“The big banks don’t offer these kinds of FX conversion rates”
A new global payments platform makes it easy for this agri-tech company to engage with the best in the world.
Growing up on farms in regional Australia, Tim Gentle and Kat Bidstrup developed “a real passion for rural and remote communities”. Their backgrounds in software development and digital marketing sowed the seed for Think Digital: a business using VR (virtual reality), AR (augmented reality) and AI (artificial intelligence) to connect people with agriculture. Working with partners all over the globe, the South Australian business creates immersive interactive content for schools, universities, government and industry groups – even converting a bus into a high-tech classroom on wheels. “We work closely with Woolworths’ Fresh Food Kids Discovery Program, teaching kids where their food comes from,” says Bidstrup. “We take interactive farm tours to the city and the digital world to the outback to help remote communities leverage it.”
EARN QANTAS POINTS ON FOREIGN CURRENCY CONVERSIONS
Think Digital works with “the best in the world” to develop its software and needs an efficient way to pay international suppliers. Enter Qantas Business Money – a global payments platform making international business payments cost-effective, simple and rewarding. “We were incurring a lot of cost through using traditional payment methods like PayPal and bank transfers,” says Gentle. “With Qantas Business Money, we pay a set fee on conversions, plus we earn 1 Qantas Point for every $10 we convert into foreign currency.”
SAVE MONEY ON CONVERSION RATES
Qantas Business Money saves businesses up to 70% on conversion rates compared with the big banks.1 “Some of our subscriptions and a lot of our software is charged in US dollars so we wanted more security around the dollar,” says Gentle. “We can convert funds when rates are good and know we’ve got that money sitting there, ready to pay those bills.” Clients can pay Think Digital in their own currency, too. “We’ve got three US universities that will be thrilled to pay us directly into an account using US dollars. It makes it easier to do business internationally.” Having converted more than $100,000 through Qantas Business Money so far, Bidstrup says the process has been “seamless”.
USE POINTS TO BOOST TEAM CULTURE
Bidstrup recently flew a Perth-based hire to SA for onboarding using points she earned through Qantas Business Money. “We were able to induct her into the Think Digital culture, take her out for lunch and let her experience Adelaide life. There’s something about working together in the same environment. The traction has been tangible.”
Important Information
A business must be a Qantas Business Rewards Member to earn Qantas Points for the business. A one-off joining fee of $89.50 applies, is inclusive of any applicable GST and may be varied by Qantas from time to time, without notice, in its absolute discretion. Membership and Qantas Points for business are offered under the Qantas Business Rewards Terms and Conditions and earning thresholds apply.
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