Accepting EFTPOS transactions
Give your customers more ways to pay, and make it easier to manage your cash flow and reconciliation.
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EFTPOS features
EFTPOS (Electronic Funds Transfer at Point Of Sale) provides a seamless, secure way to transfer money from your customers’ credit or debit cards to your business account.
Quick settlement
If your EFTPOS transactions are settled to a BNZ account, you’ll be able to view and access your money as soon as it’s been processed. You’ll have your card payment amounts in your BNZ account around 11pm every day – 7 days a week, 365 days a year.
Security
We comply with PCI DSS guidelines to help protect the integrity and security of your customers’ card data, as well as protecting your business against potential loss of revenue.
Accepting payments from overseas visitors
Alipay+
Add Alipay+ to your Verifone EFTPOS terminal to offer a seamless payment experience. A known and trusted payment acceptance platform, with 18 wallets available in New Zealand. Alipay+ is used by over 1.8 billion customers.
UnionPay International
Accept payments from visitors from China and 24 other countries, by adding UnionPay International to your EFTPOS terminal. Once it’s set up, cardholders can access their accounts so their purchases won’t be limited to the cash they’re carrying. You only pay a fee when you make a sale, and if you’re already a customer with us there’s no change to your terminal — we simply turn the service on overnight.
Merchant service fee - Interchange Plus
With Interchange Plus you pay the exact interchange fee based on the card type or how the payment was made. A fixed margin is then added to cover scheme fees, transaction fees, and the acquirer’s margin.
Interchange Plus pricing
Interchange Plus provides greater transparency of your merchant service fees. With Interchange Plus pricing, your merchant service fee is made up of two components.
1. The actual interchange fee associated with each transaction. The actual interchange fee will vary depending on several factors, including the card type used, who issued the card, and how it's processed.
2. A fixed margin (known as the “plus” or “+”) to cover other processing costs, such as scheme fees, third party transaction fees and an acquirer margin.
1. The actual interchange fee associated with each transaction. The actual interchange fee will vary depending on several factors, including the card type used, who issued the card, and how it's processed.
2. A fixed margin (known as the “plus” or “+”) to cover other processing costs, such as scheme fees, third party transaction fees and an acquirer margin.
The above pricing applies for merchants who settle all transactions to a BNZ business account. A premium of 0.45% applies for merchants who settle transactions to non-BNZ business accounts.
Merchant service fees apply to the total monthly net sales (i.e. sales less refunds).
Eligibility criteria and terms and conditions apply.
Understanding merchant service fees
Merchant service fees apply to the total monthly net sales (i.e. sales less refunds).
Eligibility criteria and terms and conditions apply.
Apply for our EFTPOS standard offering
To help you start taking payments as quickly as possible, our standard offering is equipped with all the essential features you need. You’ll need an Agreement with Eftpos NZ^ and a BNZ account for settlements. This can be an existing account or you can set one up when you apply.
Features
Our standard offering for EFTPOS includes:
- contactless payments
- Eftpos cards
- Visa, Mastercard, American Express and UnionPay International credit and debit cards
- Apple Pay and Google Pay™
- card swipes and inserts
- tipping
- cash out
- matched refunds
- Payap.^
The standard offering doesn’t include:
- surcharging
- card not present transactions
- settling to a non-BNZ account.
Pricing
For Visa and Mastercard you’ll pay merchant service fees under the Interchange Plus pricing method.
American Express standard offering pricing:
- Fixed 1.15% for domestic cards
- Fixed 2.15% for international cards
UnionPay International standard offering pricing:
- Fixed 1.00%
Payap standard offering pricing:
- 0.39% of the value of net sales
In addition to merchant service fees, you’ll pay a monthly fixed fee for your EFTPOS terminal rental to Eftpos NZ:^
- $55.00 plus GST per month (includes network and SIM fee)
$100 fee may apply on the establishment of a merchant service facility.
Help and support
If you have questions or need help, call 0800 737 774.
If you’re looking for information on personal Eftpos cards, see Everyday cards.