Get instant access to your EFTPOS takings
Receive your daily business takings in an instant
Support your cash flow by accessing business income as soon as you settle.
With Westpac Instant Settlement you can access your Westpac EFTPOS machine takings from your Westpac business transaction account instantly after settlement - meaning you can start using your takings immediately1.
How does Instant Settlement for EFTPOS work?
- It's available with all our EFTPOS machines (EFTPOS Now, EFTPOS Now with Presto, EFTPOS Connect, Presto Smart and EFTPOS Flex)
- It only applies to Mastercard, Visa and eftpos transactions (plus UnionPay if using EFTPOS Connect)
- EFTPOS machines can only be settled once a day before 9.30pm Sydney time
- It allows you to pay suppliers and staff and make ATM withdrawals as soon as your EFTPOS takings are settled – based on funds being available
- For easy tracking, payment amounts will appear in your Westpac bank account immediately after settlement.
Not sure if an EFTPOS machine is right for you?
Things you should know
Mastercard® is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
Visa® is a registered trademark of Visa International Service Association.
UnionPay is a registered trademark of China Union Pay Co., Ltd