Is there a 20% upfront annual discount?
Yes, paying 12 months in advance gives a 20% discount on the subscription fee (not on KYC or KYB transaction fees).
Paying 12 months in advance gives a 20% discount on the subscription fee. The discount is always available on any tier.
Worked example on Professional ($449+GST monthly):
- Payment option: Monthly in arrears, Annual cost (subscription only): $5,388+GST.
- Payment option: 12 months upfront; Annual cost (subscription only): $4,310.40+GST; Saving: $1,077.60+GST
That's an effective monthly rate of around $359 on the prepaid option.
Monthly payment is also available and billed in arrears for the prior month — there's no surcharge for monthly billing, just no discount. The choice is a cash-flow question: 20% off in exchange for putting the cash out up front.
Transaction fees are billed monthly in arrears regardless of which subscription payment option is chosen. The $220/month transaction credit on Professional still applies on the prepaid option and rolls over for up to 6 months.
To apply the discount: if you're considering it, ask your BDM to update the quote - they can issue a revised Service Proposal with the upfront discount applied.