Banyule Youth Services

No one type of payment is best – it will depend on the needs of your business and what your customer’s chosen payments methods are. Make sure you understand how the different methods work, some of which include:

  • EFTPOS payments,
  • Credit card & debit card payments
  • Direct debit payment (this can be via Bank Transfer or BPAY),
  • Cash,
  • Gift cards & Vouchers, and
  • In Kind (an exchange of goods or services)


Some less common payment options can include:

  • Online payments,
  • Cheque,
  • Money order payments, and
  • Bitcoin and digital currencies


Things to consider before selecting your payment method(s) are service fees (often a small percentage for each card transaction) and transaction costs (banks may charge you a transfer or payment fee).

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More Resources To help Research and Plan your Business Idea

01. Statement of Supplier

If you don’t have an Australian Business Number (ABN), you may be eligible to provide a completed Statement by Supplier form along with your invoice

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03. Grants

Grants – also referred to as a bursary – are funds given out by private, public and not-for-profit organisations for a range of purposes. All

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04. Publishing & Licensing

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05. Rights & Responsibilities

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06. Boundaries

Assess your personal boundaries first Seek help Setting boundaries at work may be as simple as seeking advice from managers, mentors, family or other workers

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07. Acting Professionally

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08. Tax

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09. Copyright

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10. Building a Business Plan

An essential part of starting your business is developing your business plan. This will include the operational, financial and marketing aspects of your business. This

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11. Quoting

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12. Invoicing

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14. Budgeting

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16. Electronic Press Kit (EPK)

Having an informative and professional promo package (commonly known as an Electronic Press Kit or ‘EPK’) can be the thing that sets you apart from

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More Resources To help you Register and Launch your business

01. Tax File Number (TFN)

Creating a Tax File Number (TFN) is easy and it’s free. It identifies you for tax and superannuation purposes with employers and the Australian Taxation

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03. Registering your Business

To make your business official you will need to follow these four steps to register your business. Step One: Create an ABN Step Two: Register

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04. Banking

How to choose and why research is important Although you may already have banking accounts for your own personal banking, if you’re registered as a

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05. Insurance

You will need to consider what insurance you will need if you’re operating as a sole trader or as a business. Without insurance, you may

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06. Busking Permits

Busking permits are necessary for most Local Government Areas, including Banyule City Council and the City of Melbourne. Consent from a parent or legal guardian

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07. Band Agreements

A band agreement states the rules under which band members should act and operate throughout the life of the band. These rules outline band member’s

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08. Branding

Branding, by definition, is a marketing practice in which a company creates a name, symbol or design that is easily identifiable as belonging to said

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09. Marketing

Marketing refers to activities a company undertakes to promote the buying or selling of a product or service. Marketing includes advertising, selling, and delivering products

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10. Building a Web Presence

Building a web presence and social media presence gives you the ability to widen your audience while interacting with customers or people that are interested

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11. Royalties

What are Royalties? Music royalties are paid to artists when their music is used by businesses or played live by themselves or others. These royalties

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12. Superannuation for Contractors

If you are a sole trader, you may be entitled to superannuation. What is Superannuation? Superannuation, or ‘super’, is money put aside by your employer

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