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
Get access to your card payments the same day when your EFTPOS payments are settled to a BNZ account. Card payments are deposited into your account around 11pm every day, including weekends and public holidays.
Security
We comply with PCI DSS guidelines and use additional security measures to help protect your customers’ card data and your business from fraud and potential revenue loss.
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 - fixed pricing
With fixed pricing, you pay a set merchant service fee based on the payment type and whether the card was issued in New Zealand (domestic) or overseas (international). The fee is calculated as a percentage of each transaction, giving you greater certainty over the cost of accepting card payments.
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.
Fixed pricing is available to eligible businesses with an average transaction size of $20 or more per month. If your average transaction size is less than $20 per month, or later falls below $20 per month, we may offer or transfer you to a different pricing plan, such as Interchange Plus.
Understanding merchant service fees
Fixed pricing is available to eligible businesses with an average transaction size of $20 or more per month. If your average transaction size is less than $20 per month, or later falls below $20 per month, we may offer or transfer you to a different pricing plan, such as Interchange Plus.
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’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
- manual entry (MANPAN) transactions
- settling to a non-BNZ account.
Pricing
Visa and Mastercard standard offering pricing:
- Fixed 0.95% for domestic cards
- Fixed 2.35% for international cards
American Express standard offering pricing:
- Fixed 1.30% for domestic cards
- Fixed 2.30% for international cards
Union Pay International standard offering pricing:
- Fixed 1.15% for international cards
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.
Eligibility criteria, terms and conditions, and fees apply. Merchant services facilities are subject to BNZ’s Merchant Agreement (PDF 209KB) and Merchant Service Guide (PDF 1MB). Rates and fees are subject to change.
Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.
Visa is a trademark owned by Visa International Service Association and used under license.
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