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How it works

1. Choose a plan that suits your turnover.

  • Establishment fee waived1
  • No minimum term2

2. Receive a market leading EFTPOS device and account to receive payments.

  • Immediate access to your funds with Instant Settlement3.
  • Multiple communications options in the one terminal with seamless-failover to IP/Ethernet, Wi-Fi, 3G and Dial which means you can carry on accepting card payments even if one communication method fails.
  • Lightweight and mobile which means you can take the terminal to your customer onsite and offsite making taking payments easy and convenient.
  • Business One Low monthly account fee waived while on a Merchant Pricing Plan4.

3. Accept a wide variety of card payment types and access the money quickly in your account.


Features

Westpac Instant Settlement

Settlement can take place 7 days a week, 365 days a year into a Westpac bank account3.

Flexible and functional

  • Accept purchases, offer cash out and process refunds.
  • Multiple communications options in the one terminal with seamless-failover to 3G Mobile, Broadband/Ethernet, Wi-Fi and Dial which means you can carry on accepting card payments even if one communication method fails.
  • Lightweight and mobile that allows you to take the terminal to your customer on-site and offsite making taking payments easy and convenient.

Help

Case study: Claire selling clothes at the markets

Claire sells handmade clothes at the markets on the weekend and her turnover averages $5,500 per month. Her customers want to pay by eftpos, Visa or MasterCard for about 70% of those transactions, making a total of $3,850.

 

Claire chooses the $55/month plan, with $3,500 of included transactions. Because she exceeds the Transaction Limit of the plan she pays a 1.5% fee on the additional $350, which comes to $5.25. The direct cost of her eftpos, Visa and MasterCard transactions for the month is:

Direct transaction cost on $55/month plan for $3,850 in transactions
$55 (participation fee)
+ $5.25 (additional fees)
----------------------------------
= $60.25/month

 

Three months later Claire's business is booming so she switches to the $85/month plan, with a $6,000 Transaction Limit, as she expects her turnover of eftpos, Visa and MasterCard transactions to be higher at $7,000. Because she exceeds the Transaction Limit of the plan ($6,000), she pays a 1.5% fee on the additional $1,000, which comes to $15. The amount Claire paid to accept eftpos, Visa and MasterCard transactions is:

Direct transaction cost on $85/month plan for $7,000 in transactions
$85 (participation fee) 
+ $15 (additional fees) 
----------------------------------
= $100/month

 

Please note there are additional charges associated with other card types, plus other fees may apply such as stationery fees, chargeback fees and voice authorisation fees.


Fees

  • $0 establishment fee for EFTPOS terminals.
  • Because each not-for-profit organisation is different, not all fees and charges may apply to you. Please contact us for a detailed quote.
  • Feel free to refer to our guide to merchant service fees and charges for more information.

Choose a plan

Choose a plan and apply online

  • Apply online in 15 minutes by choosing a plan with a Transaction Limit amount that suits your monthly turnover for Visa, MasterCard and eftpos card payments.
  • There is no limit to the number of payments you can take, but a 1.5% fee applies to eftpos, Visa and MasterCard payments that are processed over the Transaction Limit in your plan in a calendar month. Payments from other card types have separate rates and don't fall within the Transaction Limit.
  • Most customers receive their EFTPOS 1 merchant facility within 5 business days of submitting their application and verifying their ID online (see accepted forms of ID).
Things you should know

Applications for merchant services are subject to approval. Terms and conditions and fees and charges apply. Full details are available on request.

1. The Establishment Fee will be waived for successful application for a new Merchant Facility with an EFTPOS 1 standalone terminal (excludes EFTPOS 1i) on a Merchant Pricing Plan. Eligibility criteria apply for a Merchant Facility and Merchant Pricing Plans. This offer may be withdrawn or varied at any time.


2. Cancellation fee applies.


3. Westpac instant settlement functionality is not available between 9:30pm and 11:59pm (Sydney time) for all EFTPOS 1 terminals and is not available between 9:30pm and 11:00pm (Sydney time) for all other terminal types. You can only settle a Westpac issued EFTPOS terminal once within a 24 hour period. Subject to system availability, settlement can take place 7 days a week. Settlement must be to a Westpac account. Instant settlement functionality is not available on Corporate Online and is only available for Visa, MasterCard and eftpos transactions (excludes Dynamic Currency Conversion transactions).


4. The Monthly Plan Fee for your Business One (Low) account will be waived while you continue to hold a Merchant Facility on a Merchant Pricing Plan and settle to this account. The Business One (Low) account must be in the same name as the Merchant Facility. This offer is not applicable for any other account type and for a single account per Merchant Pricing Plan only. All other account fees and charges apply. Where you do not hold a Business One (Low) account or cease to hold a Merchant Facility on a Merchant Pricing Plan, the standard Monthly Plan Fee will apply for the account. We may withdraw or vary any benefit under this offer by providing you 30 days’ written (including electronic) notice. This offer may be withdrawn or varied at any time.


^To be eligible for the Westpac Merchant Pricing Plan you must hold and settle into a Westpac business transaction account in the same name as the Merchant Facility. Not available for use outside of the indirect tax zone. One terminal per Merchant Pricing Plan, per Merchant and available for EFTPOS 1 products only.

Transaction Limit means the total maximum dollar value of Visa, MasterCard and eftpos transactions that can be processed through your Merchant Facility per calendar month included in the Participation Fee. If the Transaction Limit is exceeded in a calendar month, a 1.5% fee applies to the total dollar value of Visa, MasterCard and eftpos transactions processed that exceeds the Transaction Limit. Other card types are not included in the Westpac Merchant Pricing Plans and are subject to separate pricing.