EFTPOS rates compared: the lowest merchant fees in Australia
By Dougal Anderson, Co-founder, Compayr · · 4 min
The lowest published in-person card rate in Australia is 0.79% from Westpac, plus a $24.75 monthly terminal fee. CommBank Smart is 0.99%. With a Smart Mini bought outright for $59 there is no monthly fee. Below about $12,400 a month in card sales CommBank Smart Mini costs less. Above it Westpac costs less. Rates checked 5 and 6 November 2026 on each provider's own pricing page.
Compayr is a free merchant payment comparison site. Compayr does not sell payment processing and has no offer of its own in this table.
What does each provider charge?
Published in-person rates including GST, checked by Compayr. Each rate links to the provider's pricing page on the merchant fees dataset.
| Provider | Rate | Monthly terminal fee | Checked |
|---|---|---|---|
| Westpac | 0.79% | $24.75 | 5 Nov 2026 |
| ANZ Worldline | 0.95% | $25.00 | 6 Nov 2026 |
| CommBank Smart | 0.99% | $0 with Smart Mini ($59 to buy). $29.50 for the Smart terminal | 6 Nov 2026 |
| NAB | 1.05% | $25.00 | 5 Nov 2026 |
| Tyro | 1.30% | $19.00 (Pro Lite) | 6 Nov 2026 |
| Zeller | 1.40% | $0 | 5 Nov 2026 |
| SumUp | 1.40% | $0 | 5 Nov 2026 |
| Square | 1.60% | $0 | 5 Nov 2026 |
Zeller, SumUp and Square sell the terminal outright instead of renting it. Shift4 publishes no standard pricing and is not ranked. Promotional rates, such as Tyro's 1% offer to 31 March 2027, are excluded.
Which provider costs least at my turnover?
Monthly cost of the rate plus the monthly terminal fee. CommBank Smart is shown with a Smart Mini. Terminals bought outright are not included. Compare shows them next to each rate.
| Monthly card sales | Westpac | CommBank Smart | ANZ Worldline | NAB | Tyro | Zeller | SumUp | Square |
|---|---|---|---|---|---|---|---|---|
| $10,000 | $103.75 | $99.00 | $120.00 | $130.00 | $149.00 | $140.00 | $140.00 | $160.00 |
| $20,000 | $182.75 | $198.00 | $215.00 | $235.00 | $279.00 | $280.00 | $280.00 | $320.00 |
| $35,000 | $301.25 | $346.50 | $357.50 | $392.50 | $474.00 | $490.00 | $490.00 | $560.00 |
| $50,000 | $419.75 | $495.00 | $500.00 | $550.00 | $669.00 | $700.00 | $700.00 | $800.00 |
- Under about $12,400 a month: CommBank Smart with a Smart Mini is lowest
- Over about $12,400 a month: Westpac is lowest
- At $35,000 a month the gap between the lowest and highest is $258.75 a month, about $3,105 a year
Which bank has the lowest merchant fees?
Westpac, for most businesses. 0.79% plus a $24.75 monthly terminal fee. CommBank Smart with a Smart Mini is lower for a business taking less than about $12,400 a month on card. With the rented Smart terminal at $29.50 a month, Westpac is lower at every turnover. ANZ Worldline is 0.95% on domestic cards plus $25 a month. International Visa and Mastercard cards are 2.80%. NAB is 1.05% plus $25 a month.
Why is the advertised rate not what I pay?
- Terminal rental or purchase
- Different rates for Amex, premium and international cards
- Online and phone payments priced separately
- Approval conditions on some bank rates
- Negotiated rates for larger businesses
Your effective rate is the real figure. Divide last month's card fees by last month's card sales. How to read your merchant statement shows where to find both numbers.
How do I find my lowest cost option?
Enter your monthly card sales on Compare. Compayr ranks 15 providers with published rates, from the 17 Compayr compares, by estimated cost at your turnover. Each rate shows the date it was checked and links to its source. Choose the lowest cost option and switch through its link.
Which providers passed on the interchange cut shows who has cut rates since 1 October.
Compayr may earn a referral fee when a merchant switches through its links. Referral fees never affect the ranking.
What is the lowest EFTPOS rate in Australia?
0.79% from Westpac, plus a $24.75 monthly terminal fee, checked 5 November 2026. It is the lowest published in-person rate Compayr tracks.
Is Square, Zeller or Tyro lower?
Tyro is 1.30% plus $19 a month on the Pro Lite. Zeller is 1.40%. Square is 1.60%. At $20,000 a month Tyro costs $279, Zeller $280 and Square $320, before terminal purchases. See Square vs Zeller vs Tyro.
How much can a small business save?
At $35,000 a month in card sales, moving from 1.6% to Westpac's 0.79% plus $24.75 saves about $3,105 a year. See cutting card fees is an easy win.
How often are these rates checked?
About once a week. Compayr's crawler checks each provider's published pricing page. Each rate shows the date it was last verified.
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