EFTPOS Comparison: Merchant Fees and Hardware

Choosing an EFTPOS provider shouldn’t be like playing chess against a grandmaster! That’s why we created this easy guide, helping you find the best EFTPOS solution for your business.

Key Considerations for Choosing EFTPOS

It’s important you get the right EFTPOS solution for your business. Here are the key things you should consider when choosing an EFTPOS provider.

Smartpay Android terminal sitting on tool bench surrounded by mechanic accessories

Business Type and Needs

Make sure to consider if your business has any must-haves. For example, do you need:

  • Tipping functionality
  • Split bill functionality
  • Portability
  • POS integration
  • Health fund claiming
  • MOTO (mail order telephone order i.e. phone payments)

Ensure that your EFTPOS provider includes any of your must-have features. 

Cost and Fees

Your main costs when it comes to EFTPOS are going to be:

  • The EFTPOS machine(s) (this will either be an outright purchase OR rental)
  • Merchant fees - simply put, these are fees related to processing payments

As well as the above, there can be a number of other fees, including:

  • Minimum monthly fees
  • Chargeback fees
  • Set-up fees
  • Add-on equipment fees
  • Integration fees
  • Exit fees
  • And any pesky hidden fees…

These fees can be confusing and can really add up. That’s why we came up with Smartpay Zero Cost™ EFTPOS. With Smartpay Zero Cost™ EFTPOS you pay… nothing!* Literally. If your business processes $10,000 or more in card transactions per month, you could be eligible for Smartpay Zero Cost™ EFTPOS. Terms and conditions apply.

Women going to tap card on Android terminal at Cafe

Customer Support

Customer support - the thing you hope you never need, until you do! 

Whether it be connecting to POS, printing receipts, ordering additional terminals, etc. it’s likely you’ll need to contact support at some point. It’s important you get the right support, when you need it. Choose an EFTPOS provider that provides 24/7 local support. 

Not to toot our own horn, but Smartpay has 24/7 AUNZ-based support with quick response times and helpful answers on hand. Need help with your terminal at 3AM? We’re just a phone call away!

Integration with Existing Systems

Generally speaking, linking your EFTPOS machine to your point-of-sale (POS) means that you can take payments quicker than manual entry. POS integration can also mean easier stock keeping and inventory management. If you think your business could benefit from POS integration then try to select an EFTPOS provider that integrates with your POS system. Smartpay integrates with a number of POS systems.

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Comparison of EFTPOS Solutions

Find out which EFTPOS solution is best for your business needs: Smartpay Zero Cost™ EFTPOS or Simple Flat Rate.
Smartpay Zero Cost™ EFTPOS
Simple Flat Rate
MOTO Payments
Portable Terminal
Built-in Receipt Printer
Next Business Day Settlements
Free 4G & WiFi Connectivity
One Rate for All Cards
No Hidden Fees & Charges
24/7 AUNZ-based Support
Long Terminal Battery Life
Point-of-Sale (POS) Integration
Automated Surcharging
Ability to Bypass Surcharge
Lock-in Contact
Best For:
Business owners that want to eliminate their EFTPOS bills altogether *Minimum turnover and terms and conditions apply
Business owners that don’t want to surcharge or turnover less than $10,000 per month

Why Smartpay is the Best Business EFTPOS Solution

You need an EFTPOS provider that cares about your business, has a world-class EFTPOS machine, and doesn’t cost you an arm or a leg! Sounds pretty good? Get started with Smartpay today and join over +40,000 businesses using and loving Smartpay!

Ready to Upgrade Your EFTPOS? Get Started with Smartpay!

Getting started with Smartpay is as easy as 1, 2, 3!

Step 1

Submit and enquiry and speak with a helpful Smartpay Payment Specialist.

Step 2

Apply quickly and have your terminal delivered to your door, ready to go out of the box.

Step 3

Start accepting payments!

Start Saving with Smartpay Today!

Every month our Payment Specialists help thousands of businesses just like yours get the right payment solution. Let’s chat about your business today.