ForexQ.com
ForexQ.com
According to its official website, Marmalade Payments is a payments platform for Australian B2B businesses that offers two products on one account. Payments on Demand lets eligible invoices be cashed in on the day they are issued for a single fee; the site says this is not a loan, invoice finance or factoring, that the customer's payment terms do not change and that Marmalade collects on the due date through a secure clearing account. With Points on Payments, supplier bills are paid from one place and the M-Coin earned can be converted into Qantas Points through Qantas Business Rewards or into Velocity Points through Virgin Australia Business Flyer; it is free or a flat 1% depending on the payment method. The platform integrates with Xero, MYOB and QuickBooks, and the site states that more than 32,400 businesses use Marmalade. According to the footer, Marmalade Payments (AUS) Pty Ltd (ACN 667 303 951) holds an AFS licence (AFSL 700084) authorising it to give general advice on and deal in non-cash payment products, and it is not authorised to give personal advice. Its office is in Melbourne (180 Flinders Street). This information is the company's own statement.