With online shopping now part of our daily lives - from your weekly food shop to the things you simply want to buy - it’s easy to make purchases online with StepPay.
Been browsing up a storm?
Whether you’re looking to buy a quality frypan to up your dinner game, you’ve run out of lockdown board games or your mattress needs replacing, when shopping online with StepPay the hardest part is doing the research and deciding what you want.
Once chosen it’s easy to pay for it online and we’ll automatically split your purchases of $100 or more into four equal, fortnightly repayments. For purchases under $100, the full amount will come out of your linked CommBank account in one go, two days after the transaction is posted to your StepPay account.
How StepPay’s buy now, pay later works at the online checkout
Once you’ve settled on your online purchase, paying for it isn’t all that different from what you’re used to when paying with a debit or credit card. When you get to the online checkout - where you would usually select the card you want to use - you simply enter the details of your virtual StepPay card. It’s simple to access your virtual card in a few simple steps:
Step one: Jump into your CommBank app and tap Cards at the bottom
Step two: Swipe to find StepPay and press on the card or ‘Card settings’
Step three: Now you can see the card number and the hidden expiry and CVC, simply press ‘Show details’ or ‘copy card number’
Step four: At checkout, enter these details manually or simply paste and hit purchase
Once your payment is processed, leave StepPay to automatically deduct the repayments from your linked CommBank account. Nothing for you to do here, all the work has already been done when you set up StepPay in the first place.
StepPay is equally easy in-store
If you’re shopping in a physical store, it’s just as easy to pay with StepPay. Maybe even easier.
At the register, StepPay works the same as all the digital cards in your digital wallet. You just go into your wallet, select your StepPay card and enter your pin or let facial recognition works its magic. Then you just tap it.
Note that you can set up StepPay as your primary card of choice which means it comes up by default when you open your digital wallet, making it even faster at checkout time.
A new buy now, pay later product with a completely digital card, you won’t have to wait for a “card” to be delivered or a letter explaining how to activate it before you can spend. With StepPay, your card can be added to your digital wallet in minutes and you’re free to purchase that cookware.
And you have the security and convenience of having StepPay there in your digital wallet.
FAQs
You just go into your wallet, select your StepPay card and enter your pin or let facial recognition works its magic. Then you just tap it. Note that you can set up StepPay as your primary card of choice which means it comes up by default when you open your digital wallet, making it even faster at checkout time.
Do you pay anything upfront with StepPay? ›
When you make a payment equal to or greater than the Minimum Amount using StepPay, instead of paying the full amount upfront, we split the full amount into four, equal repayment amounts, and automatically deduct each of the four repayment amounts from your linked CommBank repayment account, every consecutive fortnight ...
How do you pay when ordering online? ›
Using a credit card; Using a debit card; or. Using an online payment service provider such as PayPal.
What is the minimum spend on StepPay? ›
With StepPay, you'll be able to split purchases of $100 or more into four fortnightly repayments. Smaller purchases under $100 will come out of your linked CommBank account in one go, two days after they're posted to your StepPay account.
How do I use step pay to buy online? ›
You just go into your wallet, select your StepPay card and enter your pin or let facial recognition works its magic. Then you just tap it. Note that you can set up StepPay as your primary card of choice which means it comes up by default when you open your digital wallet, making it even faster at checkout time.
How do I pay online transactions? ›
They can use different types of online payment methods, including debit/credit cards, wire transfers, net banking, and digital wallets.
Which payment method do you use for online shopping? ›
Credit and debit cards are the most common payment methods for ecommerce transactions. They allow customers to make payments quickly and conveniently. Digital wallets, such as PayPal, Apple Pay, and Google Pay, have become increasingly popular.
What is the way to pay online? ›
Cards are still the most-used payment method, with American Express, Mastercard, Visa as large global card schemes. Even though they're recognized globally, other payment methods like online banking, direct debit, digital wallets, or Buy Now Pay Later (BNPL) are more common elsewhere.
How does step pay work? ›
Buy now, pay later and stagger your repayments
You can use StepPay to make purchases of between $100 and $2000, and then split your repayments into equal, more manageable instalments. These will automatically come out of your linked CommBank repayment account.
Is StepPay like Afterpay? ›
While aspects of StepPay like the upfront credit checking, lower merchant costs, and ability to use the card anywhere are different to Afterpay, other aspects of the product are similar, including limiting customers who are late on repayments from using the product again until all payments are up to date.
The Step card
Secured credit cards function similarly to a debit cards but unlike a debit card, they can help improve your credit score. With the Visa Step Card, teenagers are only able to spend up to the amount that's deposited in their Step bank account. If your account has $100, you can only spend $100.
Is Step pay worth it? ›
The only added costs associated with these repayments are fees for late repayments, which are often around $10. StepPay is beneficial for customers who do not want to pay extra fees for having a credit card, especially if they will not be using the Buy Now Pay Later service frequently.
How do I pay with my phone? ›
Hold your Android device near the card reader and wait for the checkmark. Pay with your default card or select another. Google Pay will handle the rest. Order free stickers for your business to let customers know you accept Google Pay.
How do I transfer money from my step to my bank account? ›
Open your Step account and tap Move Money at the bottom of the screen. Scroll down to Linked Accounts and tap Link a Bank Account. Follow the log in and link your account.
Do you pay anything upfront with Afterpay? ›
We pay the retailer in full and upfront on your behalf. You pay for the first instalment of approx. 25% at the time of purchase, and the remaining three instalments will be automatically deducted from your nominated debit or credit card over the following six weeks. How do I set up an Afterpay account?
How does step pay work under $100? ›
If a transaction less than $100 is made on StepPay, CommBank will deduct the full amount from the cardholder's account. StepPay has a $0 monthly fee, with no interest, and no international transaction fees.
