Are credit card payments included in PTRS?

Quick answer

Credit card payments can be excluded in some circumstances, but they are not automatically excluded simply because a credit card was used.

What does this mean?

A reporting entity may exclude a credit card payment if the payment is less than $100 including GST, or if the card is subject to a genuinely enforced internal policy that prohibits its use for trade credit arrangements. A policy that prohibits payment of invoices by credit card, or restricts cards to point-of-sale transactions and prepayments, will generally support the exclusion.

Practical point

Do not remove every credit card transaction from the dataset. The $100 exclusion can be applied directly, but higher-value payments need to be assessed against the relevant credit card policy before being excluded.

Other ways people ask this

• Can credit card payments be excluded from PTRS?
• Do corporate card transactions need to be reported?
• Are credit card payments under $100 excluded from PTRS?
• Does a company credit card policy affect Payment Times Reporting?

Official sources

• Payment Times Reporting Guidance Materials
  Excluded payment – Credit cards
  Paragraphs: 157, 158, 159, 160, 161, 162 · Page: 40-41

Related guidance

• Do direct debits and EFT payments count for PTRS?
• What payments can be excluded from PTRS?
• What if a supplier does not have an ABN?

Preparing a Payment Times Report?

Monochrome Compliance can help with the data preparation, validation, reconciliation and reporting process.

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