Features and benefits

DEFT Auction Pay removes the need for cheques when purchasing a property, at auction and by private treaty, by giving buyers the convenience of paying their deposit electronically.1

Easy and flexible

No need to increase bank transfer limits – if the buyer has the available funds in their account, the payment can be made.

 

Instant confirmation

Agents and buyers receive an immediate payment confirmation email for peace of mind.

Easy reconciliation

Accounts teams don’t need to wait for sales information to be provided by agents – they’ll receive an email receipt.

 

Secure

No need to share sales trust account details or rely on screenshots as proof of payment.

How it works

Paying a deposit on auction day by cheque can be slow, expensive and inconvenient. Macquarie’s DEFT Auction Pay offers a new way to complete the process online and on the spot.

Get started

Speak to the bank that takes your business further. 

What’s next? 

When you request a call, we’ll ask you a few quick questions so we can match you with the right industry specialist. They’ll get to know more about your real estate business before taking you through a range of solutions.

Home buyer?

If you are a home buyer or seller, please contact your real estate agent who can enquire about  DEFT Auction Pay on your behalf. 

Frequently asked questions

All you need is a sales trust account with Macquarie which enables access to DEFT – our secure, trusted payments platform – so you can get started with DEFT Auction Pay straight away.

No more bank cheques for a potentially unknown deposit amount. Instead, you only need a few things on the day. 

  Agents need:               Buyers need:       
  • a tablet or mobile with internet connection (iOS, Windows or Android compatible)
  • a special DEFT Auction Pay DEFT reference number.
  • funds available in a bank account that allows direct debit withdrawals
  • BSB and account numbers
  • a valid email address.

When you request a call, we’ll ask you a few quick questions so we can match you with the right industry specialist. They’ll get to know more about your business before taking you through a range of solutions. You’ll then be able to compare your options and select the solution that’s right for you.

Additional information

The information on this page has been prepared by Macquarie Business Banking, a division of Macquarie Bank Limited AFSL & Australian Credit Licence 237502 ("Macquarie") for general information purposes only, without taking into account your personal objectives, financial situation or needs. Before acting on this general information, you must consider its appropriateness having regard to your own objectives, financial situation and needs. The information provided is not intended to replace or serve as a substitute for any accounting, tax or other professional advice, consultation or service.

1

DEFT is issued by Macquarie Bank Limited AFSL 237502. Before making any decision about DEFT, we recommend you read the PDS.  DEFT is subject to internet connection and device compatability.