Important — October 2026: The RBA has banned card surcharges on Visa, Mastercard, and eftpos from 1 October 2026. Merchants will no longer be permitted to pass card transaction fees on to customers as a surcharge. All information in this article is current as of May 2026 and will be updated as the October changes take effect.

Choosing the right EFTPOS provider affects how much your business pays every month. Between terminal rental, transaction rates, setup costs, and contract terms, the differences between providers are significant. This guide compares eight EFTPOS providers in Australia using publicly verified pricing as of May 2026.

APS pricing and product details are sourced from APS directly. All competitor data is sourced from each provider's official website. Confirm current rates with each provider before signing up.

What to Consider When Choosing an EFTPOS Provider

Transaction fee vs rental fee: the right balance depends on your monthly card volume. If you process $30,000/month in card payments, a 0.1% difference in transaction rate equals $30/month — which is more than Tyro's $29/month rental or NAB's $25/month rental. At lower volumes, a $0 rental with a slightly higher transaction rate may cost less overall. Work out your approximate monthly card volume before comparing providers.

POS compatibility: not all EFTPOS terminals integrate with all POS software. APS connects with 1,000+ POS systems via Linkly. Tyro integrates with hundreds of POS systems including Lightspeed and Kounta (see tyro.com for current list). Square and Zeller have their own integration lists. Check your specific POS software against each provider's integration list before committing.

Settlement timing: all major banks (CommBank, NAB, Westpac, ANZ Worldline) offer same-day settlement into your existing bank account with them. APS, Square, Tyro, and Zeller settlement timing varies — confirm with each provider. For businesses with tight daily cash flow, same-day settlement can be valuable.

Support: all providers in this guide are Australian-based or offer Australian customer support. Tyro provides phone support 7am–9pm, 7 days (24/7 emergency line available). CommBank and NAB also offer 24/7 support. For providers where support hours are not listed above, confirm directly before signing up.

Payment types accepted: all eight providers accept Visa, Mastercard, and eftpos. APS, Tyro, Zeller, CommBank, NAB, Westpac, and ANZ Worldline accept Apple Pay and Google Pay. Square Terminal accepts Apple Pay and Google Pay contactless payments (verify latest at squareup.com/au).

Contract terms: all eight providers in this guide offer no lock-in contracts. You can cancel with appropriate notice (typically 30 days for the banks) without penalty. This means you are not locked in if you find a better rate or your business needs change.

Full Provider Comparison

All figures verified from official provider websites, May 2026. Transaction rates apply to standard card-present transactions unless noted otherwise.

APS (Advanced Payment Solutions)

APS is an Australian EFTPOS provider offering no rental, no setup fees, and no lock-in contract. You pay a transaction fee only when you process a payment. Contact APS for your transaction rate — it is not publicly listed and varies by business type and volume. APS is Australian-based.

Terminals

APS offers four PAX terminals to suit different business setups. All terminals accept contactless payments, Apple Pay, Google Pay, Samsung Pay, Visa, Mastercard, Amex, and eftpos.

PAX A80 — Countertop terminal. 4-inch touchscreen, WiFi and Ethernet connectivity, NFC contactless, Chip & PIN. For fixed checkout points.

PAX A920 — Portable terminal with wireless connectivity and all major payment acceptance.

PAX A920 Pro — APS's most popular terminal. 5.5-inch HD touchscreen, built-in 4G, barcode scanner, all-day battery, NFC contactless. Suited to tradies, markets, cafes, and tableside service.

PAX A920 Max — 6-inch HD touchscreen, 4G/5G connectivity, all-day battery. For high-volume and customer-facing environments.

Integrations

APS connects with 1,000+ POS systems via Linkly, covering hospitality, retail, and service businesses. This includes popular platforms such as Lightspeed, Kounta, and Vend, as well as accounting software including Xero and MYOB.

Pros: No rental fee, no setup fee, no lock-in, 1,000+ POS integrations via Linkly, all terminals accept all major card types, Australian-based.

Cons: Transaction rate is not publicly listed — requires contacting APS for a quote.

Square

Square offers flat-rate pricing with no monthly fees. The Square Terminal costs $329 AUD upfront with no rental. There is no lock-in contract.

The Square Terminal includes a built-in receipt printer and barcode scanner. It runs Square POS software, which is included with no additional subscription required for basic features. Square also offers a separate card reader (Square Reader) for businesses that prefer to use their own device.

Transaction fee: 1.6% per tap, dip, or swipe for card-present payments on all card types including Visa, Mastercard, eftpos, JCB, and American Express.

Pros: Transparent flat-rate pricing, no monthly fees, no lock-in, easy self-setup with no sales call required, built-in POS software included.

Cons: 1.6% becomes more expensive than alternatives at higher monthly card volumes. Fewer deep POS integrations than Linkly-connected providers.

Tyro

Tyro is an Australian EFTPOS provider and holds an ADI (Authorised Deposit-taking Institution) licence from APRA — making it the first Australian technology company to receive this designation. Tyro focuses on hospitality and retail businesses.

Tyro offers a rental terminal at $29/month with no lock-in contract. The $29/month rental fee is waived if your business processes more than $10,000/month in card transactions. Tyro also offers the Tyro Go — a compact card reader for purchase upfront with no monthly rental. See tyro.com for current Tyro Go pricing.

Transaction rates are negotiated based on your business type and monthly volume — contact Tyro for a quote. Tyro integrates with hundreds of POS systems including Lightspeed, Kounta, and MYOB (see tyro.com for current list). Tyro provides phone support 7am–9pm, 7 days (24/7 emergency line available).

Pros: ADI-licensed Australian bank, strong POS integrations for hospitality and retail, no lock-in, rental waived for businesses processing >$10k/month, phone support 7am–9pm, 7 days (24/7 emergency line available).

Cons: Transaction rates require negotiation, not publicly listed. Monthly rental applies for lower-volume businesses.

Zeller

Zeller is an Australian payment provider offering EFTPOS terminals to purchase outright with no ongoing rental. The Zeller Terminal 1x starts from $99 AUD. The Zeller Terminal 2 is $199 AUD. No monthly fees after purchase.

Transaction fee: 1.4% per in-person card transaction. No monthly fee. No minimum transaction volume required. Zeller also provides a free Zeller Business Account and Zeller Debit Mastercard with Zeller Business Account included — see myzeller.com for current terms.

Pros: Low upfront terminal cost from $99, transparent 1.4% transaction rate, no monthly fees, no lock-in, includes free business account and debit card, Australian-based.

Cons: Fewer POS integrations than Linkly-connected providers such as APS or Tyro.

CommBank

CommBank offers EFTPOS terminals on a rental model. Transaction fee: 1.1% flat rate on all Visa, Mastercard, eftpos, and UnionPay card payments. No lock-in contract — cancel on 30 days' notice. No setup fees. CommBank has 24/7 Australian customer support.

CommBank's current terminal lineup is the Smart EFTPOS terminal and the Smart Integrated EFTPOS terminal, both developed with Verifone. The Smart terminal supports wireless and portable payments. The Smart Integrated EFTPOS terminal connects directly to a POS or cash register. Same-day settlement is available for CommBank business account holders.

Pros: 1.1% transaction rate (lowest publicly listed among banks), no lock-in, no setup fee, 24/7 Australian support, same-day settlement for CommBank customers.

Cons: Monthly rental fee applies — contact CommBank for current rate. Best suited to businesses already banking with CommBank.

NAB

NAB offers EFTPOS terminals on a rental model at $25/month with no setup fee. Transaction fee: 1.15% flat rate on all Visa, Mastercard, eftpos, and UnionPay card payments. Rolling contract with no lock-in. NAB has 24/7 Australian customer support.

Same-day settlement is available for NAB Business Transaction Account holders. No setup fees apply.

Pros: 1.15% transaction rate, $25/mo rental, no setup fee, no lock-in, 24/7 Australian support, same-day settlement for NAB customers.

Cons: $25/month rental is an ongoing cost. Best suited to businesses already banking with NAB.

Westpac

Westpac offers EFTPOS terminals on a rental model with no setup fees. Transaction fee: 1.2% flat rate on eftpos, Mastercard, Visa, and UnionPay transactions. Contact Westpac for the monthly terminal rental fee. No lock-in contract — confirmed across EFTPOS Air, EFTPOS Flex, and EFTPOS Now with Presto.

Westpac offers several terminal options including EFTPOS Flex, EFTPOS Now with Presto (POS-integrated), and EFTPOS Air — a tap-on-phone solution for Android devices with a 1.4% transaction rate. Same-day settlement is available for Westpac business account holders.

Pros: 1.2% transaction rate, no setup fee, POS integration via Presto, EFTPOS Air tap-on-phone option, same-day settlement for Westpac customers, Australian-based.

Cons: Monthly rental fee applies — contact Westpac for current rate and contract terms.

ANZ Worldline

ANZ Worldline Payment Solutions is a joint venture between ANZ Bank and Worldline, a global payments company. Monthly terminal rental is $19.95/month for a standalone EFTPOS machine or $29.95/month for an integrated EFTPOS machine. No lock-in contract — cancel on 30 days' notice. No setup fee.

ANZ Worldline terminals include the Worldline Edge and the Worldline Move 5000. Both accept Visa, Mastercard, eftpos, and UnionPay. The Move 5000 also accepts Alipay+ and WeChat Pay. Transaction rates are not publicly listed — contact ANZ Worldline for pricing. Same-day settlement is available for ANZ business account holders.

Pros: No lock-in, no setup fee, known monthly rental cost ($19.95–$29.95/mo), same-day settlement for ANZ customers, Alipay+ and WeChat Pay acceptance on Move 5000, Australian-based.

Cons: Transaction rate requires contacting ANZ Worldline directly. Not the most cost-effective option for very small business.

Questions to Ask Before Signing Up

Before committing to any EFTPOS provider, ask the following:

What is the exact transaction fee rate for my business type and monthly card volume? Rates can vary by industry and volume, particularly for Tyro and APS.

Are there any minimum monthly transaction requirements or penalties for low volume? Tyro waives the rental for high-volume businesses — confirm the threshold.

What is the notice period to cancel the service? Most providers require 30 days. Confirm this in writing before signing.

Is my existing POS software compatible? Confirm your specific software is on the provider's integration list — not just the platform category.

What is the settlement timing into my business account? Same-day settlement requires a business account with the same bank in most cases.

Are there any chargeback fees, refund fees, or PCI compliance fees? These are separate from transaction fees and can add up.

What happens to my terminal and pricing after October 2026 when the surcharge ban takes effect? This is particularly relevant if a provider's current pricing model is built around surcharging.

Getting answers to these questions from multiple providers before deciding lets you compare on equal terms and avoids surprises after you have signed up.

How to Choose

No rental fees with the widest POS coverage: APS provides terminals at no cost with 1,000+ POS integrations via Linkly and no lock-in. Transaction rate requires a quote.

Lowest publicly listed transaction rate: CommBank at 1.1%, followed by NAB at 1.15% and Westpac at 1.2%. All three have no lock-in contracts and no setup fees. Best for businesses already banking with one of these institutions.

No rental, upfront terminal purchase: Zeller from $99 at 1.4% with no monthly fees and no lock-in. Square at $329 with 1.6% and no monthly fees.

Hospitality and retail with specific POS requirements: Tyro integrates with hundreds of POS systems including Lightspeed, Kounta, and MYOB (see tyro.com for current list). APS covers 1,000+ via Linkly. Compare your specific POS software against both lists.

Easiest self-setup with no sales call: Square — purchase online, plug in, start taking payments.

Verdict

For businesses prioritising no rental, no setup fees, and the widest POS compatibility: APS has no ongoing hardware costs, connects with 1,000+ POS systems via Linkly, and has no lock-in contract. Transaction rate requires a direct quote.

For businesses wanting the lowest publicly listed transaction rate: CommBank at 1.1% is the most competitive, followed by NAB at 1.15% and Westpac at 1.2%. All three have no lock-in contracts, no setup fees, and offer 24/7 Australian support — and suit businesses already banking with those institutions.

For businesses wanting to purchase their terminal outright with no ongoing monthly fees: Zeller from $99 at 1.4% and Square at $329 with 1.6% are both no-lock-in, no-rental options.

For hospitality businesses needing 24/7 support and deep POS integrations: Tyro holds an Australian ADI banking licence, offers phone support 7am–9pm, 7 days (24/7 emergency line available), and integrates with hundreds of hospitality and retail POS systems (see tyro.com for current list).

All pricing in this guide was verified from official provider websites in May 2026. Always confirm current rates directly with each provider before signing up. This article will be updated quarterly.

To get a quote from APS, visit the contact page.