Clearing house provider SuperChoice has signed up 10 existing clients to its new online superannuation payment service, S-Pay.
The service is now used by superannuation funds managed by AMP, REST, QSuper, Axa, ANZ, ING, IOOF, Mercer, IBM and Russell Investments.
"We will be promoting the service to small businesses. The service takes the pain out of the laborious process of processing employees' super payments manually, which can take business hours of paper to complete," SuperChoice chief executive Peter Philip said.
"We want the payment of superannuation for Australian businesses to be as simple as paying a utility bill."
Businesses with less than 20 employees can make up to 20 contributions a month with no charge, while larger businesses can use the service for $1.25 per superannuation contribution.
Philip said SuperChoice did not support the federal government's decision to appoint Medicare as a superannuation clearing house for small businesses.
"The entry of Medicare in the superannuation clearing sector will provide us with an unlevel playing field, particularly given that Medicare is funded by the government," he said.
"I urge all senators to look at altering the [draft] legislation."
