“Payble” app review: how it works


Why do all the most expensive bills seem to be due at the same time? If you’re struggling to keep control of your bills, “Payble” could be your white knight.

There is nothing worse than a bunch of bills coming in all at once, leaving you feeling overwhelmed with “bill shock”. Since the start of the pandemic, many people have struggled to get their bills under control.

The NAB Financial Stress Index recently showed a 4.6% increase for low-income workers; The “growing economic divide” between low-income and high-income workers is the largest since the start of 2020. Additionally, utility disconnections are occurring at an “ever-increasing” rate.

Enter Payble, the new fintech app that aims to combat ‘bill shock’ and reduce billing stress, helping consumers to proactively coordinate and manage their bills.

In this article we will cover:


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What is Payable?

Payble is a smartphone app that will help consumers manage their bills from their pocket. Users see all of their invoices in the app and will receive “smart” notifications, alerting them when their invoices are due. By doing so, they can preemptively access flexible payment options, like paying their bills in installments or requesting an extension of payment from their utility provider if necessary, to avoid the stress of billing.

Payble launched in October 2021, partnering with over 200 of the platform’s biggest billers (with more to be added every week). The “innovative” app improves cash collections for merchants, reduces transaction costs and “makes missed or late payments a thing of the past”.

Funded by the Commonwealth Bank, the app aims to enable Australians to pay their bills on time and prevent those in need of a helping hand from falling into the expensive ‘trap’ of payday lenders – short-lived lenders. high interest term assigned by Payble. to the “debt pandemic” and stress that Australians face today.

How does Payble work?

Payble allows customers to set up recurring payments with their vendors quickly, simply, and easily. Once a customer receives their invoice, they can scan the Payble QR code on their invoice (if it’s embedded) or select their biller from the app list (if it’s not embedded) , which will add the invoice to his agenda.

Users don’t even have to enter their invoice information. Instead, the app integrates with the billing system to retrieve this information directly (with user consent). This avoids having to manually enter BPAY details, invoice amount, etc.

If the biller has not yet integrated Payble, the app will continue to be used, as it provides the user with a link or instructions on how to access the flexible payment terms offered by the biller. ‘issuer of the invoice – for example, how to manually request an extension of payment or assistance in case of difficulties directly from their biller.

Powered by open banking and consumer data law, the app can even check if enough funds are in users’ account before bills are due to avoid late or missed payments. If funds are not available, the app prompts customers to top up their accounts or link to another account.

If customers need more time to pay or a helping hand managing their bill, Payble offers them a range of flexible payment options that are pre-approved by the company. They can choose to pay in installments (free of charge), activate invoice smoothing or request a payment extension.

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Source: Payable

What are the features of the application?

We have already mentioned a few features of the app, but let’s get back to that.

  • After the customer provides the invoice details, the app alerts them when it’s about to be due. This allows them to plan and budget to account for this expense. If there is not enough money in the linked bank account, Payble alerts the user and prompts them to transfer more money or use another account.

  • Payble creates automated payments for its users, taking some of the hassle out of setting them up manually, meaning they won’t risk forgetting a payment.

  • The app also allows users to access payment options like free installment plans, changing payment dates, or adding another payment option from within the app.

  • The app lets customers know exactly what invoices they have coming up, when they are due and how much they cost, all in one place. Instead of keeping all manual bills on the fridge to keep track of, the app is a central location for everything related to bills.

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Source: Payable

How much does Payble cost?

Here’s the real kicker – the app is 100% free to use.

It can also save you money by not having to go to a payday lender or other loan to cover your bills.

Co-founder and chief executive Elliott Donazzan said he’s seen an “alarming” number of people turn to payday lenders just to get by.

“We are now fighting this exploitation, giving consumers choice and access to free and flexible payment options, supported by their biller, in one place,” Donazzan said.

Who would benefit from Payble?

There are a number of people who can benefit from using Payble. In reality, there is no one who could not take advantage of using Payble. But in particular, those who have been rocked by COVID-19 lockdowns and are behind on their bills may benefit from using the app.

Whether you’re someone who often forgets an upcoming bill, struggling to cover costs, or just want more flexibility in paying it off; Payable help all people manage their bills no matter what their circumstances.

Payble also benefits merchants. Indeed, it allows merchants to optimize their collections and can offer a helping hand to its customers if they have trouble covering their invoices.

Payble offers solutions that can be pre-approved by the biller, including payment plans, bill smoothing, and payment extensions. This takes the time and money spent pursuing missed or late payments, and gets clients through tough times.

Last but not least, local authorities (LGAs) and councils can also benefit from the app, as it helps customers avoid missing their rate payments.

This benefits the client and the government as it saves the client a penalty of 10% or more and helps local boards collect their payments.

The two cents from Savings.com.au

Unfortunately, paying your bills is a necessity. No one particularly likes to do it, but no one likes to miss them either. It’s too easy to postpone paying that bill that arrived months ago… until it’s too late.

If you’re someone who struggles to keep control of the bills that keep coming in to you, Payble might be worth a look. Plus, it’s free – so there’s no harm in seeing if it works for you.


Image by Hello I’m Nik on Unsplash