Forum Discussion

TC1808's avatar
TC1808
Experienced User
4 months ago

Secure invoicing

I've just received an email about MYOB's secure invoicing upgrade which will add "multiple layers of security for a business"

 

The email states that there will be "no change to your base subscription price" BUT the fine print at the bottom of the email states that "fees will apply of $0.25 per transaction +1.8% of total invoice" if we choose to share invoices via email, copy a link or SMS directly from the MYOB platform.

 

What if we don't want the added security feature? Are we going to lose the ability to use email/links/SMS?

 

So, if we are forced to take the secure invoice upgrade, then MYOB will be making money from us every time we choose to share an invoice with our customers using email/links/SMS! Are you serious MYOB!!!

 

 

  • AmandaCL's avatar
    AmandaCL
    MYOB Moderator

    Hey TC1808

    Thanks for your question about the secure invoicing upgrade. 

     

    There are no fees associated with sending invoices, and the upgrade is free with no change to your subscription price. 

    Regarding transaction fees, they do apply if a customer chooses to pay using a secure online payment method (e.g. PayPal). After upgrading, fees are passed on to your customers by default – however you can adjust these settings to suit your needs, and your customers don’t have to pay using one of these methods.

     

    You can continue to create and download invoices before upgrading, but you won’t be able to share them via the secure MYOB system after the cut-off date referenced in your upgrade email. Specifically, this refers to the email, copy link or SMS options available within the platform. Upgrading is required if you’d like to offer your customers a secure end-to-end invoicing experience.

     

    Let me know if you have any further questions!

    Cheers, Amanda. 

    • ORL's avatar
      ORL

      If we don't upgrade, how else are we able to send an invoice to a customer?

      We offer credit card payments upon completion for a mobile service and for account customers, they will transfer funds after we email them an invoice. 

      This change doesn't meet our business model and with no other options, am not impressed that we are being forced to sign up and put our bank account details stating MYOB can take funds for each transaction. 

      More information needs to be provided on this before closing as this change is not acceptable that customers pay more for a service we didn't ask for.

    • Galadriel's avatar
      Galadriel
      Experienced Cover User

      The upgrade isn't free in monetary terms but it might cost your soul.  Let's just hand out confidential information all over the place.  I don't trust the banks yet alone a bookkeeping software provider!

  • If customers pay via direct deposit into my bank account, is there a fee charge?

    • AmandaCL's avatar
      AmandaCL
      MYOB Moderator

      Hey gavies

      Transaction fees only apply if a customer chooses to pay using a secure online payment method. Any of your invoices paid using a credit card (AMEX, Visa, Mastercard, Apple Pay, Google PayTM or PayPal) via our online payment service, will incur a transaction fee of 1.8% of the value of the invoice + $0.25 per transaction (incl. GST). More information can be found on this page. 

  • -KS-'s avatar
    -KS-
    Contributing User

    Is it only users with administrator access that can complete the verification.

    Have tried multiple times since last week but cant get passed the bank account verification screen ....keep clicking the green "Save and Continue" button but it does nothing.

    Have tried different browers, different PCs but no luck.  Only thing I can think of is may need the boss to actually do when in the office as they are set-up as administrator role.

     

    Can someone from MYOB please confirm ASAP.

    • AmandaCL's avatar
      AmandaCL
      MYOB Moderator

      Hey -KS- 

      It sounds like you may be experiencing a bug, I've been able to confirm with the team that it's not limited to Administrator roles when completing the verification process.

      If you have any troubles throughout the verification process, please raise a case via My Account and our team will be able to take a deeper look into it from there. 

      • AmandaCL's avatar
        AmandaCL
        MYOB Moderator

        Hey -KS- 

        Quick update! I was able to confirm with the team why it wouldn't let you progress after clicking "Save and Continue". We can see that there's two accounts that you can choose from, however none were selected. You'll just need to choose the account you'd like to use from the options available. Feel free to reach out if you have any further questions. 

  • NicoleL's avatar
    NicoleL
    Experienced Cover User

    Thanks Amanda. What wasn't mentioned that it had to be done on the online version not the desktop version. I think that is where most people are coming undone.

     

    • AmandaCL's avatar
      AmandaCL
      MYOB Moderator

      Hey NicoleL 

      Thanks for the feedback, I will make sure I'm clearer with desktop/browser versions going forwards.

       

  • We have used MYOB when you loaded it from a disk and have changed and upgraded versions over the years to this latest version.  I will not be upgrading this time.  MYOB have increased their subscription to $150 per month as well as having a banner showing me how many days I have until I will no longer be able to send invoices with MYOB. 

    For the same type of functionality I am switching to XERO for $90 per month, with a six month offer of $9 per month to sign up before the end of February.  The frustration of having to learn a new system and possibly not having the bells and whistles of MYOB for me outweigh the benefits of staying.  My attempts to contact MYOB have gone unanswered and so I will take my business elsewhere, which will make my accountant very happy.

  • This is coercion! MYOB decides to remove a feature we are paying for when subscribing (sending invoices by email through MYOB), UNLESS we sign up to a payment service (financial service) we do not want. This has nothing to do with security. This is about forcing customers who signed up for an ACCOUNTING SOFWARE to accept FINANCIAL SERVICES (this why they need information about business owners, directors etc just like a bank would in order to comply with banking and anti-money laundering regulations). 

    MYOB need to give the option to opt out without loosing the ability to email invoices. All we want is an accounting software. Customers will go to XERO in droves.

  • I think its a bull**bleep** excuse to bluff customers into paying via a "secure" service that they charge for.
    Prices will go up and thats what its all about.
    I dont do alot of invoicing so i will just download and send the old way via my own email.
    Time to look int other options for accounting services.