SHIFT Our Finance Partner

About Shift 


Shift’s range of credit and payment products allow businesses to take control of their cashflow, purchase assets and streamline trade terms.

Shift has partnered with Central Buying Group to provide LPOs access to better trade terms when purchasing inventory. 
 
How it works 


Shift’s Trade Account allows you to manage all your supplier invoices in one place. With a range of trade terms and the ability to extend invoices, you’ll have more control and flexibility over managing supplier invoices. 

Registering for a Trade Account is simple. You’ll need the following to get started: 

•    Business details: ABN, business name or trading name 
•    Mobile number: You’ll use your mobile number to securely log into Shift 
•    One form of ID: Australian drivers’ license or passport 
•    Connect your bank account: Shift uses this information to set your account limit and enable direct debit repayments 

More information on registering for a Trade Account can be found here. 

Once activated, all future orders placed with Central Buying Group approved suppliers will be processed automatically against your Shift Trade Account. 

1.    On the 5th day of each month Shift will process all supplier invoices from the previous month. Shift will send you an SMS confirmation when this is done. 
2.    Shift will debit your nominated bank account 21 days after each supplier invoice has been processed. 
3.    Shift will send a payment reminder SMS 2 days before your direct debit is due. 
 
FAQ's 

How much can I borrow? 
Trade Account limits can go up to $500,000 depending on the financial position of your business. Shift will use your banking transaction data to set a limit suitable to your business. 


Why do I need to connect my bank account? 
Connecting your bank account enables Shift to use this information to set your account limit. Having a connected bank account also enables direct debit repayments. 


Does Shift store my login details? 
As part of federal government privacy legislation, Shift does not see, receive or store any password information. 

How to use Shift? 

You'll find more details here in the Shift "How to" guide

 

For further information on Shift’s data and privacy policies please see https://www.shift.com.au/online-banking/