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Paymate is an Australian online payments facilitator which started operations in October 2001. The service is similar in outcomes to PayPal but credits funds directly to the recipient's bank account. Paymate enables sellers in Australia to accept payments in AUD, USD, GBP, EUR and NZD while sellers in New Zealand can accept payments in NZD.
The company is operated in Australia by Flexi Online Pty Ltd (ABN 42 154 594 199), a subsidiary of FlexiGroup (ASX:FXL). Paymate is recommended by eBay as a safer payment method for transactions on eBay.
In June 2012 Paymate OnTheGo was launched. Paymate OnTheGo is a credit card reader that, once plugged into a smartphone, turns it into a POS terminal allowing merchants to accept Visa and MasterCard Credit and debit card payments.