Buying using UnLock

At any retailer, including online, that accepts Mastercard®. You can buy items using your UnLock Mastercard or by accepting an invoice from the supplier that you upload to us.

You can use your UnLock Mastercard for any business expense.

This depends on the payment terms you’ve chosen:

Transaction type

UnLock Mastercard


Payment terms available

30 or 60 days end of month from the month the transactions occurred in

30, 60 or 90 days from the date the invoice was paid via UnLock

Yes you can. Please note we charge an International Transaction Fee of 2.99%.


To sign up to use UnLock as buyer, all you need is:

  • an active ACN or ABN
  • to have been in business for at least 12 months
  • a credit history with no adverse findings.

Complete our online application and we’ll get you up and running. We will ask you as the business owner to nominate who you wish to receive an UnLock Mastercard. If you are an existing UnLock customer, you will receive an invitation to take up the UnLock Mastercard. If you have not received an invitation, please get in touch.

Category: Applying

To sign up to offer UnLock as a supplier, please register your interest and we will promptly get in touch. Once your preferred customer terms are set up to meet the needs of you and your customer, then you can start offering UnLock as a payment option.

Category: Applying

Payment terms

Yes. For UnLock Mastercard payments you can choose 30 or 60 days end of month payment terms. For supplier invoices you can set the payment terms of either 30, 60 or 90 days individually for each invoice.

Category: Payment terms

No, you can set and forget it, or change the terms for the next month whenever you want. Simply send your request to

Category: Payment terms


No, UnLock is free to suppliers. There’s no application fee, annual fee or transaction fees for suppliers because your customers pay us a fee when they use UnLock.

If you would like to pay the transaction fee for your customers, then let us know and we can discuss the options with you.

Category: Fees

This depends on the transaction type and the payment terms you choose:

Fees by payment terms

UnLock Mastercard®

30 days end of month from the month the transactions occurred in


60 days end of month from the month the transactions occurred in


We group all your UnLock Mastercard® transactions for the month into a single direct debit, and you choose when you want to pay it: 30 or 60 days from the end of the month in which the transactions took place.

Supplier invoices

30 days extended payment terms from when the invoice was paid via UnLock


60 days extended payment terms from when the invoice was paid via UnLock


90 days extended payment terms from when the invoice was paid via UnLock


We add the fee to the amount you pay us on the due date.

Category: Fees


The limits on your UnLock Mastercard are the same as your UnLock account. You can use all of the available UnLock account balance to pay for invoices via the Portal.

For the UnLock Mastercard

  • Payments are deducted (debited) from the available UnLock account limit.
  • Each card holder can use their UnLock Mastercard within the available UnLock account limit and within the individual transaction limits detailed in the table below:

Maximum UnLock Mastercard transaction limit

Daily UnLock Mastercard point of sale limit

Maximum UnLock Mastercard point of sale transactions per day




Category: Limits

This depends on your remaining available UnLock account limit.

Category: Limits


If you miss your payment date we start charging you 26% per annum on all amounts owing under your Account.

Category: Repayments

All repayments are automatically direct debit from your nominated bank account.

Category: Repayments

Yes. Simply log in to the Portal and you’ll be able to select any transaction and pay it early. The transaction fee remains the same even if you pay before the due date.

Category: Repayments


You be able view all your transactions and download your UnLock statements in the Portal.

You’ll also be able to view all your UnLock Mastercard transactions in the UnLock App.

Category: Statements

No. Please access your statements in the Portal.

Category: Statements

Other payment solutions

  • Higher limits – most others have a lending limit of between $150,000 and $300,000. UnLock offers higher limits.
  • Payment flexibility – can use UnLock to pay for invoices and make purchases online and in-store.
  • Low fees – most other providers charge higher fees than UnLock.
  • Convenience – you can use the UnLock Mastercard anywhere that accepts Mastercard.

Cash flow

If you’re buying goods for trade you typically have to pay for them within 30 days. With UnLock you can push this deadline back to 60 days for purchases made with your UnLock Mastercard, or up to 90 days for purchases made by invoice.

Category: Cash flow

If you don’t have the cash to hand to pay your debts when they fall due, what do you do? You either have to get a loan, postpone payment or worst-case, default on the debt. If you consistently default on debts or make late payments this affects your credit score and eventually no-one will sell you goods on credit.

While you’re waiting to get your own invoices paid, UnLock can be the difference between having the money to pay your bills or defaulting on your debts.

Category: Cash flow

Please send an email to or call 1300 257 387.

Category: Cash flow