investing in Sniip, please contact investors@sniip.com.

 

Sniip on Channel Nine’s Today Show

Sniip on Channel Nine’s Today Show

Did you catch Sniip on the Channel Nine’s Today Show? The team were having a bit of fun with our name 😉 What a hoot!

Allison Langdon to father of three Alex Cullen: “Sniip’s free!” ✂️
Karl Stefanovic: “It’s definitely going to save you money!” 👶 💸

Lucky we spell ‘Sniip’ with two i’s … but we’ll still save you money!!

Thanks Effie Zahos and Canstar.

Sniip as featured on The Today Show, 5 November, 2021. 

All your Amex questions answered

There is a 1.5% processing fee for using any Amex card with Sniip. 

Yes. If you have a rewards credit card you will earn FULL POINTS on all your bills at 1.5%. 

Sure can! Sniip allows users to pay most billers with an Amex card using a BPAY Biller Code and Reference Number. 

Please note: Unfortunately DEFT payments are not currently approved with Amex. 

Why? There are some additional Amex requirements which we need to satisfy in order to process DEFT payments. We hope this will be available in the future and will let you know as soon as DEFT is available for Amex cards again.

This breaks our heart but we’re working on a solution. 

Unfortunately, as DEFT payments don’t allow us to see who the final bill provider is, they are not currently approved with Amex. 

Rest assured, we’re working on a solution and hope to turn DEFT back on in the near future.

You are still able to use a Visa or Mastercard for DEFT payments. We will let you know as soon as DEFT is available for Amex cards again.

Sniip has a direct partnership agreement with Amex. This allowed our processing fee to drop from 2.2% (2020) to 1.5% (2021 and beyond). 

The advantage of using Sniip is that you earn on all your bills using Sniip (including at the ATO).

Unfortunately, we are restricted from allowing payments to certain billers using credit facilities, as determined by BPAY and our banking partners. 

This means, you aren’t able to pay credit facilities with a credit card. Should you wish to pay this biller with a debit card (0% processing fee), we could facilitate this transaction.

When you add a credit card to the Sniip app, we process a $1 charge to authorise your card. Rest assured this amount is refunded in full to your card within 48 hours.

Fast Five: Our most commonly asked questions this week July 2021

1. How will I know when the payment is received by the biller? 

The bill is paid to your biller via BPAY the same day we receive the funds (generally the next business day). 

The biller has to recognise the date of payment being the day it was paid via BPAY. 

This is shown on the confirm screen before you submit the payment and you can also see this in the History section of your Sniip app.

2. I pay my rent via BSB and account number. Can your app be used to pay that or is it BPAY only?

Unfortunately we currently don’t offer payments to BSB and account numbers. We’re currently working on a solution and we’ll keep you posted! 

3. How many points can I earn by paying ATO with my credit card? Would paying via Sniip offer a higher reward point earning?

We’re pleased to confirm you earn your full amount of loyalty points when paying with Sniip, irrespective of the card. 

4. Why can’t I pay DEFT with my AMEX via Sniip?

We are currently working on this with AMEX. It’s a regulatory issue and we believe it can be overcome.

There are lots of customers who want to pay DEFT bills and we are just as keen to allow them. 

We’ll  keep you posted on our progress but hopefully not far away now!

5. With the $10 referral offer that I received. Does it expire? I don’t have to pay bills for a little while and want to make sure I don’t miss out.

Currently we don’t have an expiration date on referral codes, but we are planning to add one in the next few months. But you will be good for at least a few months.

Fast Five: Our most commonly asked questions this week

1. Can I pay with my credit card without using Apple Pay?

You sure can! You can manually add or scan your credit/debit cards. To do this, select the “Wallet” tab at the bottom of the Sniip app, then select the small “+” icon in the top right corner of the screen. You can then add your card details.

When making a bill payment, Apple Pay is the default payment method. To select an alternate payment method, simply swipe right on the Apple Pay logo to select your preferred option.

2. Why was my Amex card charged $1 before paying a bill?

When you add a credit card to the Sniip app, we make a $1 authorisation charge to the card. This dollar will be refunded back to you as soon as possible. 

3. Will I earn points when using other credit cards that are not Amex?

Great question! You are still eligible to gain points using any credit card attached to a loyalty program. When using one of these cards, you will gain full points when using the Sniip app to pay your bills. 

4. Can I make partial payments to billers that only accept full payments?

In the Sniip app, we allow users to set-up instalment plans (using their own money) to pay off their bills. Unfortunately, certain billers require you to pay the full amount in one transaction. Examples of payments that cannot be paid in installments include, car registration, fines and licence renewal fees.

5. Why can’t I make a payment to another credit card or debt facility using a different credit card?

Unfortunately, there are restrictions in place for payments to certain billers using credit cards, as determined by BPAY and our banking partners. This includes not being able to pay credit facilities with a credit card.  If you wish to use a debit card to pay this biller, Sniip may be able to facilitate this transaction, depending on the bill you are paying.

Do you have any questions about Sniip? Call us at (07) 3268 7710 or email at customercare@sniip.com

Sniip | BPAY Group’s open access and collaboration

Sniip rewards customers thanks to BPAY Group’s open access and collaboration

Mobile bill payments platform Sniip is allowing customers to pay their bills using American Express or Apple Pay after building a unique connection with BPAY.

The innovative service was made possible using BPAY Group’s open access and collaborative approach to new partnerships. This will cut the time and cost of connecting with the popular payment service.

“BPAY has opened up their tech capability to allow partners like us to create a superior user experience for customers wanting to access the BPAY biller network and its payment rails,” says Sniip CEO Damien Vasta.

For Sniip, it means that customers can still accrue reward points when paying bills on any credit card. The bill payment is ultimately routed through the lower cost BPAY network, which includes more than 60,000 billers. They can also choose to pay with their bank account and pay no transaction fee.

“We give the customer a choice at the front-end of the transaction as to how they want to pay. The best part is that while we are giving customers that flexibility, it does not cost the biller. The payment is arriving to the biller through BPAY in the same way that it would normally be received via a bank,” said Vasta.

Control and flexibility

It gives customers even greater flexibility to choose the account or card they want to pay bills with, on top of the control they already enjoy with BPAY.

While around 20% of consumers use direct debit to pay bills[i], there are many frustrations felt by consumers. This includes needing to update card details when they expire and getting charged more than they expected[ii].

Sniip brings the control of BPAY into one app that is not tied to a single banking institution, which may limit bill payments to its own bank accounts or a linked credit card.

“We started out thinking we needed to be an alternative to BPAY. But we realised that BPAY is just so ubiquitous and trusted by customers that we need to embrace and collaborate with them,” says Vasta.

Sniip initially launched in Queensland in 2015. But its recent decision to partner with BPAY increased the number of billers it could accept to over 60,000 and potential access to an extra 1.5 million daily bill payments.

Sniip continues to build new features

BPAY Group launched a range of APIs in 2019 and to date more than 60 companies have already used the APIs to bring the BPAY service to their customers.

“BPAY APIs are critical. It won’t be where the Sniip product ends, but it’s certainly where the product starts and where we want to really make an impact,” said Vasta.

BPAY Group recently launched two new APIs: a Submit BPAY Payment and Manage BPAY Biller, which bring real time capabilities to the service.

Sniip also offers customers enhanced features. These include the automatic importing of a bill from an email account, payment scheduling, reminders, and comprehensive receipt storage. Customers can scan their bill with the app rather than manually entering the BPAY biller code and reference number. Sniip allows customers to pay securely via face ID, fingerprint or PIN.

Sniip said it plans to include new bill payment options beyond popular credit and debit cards. This will potentially include loyalty points, bill smoothing finance (Buy-Now-Pay-Later), and cryptocurrencies. Several other innovations are also being developed to make life simpler for businesses. This will include being able to send invoices and customers being able to pay them via Sniip.

“One of the most exciting features that we’re going to be rolling out shortly is BPAY View, which will be the first time it will be made available within a ‘bank agnostic’ bill payment app,” said Vasta.

“This means that all BPAY View-enabled billers will be available to Sniip customers. They will be able to receive household bills digitally and make payment with one click,” he added.

Published by BPAY Pty Ltd (ABN 69 079 137 518) email: marketing@bpay.com.au. The BPAY Scheme is managed by BPAY Pty Limited. When you use BPAY payment products, the BPAY Scheme is paid fees relating to processing costs and BPAY Scheme membership. Contact your financial institution to see if it offers BPAY payment products and to get the Product Disclosure Statement. Any financial product advice provided by BPAY Pty Limited in relation to BPAY payment products is general advice only and has been prepared without taking into account your objectives, financial situation or needs. Before acting on such advice, you should review the Product Disclosure.

[i] RFI Payments Diary 2020
[ii] RFI Digital Banking March 2021

25 May 2021 – By Collaborative Media & Publishing

Visit article: https://bpaygroup.com.au/news/articles/sniip-rewards-customers-thanks-to-bpay-group%E2%80%99s-ope

Fast Five: Our most commonly asked questions this week

1. Can I pay with my credit card without using Apple Pay?

You sure can! You can manually add or scan your credit/debit cards. To do this, select the “Wallet” tab at the bottom of the Sniip app, then select the small “+” icon in the top right corner of the screen. You can then add your card details.

When making a bill payment, Apple Pay is the default payment method. To select an alternate payment method, simply swipe right on the Apple Pay logo to select your preferred option.

2. Why was my Amex card charged $1 before paying a bill?

When you add a credit card to the Sniip app, we make a $1 authorisation charge to the card. This dollar will be refunded back to you as soon as possible. 

3. Will I earn points when using other credit cards that are not Amex?

Great question! You are still eligible to gain points using any credit card attached to a loyalty program. When using one of these cards, you will gain full points when using the Sniip app to pay your bills. 

4. Can I make partial payments to billers that only accept full payments?

In the Sniip app, we allow users to set-up instalment plans (using their own money) to pay off their bills. Unfortunately, certain billers require you to pay the full amount in one transaction. Examples of payments that cannot be paid in installments include, car registration, fines and licence renewal fees.

5. Why can’t I make a payment to another credit card or debt facility using a different credit card?

Unfortunately, there are restrictions in place for payments to certain billers using credit cards, as determined by BPAY and our banking partners. This includes not being able to pay credit facilities with a credit card.  If you wish to use a debit card to pay this biller, Sniip may be able to facilitate this transaction, depending on the bill you are paying.. 

Do you have any questions about Sniip? Call us at (07) 3268 7710 or email at customercare@sniip.com

How this app could help ease the pain of paying bills

Ease the pain of paying bills with Sniip

Hate paying bills, either because you forget them, prefer to avoid direct debits, or don’t like to manually enter the details each time?

If so, you could consider downloading the mobile payments platform Sniip, a rather unique app that’s aiming to make paying bills quicker and easier for Australians.

What is Sniip?

Sniip is a mobile app which allows bills to be digitally-scanned, stored and paid for via the app. Essentially, Sniip can scan the bill’s BPAY biller code, generating a digital bill that can be paid for through the app with the user’s stored payment method such as a credit or debit card. This saves the user from the tediousness of having to enter the biller code and account number manually, with Sniip boasting that the app lets you pay a bill in under 20 seconds.

Initially launched in Toowoomba back in 2014 by Founder and CEO Damien Vasta, Sniip has since established partnerships with Australia Post, BPAY, and also American Express. The app is unique as it is the first mobile payment solution to sit outside of the banking sector.

Customers can register to have all future bills sent straight to the app, such as:

  • Energy bills
  • Phone and internet bills
  • ATO tax bills
  • Rent and body corporate payments
  • Insurance – car, health, home and contents etc.
  • School fees
  • Rates and water
  • Car registration and more.

Sniip can connect with every financial institution and biller in Australia, and according to Mr Vasta, it represents the first real change to the payments landscape since BPAY decades earlier.

“When BPAY was introduced in 1997, its centralised online bill payment capabilities revolutionised bill payment for Australian consumers practically overnight,” he said.

“This new partnership and its bank and card-agnostic solution is designed to enhance this capability by providing Australians with a fast, simple, and seamless means to pay any bill through any bank and using any type of mobile.”

Essentially, Sniip was designed to minimise the number of steps required for a customer to pay and manage bills.

“The process is cumbersome and time-consuming and often very restrictive. We thought ‘if you can walk into a store and tap your phone or card against the terminal and make a quick payment, then why can’t you do something of an equivalent nature against a piece of paper that is your bill?’” Mr Vasta told Savings.com.au.

“We want to be the default bill payment app for every single Australian bill.”

While it’s still some way off that ambitious goal, Sniip has so far acquired about 43,000 users and is growing by about 100 customers per day. In March 2021, $12 million worth of bills were processed through the app.

“We don’t profess to make bill payments fun. What we say is we make them less unpleasant,” Mr Vasta said.

Related: See the best budgeting and savings apps in Australia

How does Sniip work?

While it might sound complicated, the easiest way to describe Sniip is to say it aggregates all payment and bank networks into one central place and lets you pay your bills from there. This means that with Sniip, you can also pay with whatever card or bank you like for whatever bill you like, regardless of any restrictions that normally exist.

“We consider ourselves to be the first customer-centric bill payments platform in the market, certainly from a mobile point of view,” Mr Vasta said.

“What if a customer has multiple accounts across different institutions and they want to switch between them in order to make a payment from one month to the next for the same biller? That’s not customer-centric, that’s bank-centric.

“We’ve aggregated the billers through BPAY and we’ve aggregated the payment sources because you can use a debit card from any institution, you can use a credit card of any kind.”

How can you use Sniip?

Sniip is available to download on either Android or Apple phones from their respective app stores and is also compatible with Apple Pay (Google Pay is planned). It’s available on iOS devices 10 or later and Android versions 6.0 or later, and can be accessed via PIN, Touch ID and Face ID logins.

Is Sniip secure?

Sniip is secure to use, encrypting and safely storing all personal data. Credit/debit card information is only sent to verified third parties at the time of purchase. Once you make a payment, the app requires you to verify your identity with your PIN or ID login.

Can you earn rewards points with Sniip?

According to Sniip’s website, credit card users can still earn exactly the same number of rewards points they would earn through regular purchases and payments. Sniip also has a direct partnership with American Express, enabling Amex customers to access the American Express Offers Program for special discounts and cashback offers.

“Amex is the best at rewarding customers for making payments with their card, and an Amex customer typically has the money to pay that bill, but they want something more for that payment than just being able to actually give someone their money,” Mr Vasta said.

“We’ve opened up that whole Amex market to customers who want to not just buy things but pay for things with an Amex, and most billers or their bank don’t allow that.

“We’ve aggregated the whole BPAY biller network for those customers so that, irrespective of whether the bill allows an Amex payment or not or whether you can pay BPAY with an Amex in your banking app Sniip makes that all possible.”

American Express cards are typically charged a higher credit card surcharge, but because of Sniip’s partnership with Amex, it claims it can offer a surcharge of 1.5%, which is the same as Visa or Mastercard.

“We consider it to be the most attractive fee for an Amex card payment in the market when it comes to paying a bill.”

What features does Sniip have?

Aside from those already mentioned (bill consolidation, secure payments, and a central location for credit card reward points), Sniip also offers a variety of features like:

  • Automatic bill scanning (it can even read your emails and pull bills from there)
  • A transactions history showing all past bills and payments
  • PDF and document storage
  • Schedules, reminders, and push notifications, to help you never forget a bill
Sniip lets you upload bills straight from your email or PDF file. Source: Sniip

“Why would someone use Sniip over their bank? Because they have choice,” Mr Vasta said.

“They can go from one bank to the next, from one card to the next; they can schedule a bill to be paid on the due date and not a day before, they can schedule the bill to make sure that they never miss an early payment discount or pay a late fee, they can pay it on the spot if they want to.”

Related: How regular reminders could save you thousands on your household bills.

Does Sniip cost anything to use?

Sniip does not charge any personal fees for customers to use it; the only costs incurred are those charged by the bank or credit card company for making payments, such as a surcharge. It’s also free to download.

“We want to be everything that you can do through a bank but more. If you’re not interested in a credit card and you want to use a debit card, it will cost you nothing to use Sniip,” Mr Vasta said.

In fact, Sniip could actually save you money, whether that’s through no longer paying late fees, or by eliminating paper bill fees. These fees are commonly charged by phone, internet and energy providers, such as:

  • AGL: $1.75 per bill
  • Origin: $1.75 per bill
  • Energy Australia: $1.69 per bill
  • Elysian Energy: $3 per bill
  • Optus: $2.20 per bill
  • Telstra: $2 per bill

Automating your payments through Sniip can help you avoid these.

Who can benefit the most from using Sniip?

Mr Vasta says Sniip has identified three key profiles of people who can benefit the most from Sniip:

  • The ‘Points Hunter’
  • The ‘Life Juggler’
  • The ‘Figure Out-er’

But According to Mr Vasta, Sniip has got something to offer every bill payer in Australia.

“We’ve built a platform that now is what I consider to be state of the art. You can use a debit card from any institution, you can use a credit card of any kind,” he said.

“We’re talking about minimising the number of steps required for a customer to pay a bill and giving them the ultimate choice as to how they pay.

“Order where there’s otherwise chaos: one central repository for receiving and paying.”

The ‘Points Hunter’
The points hunter isn’t an exclusive demographic to Sniip, but Mr Vasta says they’re someone who can get a lot of value out of it. Points hunters are those who use their credit cards for as many payments and bills as possible in order to maximise their rewards and frequent flyer points.

“They want to be able to get some type of reward for their spending, and that’s what the whole loyalty scheme mentality is about: because they feel as though they’re going to spend that much money, they would like something in return,” Mr Vasta said.

“If credit cards are used responsibly, they can still be an effective tool for managing finances.”

A common roadblock points hunters run into is not being able to use their card for certain things or not earning as many rewards points on some purchases – particularly Amex users. By consolidating every payment into Sniip and bypassing these restrictions, rewards card fans can potentially get better value from their plastic.

See also: 11 ways to maximise your rewards points

The ‘Life Juggler’
The life juggler is another type of user that is simply too busy to manage all their finances manually, and who uses Sniip simply because “it gives them order in their life”.

“They’ve got a busy home life, they’re juggling family, they’re juggling kids, they’re juggling their own work, they’re juggling all of the issues associated with managing that work-life balance,” Mr Vasta said.

“But yet when you receive an email bill with a static PDF attachment that doesn’t actually connect you to a payment, it’s something you put to one side because it requires time, and time is something that life juggler has very little of.

“So Sniip is designed to minimise the amount of time required to pay and to manage a bill. Once the bill comes in with Sniip you can schedule it to be paid on the due date and never have to worry about it again.”

Some of the other features Sniip has, like record-keeping and reminders, can also help bill jugglers get by more easily.

The ‘Figure Out-er’
The figure out-er is the final key user, and they’re more of the new breed of bill payer: someone who expects paying to be easy and flexible.

“To them, the whole ability for people to actually pay is generally mobile intuitive, so they say: why is it that we’re asked to be doing so much manual entry of digits in order to affect banking payments?” Mr Vasta said.

“They need to know it’s secure but they need to make it quick, and Sniip makes bill payments quick.”

For this new generation of payer, credit cards are much less popular, while payment methods like buy now, pay later (BNPL) and newer digital banks are on the rise.

With Sniip, neobanks like 86 400 and Up Bank can all be loaded into the Sniip wallet, as can BNPL platforms like Afterpay and Zip.

“We’re effectively giving people the opportunity to merge their buy now pay later retail habits into their non-discretionary bill payment habits.”

Related: Why is BNPL so popular with younger generations?

Outside of these three groups, Mr Vasta said Sniip had seen unexpected success with elderly Australians and even some customers with disabilities. March 2021 data from Sniip shows 13% of its customers were over 65.

“That tells me that we are easy to use, and I believe that generation is actually more comfortable with a smartphone than they are with a PC,” he said.

“This whole user friendly, intuitive smartphone era has allowed them to actually start using technology in a very easy to use, understandable manner.

“We’ve even got some people who suffer from dyslexia that actually like using our app because they don’t have to worry about getting the numbers in the wrong order, whereas they’d have to manually enter them otherwise.”

Are there any negatives to using Sniip?

Perhaps predictably, Mr Vasta said he “doesn’t see any downside to using Sniip”.

“It’s an alternative payment option: it’s mobile, it’s cheaper than the others, it’s easy for us to implement and it shows that we’re being innovative and we’re responding to the shift from a desktop environment to a mobile environment.”

While it’s not surprising the founder would say such a thing, it’s hard to argue with his assessment.

Although still small, Sniip can already be used by pretty much anyone from any bank or credit network, is free to use (and in the case of American Express can actually be cheaper to use), and aims to make paying bills easier. For some users, it could actually let them pay their bills where they couldn’t before.

To nitpick, one potential issue that could arise from using Sniip is potentially spending too much with a credit card for the sake of points, particularly if it’s a high-interest card. Another is you could end up relying on it too much, so if anything were to ever go wrong, having to pay a manual bill again could prove difficult.

But those are stretching it. Sniip seems to go out of its way to responsibly consolidate people’s bills and make payments easier for them in a secure way.

Savings.com.au’s two cents

Savings.com.au regularly highlights apps that help people with their money, and Sniip so far appears to be one of the best of them. In an increasingly digital world, staying on top of bills and money can be difficult and frustrating, so an app that manages these for you sounds like a great idea.

It’s no secret that Australians struggle with bills, spending 40% of their monthly income on them on average. Around two-thirds of Australians experience ‘bill shock’ at some point, while more and more are choosing to delay their bills out of necessity. An app like Sniip could help mitigate these issues.

Ultimately you’ll have to download the app and give it a try for yourself, but Sniip really does seem like it has something for everyone.

Visit article: https://www.savings.com.au/credit-cards/what-is-sniip-app-revie

FinTech Australia Finalists Announced for “Finnies” Awards

FinTech Australia Finalists Announced for “Finnies” Awards

FinTech Australia has announced the 2021 finalists for its annual “Finnies” award. According to an email, the group received 290 award entries across 20 categories. The category winners will be announced in person this year on June 9, 2021, at The Forum in Melbourne.

FinTech Australia CEO, Rebecca Schot-Guppy, stated:

“We are thrilled with the quality of applications and the finalists, a testament of the growth, and strength of the Fintech ecosystem. We are excited to celebrate the hard fought achievements of the ecosystem at this year’s Finnies.”

For 2021 the group will announced its inaugural Hall of Fame inductees to commemorate two companies that have made a lasting impression on the Australian Fintech industry’s overall development.

This year’s finalists are as follows:

BEST WORKPLACE DIVERSITY
Adatree
Bizcap
Brighte
CampaignAgent
Fupay
loans.com.au
TRAction

EMERGING FINTECH LEADER OF THE YEAR
Alex Harper, Swyftx
Belinda Hogan – 86 400
Ivan Tchourilov, OpenMarkets Group
Jessica Joyce, Fupay
Jill Berry, Adatree
Patrick Coghlan, CreditorWatch
Rhys Davis, Fresh Equities
Stephanie Gillon, Flare

FEMALE FINTECH LEADER OF THE YEAR
Carolyn Breeze, GoCardless
Jessica Joyce, Fupay
Jill Berry, Adatree
Joanne Edwards, WISR
Jodi Stanton, Rush Gold
Naby Mariyam, Coverhero
Natalie Dinsdale, Athena Home Loans
Simone Joyce, Paypa Plane

OUTSTANDING FINTECH LEADER OF THE YEAR
Alex Harper, Swyftx
Ben Williamson, Fresh Equities
Carolyn Breeze, GoCardless
Christian Westerlind Wigstrom, Moonova
Clayton Howes, MoneyMe Group
John Winters, Superhero
Katherine McConnell, Brighte
Simone Joyce, Paypa Plane

EXCELLENCE IN ESTABLISHING MARKET PRESENCE: GLOBAL
Openpay Group Limited
Rush Gold
Verrency
Wallet of Satoshi

EXCELLENCE IN INDUSTRY COLLABORATIONS & PARTNERSHIPS
Fillr
Flare
Fupay
Look Who’s Charging
MoneyMe Perks – Freestyle virtual Mastercard & Cashrewards
CampaignAgent
Rush Gold Bullion Mastercard by Rush Gold and EML Payments
Sniip partners with American Express and Apple Pay

EXCELLENCE IN BUSINESS LENDING
Banjo Loans
Business Fuel
Butn
GetCapital
Prospa
OnDeck Australia
Radium Capital
Valiant Finance

EXCELLENCE IN CONSUMER LENDING
Athena Home Loans
Brighte
Fupay
loans.com.au
MoneyMe Ltd
Tic:Toc
Wisr
86 400 smartbank

EXCELLENCE IN PAYMENTS (including Remittance/FX)
DiviPay
GoCardless
Medipass
Monoova
Split Payments
Verrency
Wise
Zip

EXCELLENCE IN BLOCKCHAIN/DISTRIBUTED LEDGER
AgUnity Pty Ltd
BOULEVARD Global Ltd.
CommChain Pty Ltd
Hutly
Meeco
Oxen
Pellar Technology
RelayPay

EXCELLENCE IN CRYPTO AND DIGITAL CURRENCIES/WALLETS/EXCHANGES
Binance Australia
Cointree
Dacxi Australia
e-Pocket Pty Ltd
Elbaite
Independent Reserve
Swyftx
Wallet of Satoshi

EXCELLENCE IN INSURTECH
Coverhero
Digital Agriculture Services (DAS)
FreightSafe
Open Insurance
uBind
UpSure – Innovators Insured

EXCELLENCE IN REGTECH
Adatree
Arctic Intelligence
ComplyAdvantage
Fenergo
FrankieOne
LAB Group
TRAction

EXCELLENCE IN WEALTH MANAGEMENT (INCLUDING PFM AND ROBO)
Fresh Equities
Frollo – PFM platform
Fupay
myprosperity
Raiz Invest
Sharesight
Superhero
Stockspot

EXCELLENCE IN SUPPORT SERVICES
CreditorWatch Online Credit Risk Services
eftpos Payments Australia Limited
King & Wood Mallesons
K&L Gates
Startupbootcamp Australia 2020 Program
Stone & Chalk
The Fold Legal
UK Department for International Trade

EXCELLENCE IN OPEN DATA
Adatree
Basiq
Biza.io Platform:
Envestnet | Yodlee
Frollo

DEAL OF THE YEAR
NextGen.Net & Frollo
Quadpay & Zip
Rakuten Inc. & Fillr
Wirecard Australia and New Zealand & Change Financial
86 400 & National Australia Bank Limited (NAB)

BEST PARTNERSHIP OF THE YEAR
Adatree and Verifier
Athena Home Loans and PwC Australia
BOQ and Frollo
CreditorWatch and Open Analytics Partnership
Rush Gold and EML Payments
SISS Data Services and Intuit QuickBooks
Superhero and Split
Valiant Finance and Australia Post

EMERGING FINTECH ORGANISATION OF THE YEAR
Adatree
Beforepay
Brickfloor
FrankieOne
OpenMarkets Group
Superhero
WeMoney
86 400 smartbank

FINTECH ORGANISATION OF THE YEAR
Athena Home Loans
Fresh Equities
Monoova
Prospa
Tic:Toc
Up
Verrency
Wisr

Read article: https://www.crowdfundinsider.com/2021/05/174892-fintech-australia-finalists-announced-for-finnies-awards/

Fast Five: Our most commonly asked questions this week April 27

1. My BPAY Biller Code isn’t accepted, what can I do?

Great question! If you’re the first person to make payment to a specific biller in the Sniip app, you’ll receive a pop-up that says “Biller is not available”. 

Please contact us via customercare@sniip.com or call (07) 3268 7710. We will review the bill you’re attempting to pay and where possible, add the biller to our system. 

Sniip has restrictions on some billers. These include: 

  • Remittance service provider
  • Charities & non-for-profits 
  • Intermediaries
  • Payday lenders
  • Internet gambling
  • Casinos
  • Goods dealers
  • Foreign exchange currencies
  • Securities and derivatives
  • Managed investment schemes
  • International business operations
  • International students or travel products
  • Hiring and leasing
  • Banking and financial institutions

If you believe you should be able to pay any of these billers, please contact Sniip and we will evaluate your biller on a case by case basis. 

2. Can I pay a bill with BSB and account number?

Yes! On April1, 2022 we allowed you to connect your bank account to the Sniip app with a BSB and account number. This means you can pay a bill with a BSB and account number. Please note that you must successfully verify your Sniip account to be able to make payments from your bank account in the Sniip app.

There is no processing fee for paying a bill with BSB and account number, it is completely FREE. 

3. What’s the cost to use the Sniip app?

Sniip is a free app that allows customers too easily make bill payments from their phones or tablets!. There are no subscription fees, service fees or other hidden costs.

Debit cards are completely free to use in the app. Visa, Mastercard and Amex credit cards incur a 1.5% (incl GST) processing fee, however you receive full points on your bills (including the ATO). This is the lowest possible surcharge you can pay when making a bill payment using a credit card.

4. Can I set up a recurring payment for my bills?

Absolutely! To create a recurring payment, follow these simple steps: 

1. Import your bill to the Sniip app using your chosen import method 

2. Tap on the bill you’d like to pay from the home menu

3. Tap ‘schedule’ from the bottom right of the screen

4. Select ‘create recurring payment’ 

5. Choose the amount you’d like to pay and the frequency you’d like to pay it. Then choose the end date, or select no end date. Done!

5. How do instalments work? Is it Buy Now, Pay Later?

Sniip provides users with the flexibility to pay their bills in instalments before the bill is due. Currently, we do not offer a ‘Buy Now, Pay Later’ option in the Sniip app. 

To create an instalment payment, follow these simple steps: 

  1. Import your bill to the Sniip app using your preferred import method 
  2. Tap on the bill you wish to pay and select “Schedule”
  3. Select “Create Instalment Plan”
  4. Input the bill due date and the number of instalments you wish to pay.
  5. An instalment schedule will be populated for you to ensure you’ve got the right amount of money to pay your bill when it’s due. 

Please note: To allow for adequate processing time and ensure your bill is paid on time, the money will be debited from your account three days before the bill due date. 

If you have any questions, please email customercare@sniip.com or call (07) 3268 7710.