{"id":2780,"date":"2024-06-21T15:58:22","date_gmt":"2024-06-21T05:58:22","guid":{"rendered":"https:\/\/chipkie.com\/?page_id=2780"},"modified":"2026-08-14T16:24:59","modified_gmt":"2026-08-14T06:24:59","slug":"how-automated-payments-work","status":"publish","type":"page","link":"https:\/\/chipkie.com\/au\/how-automated-payments-work\/","title":{"rendered":"How Automated Payments Work"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"2780\" class=\"elementor elementor-2780\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c1c59f1 e-con-full e-flex e-con e-parent\" data-id=\"c1c59f1\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-433dcf5 e-con-full elementor-hidden-tablet elementor-hidden-mobile e-flex e-con e-child\" data-id=\"433dcf5\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-29ee5b5 e-con-full e-flex e-con e-child\" data-id=\"29ee5b5\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-9f84afe e-flex e-con-boxed e-con e-child\" data-id=\"9f84afe\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a53e316 elementor-widget elementor-widget-heading\" data-id=\"a53e316\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Automated family-loan repayments in Australia<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-674b10d elementor-widget elementor-widget-heading\" data-id=\"674b10d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Schedule eligible card repayments through Stripe, keep both parties updated and record each successful collection in Chipkie.<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-37e6486 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"37e6486\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/my.chipkie.com\/loans\/create?package=premium\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-play-circle\"><\/i>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Set up a loan<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a9c13c0 e-con-full elementor-hidden-tablet elementor-hidden-mobile e-flex e-con e-child\" data-id=\"a9c13c0\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-8219345 e-flex e-con-boxed e-con e-parent\" data-id=\"8219345\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-24dbff9 elementor-widget elementor-widget-html\" data-id=\"24dbff9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<style>\n.ck-au-payments{--navy:#063f4c;--deep:#092f38;--teal:#00879a;--aqua:#70c9c2;--coral:#e55d47;--cream:#fff8eb;--mist:#f2f8f7;--ink:#17343c;--muted:#5e7177;font-family:Poppins,Arial,sans-serif;color:var(--ink);line-height:1.65;background:#fff}.ck-au-payments *{box-sizing:border-box}.ck-au-payments a{color:inherit}.ck-au-payments .ck-wrap{width:min(1100px,calc(100% - 40px));margin:auto}.ck-au-payments section{padding:68px 0}.ck-au-payments .ck-intro{text-align:center}.ck-au-payments .ck-eyebrow{display:inline-block;margin:0 0 14px;padding:7px 14px;border-radius:999px;background:#e5f7f5;color:var(--navy);font-size:13px;font-weight:700;letter-spacing:.08em;text-transform:uppercase}.ck-au-payments h2,.ck-au-payments h3{margin-top:0;color:var(--navy);line-height:1.18}.ck-au-payments h2{font-size:clamp(30px,4vw,48px);margin-bottom:18px}.ck-au-payments h3{font-size:22px}.ck-au-payments p{margin:0 0 16px}.ck-au-payments .ck-lead{max-width:780px;margin:0 auto;color:var(--muted);font-size:18px}.ck-au-payments .ck-pricebox{display:grid;grid-template-columns:1fr 1fr;gap:22px;margin-top:34px;text-align:left}.ck-au-payments .ck-price{padding:28px;border:1px solid #d8e8e6;border-radius:20px;background:#fff;box-shadow:0 12px 32px rgba(6,63,76,.08)}.ck-au-payments .ck-price strong{display:block;margin:8px 0;color:var(--deep);font-size:32px}.ck-au-payments .ck-price p{color:var(--muted)}.ck-au-payments .ck-band{background:var(--mist)}.ck-au-payments .ck-dark{background:var(--navy);color:#fff}.ck-au-payments .ck-dark h2,.ck-au-payments .ck-dark h3{color:#fff}.ck-au-payments .ck-steps{display:grid;grid-template-columns:repeat(4,1fr);gap:18px;margin-top:34px}.ck-au-payments .ck-step{padding:24px;border-radius:18px;background:#fff;border:1px solid #d8e8e6}.ck-au-payments .ck-step b{display:flex;width:36px;height:36px;margin-bottom:14px;align-items:center;justify-content:center;border-radius:50%;background:var(--aqua);color:var(--deep)}.ck-au-payments .ck-step p{color:var(--muted)}.ck-au-payments .ck-grid{display:grid;grid-template-columns:1fr 1fr;gap:28px}.ck-au-payments .ck-panel{padding:28px;border-radius:20px;background:rgba(255,255,255,.1)}.ck-au-payments .ck-panel ul{margin:0;padding-left:22px}.ck-au-payments .ck-panel li{padding:5px 0}.ck-au-payments .ck-callout{margin-top:28px;padding:22px;border-left:5px solid var(--coral);border-radius:0 16px 16px 0;background:var(--cream);color:var(--ink)}.ck-au-payments details{border-bottom:1px solid #d9e6e5}.ck-au-payments summary{cursor:pointer;list-style:none;padding:20px 40px 20px 0;color:var(--navy);font-weight:700;position:relative}.ck-au-payments summary::-webkit-details-marker{display:none}.ck-au-payments summary:after{content:'+';position:absolute;right:8px;top:16px;color:var(--teal);font-size:26px}.ck-au-payments details[open] summary:after{content:'\u2013'}.ck-au-payments details>div{padding:0 36px 20px 0;color:var(--muted)}.ck-au-payments .ck-btn{display:inline-flex;min-height:48px;align-items:center;justify-content:center;margin:8px 6px;border-radius:999px;padding:12px 22px;background:var(--teal);color:#fff!important;font-weight:700;text-decoration:none;transition:.2s}.ck-au-payments .ck-btn:hover{background:var(--navy);transform:translateY(-1px)}.ck-au-payments .ck-btn.ck-secondary{background:#fff;color:var(--navy)!important;border:2px solid var(--navy)}.ck-au-payments .ck-btn:focus-visible,.ck-au-payments summary:focus-visible{outline:3px solid var(--coral);outline-offset:3px}.ck-au-payments .ck-cta{text-align:center;background:var(--cream)}.ck-au-payments .ck-note{max-width:820px;margin:24px auto 0;color:var(--muted);font-size:13px}\n@media(max-width:850px){.ck-au-payments .ck-pricebox,.ck-au-payments .ck-grid{grid-template-columns:1fr}.ck-au-payments .ck-steps{grid-template-columns:1fr 1fr}}\n@media(max-width:600px){.ck-au-payments .ck-wrap{width:min(100% - 26px,1100px)}.ck-au-payments section{padding:50px 0}.ck-au-payments .ck-steps{grid-template-columns:1fr}.ck-au-payments .ck-btn{width:100%;margin:6px 0}}\n<\/style>\n<main class=\"ck-au-payments\">\n  <section class=\"ck-intro\">\n    <div class=\"ck-wrap\">\n      <span class=\"ck-eyebrow\">Australian Automated Payments<\/span>\n      <h2>Scheduled repayments without the manual follow-up<\/h2>\n      <p class=\"ck-lead\">For eligible Australian loans, Chipkie uses Stripe to collect scheduled card repayments, pay the lender and update the shared loan record.<\/p>\n      <div class=\"ck-pricebox\">\n        <div class=\"ck-price\"><h3>Service subscription<\/h3><strong>A$4.95\/month<\/strong><p>Charged for Automated Payments on that loan. Either party can choose to cover this upgrade.<\/p><\/div>\n        <div class=\"ck-price\"><h3>Each card collection<\/h3><strong>1.75% + A$0.30<\/strong><p>Added to the borrower\u2019s card charge so the lender can receive the agreed repayment amount.<\/p><\/div>\n      <\/div>\n    <\/div>\n  <\/section>\n\n  <section class=\"ck-band\">\n    <div class=\"ck-wrap\">\n      <span class=\"ck-eyebrow\">Setup<\/span>\n      <h2>How Automated Payments works<\/h2>\n      <div class=\"ck-steps\">\n        <div class=\"ck-step\"><b>1<\/b><h3>Choose it for the loan<\/h3><p>Select Automated Payments when creating or upgrading an eligible Australian loan.<\/p><\/div>\n        <div class=\"ck-step\"><b>2<\/b><h3>Lender connects Stripe<\/h3><p>The lender completes Stripe\u2019s identity and payout-account setup.<\/p><\/div>\n        <div class=\"ck-step\"><b>3<\/b><h3>Borrower adds a card<\/h3><p>The borrower completes the secure Stripe checkout for scheduled repayments.<\/p><\/div>\n        <div class=\"ck-step\"><b>4<\/b><h3>Chipkie keeps the record<\/h3><p>Successful collections are recorded against the schedule and shown to both parties.<\/p><\/div>\n      <\/div>\n      <div class=\"ck-callout\"><strong>Current payment method:<\/strong> Automated collection is card-based. Australian bank-transfer direct debit and international payment methods are not part of the current Chipkie flow.<\/div>\n    <\/div>\n  <\/section>\n\n  <section class=\"ck-dark\">\n    <div class=\"ck-wrap ck-grid\">\n      <div class=\"ck-panel\"><h3>What it handles<\/h3><ul><li>Scheduled collection based on the loan\u2019s weekly, fortnightly or monthly frequency<\/li><li>Automatic payment logging when a collection clears<\/li><li>Shared status updates for lender and borrower<\/li><li>Stripe payout to the lender\u2019s connected account<\/li><li>Final-payment adjustment when the remaining balance is smaller than a normal instalment<\/li><\/ul><\/div>\n      <div class=\"ck-panel\"><h3>What it does not promise<\/h3><ul><li>Approval for every user or card\u2014Stripe eligibility and verification still apply<\/li><li>Instant lender payout\u2014timing follows Stripe\u2019s account and payout settings<\/li><li>Collection during a paused or materially changed arrangement<\/li><li>Debt collection or guaranteed repayment<\/li><li>A loan contract\u2014the A$6.95 agreement remains a separate optional product<\/li><\/ul><\/div>\n    <\/div>\n  <\/section>\n\n  <section>\n    <div class=\"ck-wrap\">\n      <span class=\"ck-eyebrow\">Real-life changes<\/span>\n      <h2>When the repayment plan changes<\/h2>\n      <div class=\"ck-grid\">\n        <div><h3>Payment holidays and reduced payments<\/h3><p>Chipkie keeps flexibility requests in the shared loan record. When an approved arrangement cannot be collected as the existing fixed amount, Automated Payments may be paused and the parties use manual payments until the standard schedule resumes.<\/p><\/div>\n        <div><h3>Early or final payoff<\/h3><p>If confirmed payments reduce the remaining balance below a normal instalment, Chipkie adjusts the future automated amount so the borrower is not intentionally billed a full instalment that is no longer owed.<\/p><\/div>\n      <\/div>\n    <\/div>\n  <\/section>\n\n  <section class=\"ck-band\">\n    <div class=\"ck-wrap\">\n      <span class=\"ck-eyebrow\">Automated Payments FAQs<\/span>\n      <h2>Common questions<\/h2>\n      <details><summary>Is Automated Payments available for every Chipkie loan?<\/summary><div>No. It is currently available only for eligible Australian loans. Stripe account, identity, card and payout requirements must also be completed.<\/div><\/details>\n      <details><summary>How much does it cost?<\/summary><div>The service costs A$4.95 per month for the loan. Each scheduled card collection also includes processing of 1.75% + A$0.30.<\/div><\/details>\n      <details><summary>Who pays the card-processing amount?<\/summary><div>The borrower\u2019s card charge is grossed up by the processing amount so the lender can receive the repayment amount agreed in the loan schedule.<\/div><\/details>\n      <details><summary>Can repayments come directly from a bank account?<\/summary><div>Not in the current Chipkie Automated Payments flow. The live collection method is an eligible payment card processed through Stripe.<\/div><\/details>\n      <details><summary>When is the first repayment collected?<\/summary><div>If the next unpaid instalment is more than two days away and the loan has no arrears, collection is scheduled for that due date. If a payment is already due, overdue or very close, Stripe may charge the first cycle immediately.<\/div><\/details>\n      <details><summary>Does the lender receive the money immediately?<\/summary><div>Not necessarily. Stripe controls payout timing based on the connected account, verification status and payout schedule. Chipkie records the payment result but does not promise instant settlement.<\/div><\/details>\n      <details><summary>What happens if the card payment fails?<\/summary><div>The borrower is notified that the automated payment needs attention. The loan record should not treat a failed card charge as a successful repayment.<\/div><\/details>\n      <details><summary>Can Automated Payments be cancelled?<\/summary><div>Yes. Use the payment controls for the loan. Once cancellation is confirmed, future repayments return to direct payment and manual logging.<\/div><\/details>\n      <details><summary>Do I also need the Loan Contract?<\/summary><div>No. Automated Payments and the A$6.95 Loan Contract are separate optional products. You can use either one or both.<\/div><\/details>\n      <details><summary>Does Chipkie hold the repayment money?<\/summary><div>No. Stripe processes the collection and lender payout. Chipkie updates the loan record from the payment result rather than holding the repayment in a Chipkie account.<\/div><\/details>\n    <\/div>\n  <\/section>\n\n  <section class=\"ck-cta\">\n    <div class=\"ck-wrap\">\n      <h2>Want repayments handled automatically?<\/h2>\n      <p class=\"ck-lead\">Create the Australian loan, choose Automated Payments and complete the Stripe setup when both parties are ready.<\/p>\n      <a class=\"ck-btn\" href=\"https:\/\/my.chipkie.com\/loans\/create?package=premium\">Create a loan with Automated Payments<\/a>\n      <a class=\"ck-btn ck-secondary\" href=\"https:\/\/chipkie.com\/au\/pricing\/\">Compare all pricing<\/a>\n      <p class=\"ck-note\">Chipkie is not a lender, bank or debt collector. Automated Payments does not guarantee that a payment method will be approved or that every repayment will succeed.<\/p>\n    <\/div>\n  <\/section>\n<\/main>\n<script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Is Automated Payments available for every Chipkie loan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. It is currently available only for eligible Australian loans. Stripe account, identity, card and payout requirements must also be completed.\"}},{\"@type\":\"Question\",\"name\":\"How much does it cost?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The service costs A$4.95 per month for the loan. 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Set up a loan Australian Automated Payments Scheduled repayments without the manual follow-up For eligible Australian loans, Chipkie uses Stripe to collect scheduled card repayments, pay the lender and update the shared loan &#8230; <a title=\"How Automated Payments Work\" class=\"read-more\" href=\"https:\/\/chipkie.com\/au\/how-automated-payments-work\/\" aria-label=\"Read more about How Automated Payments Work\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":80,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-2780","page","type-page","status-publish"],"_links":{"self":[{"href":"https:\/\/chipkie.com\/au\/wp-json\/wp\/v2\/pages\/2780","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chipkie.com\/au\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/chipkie.com\/au\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/chipkie.com\/au\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/chipkie.com\/au\/wp-json\/wp\/v2\/comments?post=2780"}],"version-history":[{"count":13,"href":"https:\/\/chipkie.com\/au\/wp-json\/wp\/v2\/pages\/2780\/revisions"}],"predecessor-version":[{"id":3399,"href":"https:\/\/chipkie.com\/au\/wp-json\/wp\/v2\/pages\/2780\/revisions\/3399"}],"wp:attachment":[{"href":"https:\/\/chipkie.com\/au\/wp-json\/wp\/v2\/media?parent=2780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}