Head to head
CommBank Smart vs Square
Which card machine keeps more in your pocket? We rank both purely on estimated card costs — then weigh contract and settlement. Ranked on cost, with no paid placements.
How Compayr makes money: some providers pay Compayr when a merchant switches via our links — a one-off amount, an ongoing share while you process, or both. Others pay us nothing. This never affects rankings, which are ordered purely on lowest estimated card acceptance cost. How we compare
The "Compayr pick" is editorial — decided by the weighted side-by-side comparison below, led by lowest estimated card cost. It cannot be bought or influenced by any provider. How we compare
The Compayr verdict
Weighing card costs, contract and settlement together, CommBank Smart edges out Square as the stronger all-round choice for most merchants.
CommBank Smart lands about $191/month — roughly $2,295/year — cheaper at a sample $42,500 in monthly card sales.
Any savings shown exclude exit or early-termination fees payable to your current provider — check your agreement before switching. Not all products offered by each provider are compared: we compare one standard published plan per provider, and actual savings depend on your circumstances.
Choose CommBank Smart if you want…
- the lowest card processing cost at a typical volume
- a lower headline card rate
- cheaper hardware to get started
- faster access to your takings
Choose Square if you want…
- lower (or $0) chargeback fees
- a cleaner, more flexible contract
Side by side
| Feature | CommBank Smart | Square |
|---|---|---|
| Card processing costs / month | $425/mo | $616/mo |
| Card rate (ex-GST) | 1.00% | 1.45% |
| Fixed monthly fee | $0 | $0 |
| Hardware from | $0 | $59 |
| Chargeback fee | $23 | $0 |
| Settlement speed | Same day (to CommBank account) | Next business day |
| Contract | Rented terminal | No lock-in |
Figures ex-GST, estimated at a sample $42,500 in monthly card sales. A highlighted cell marks the better result on that row.
CommBank Smart
Typical use case: CommBank business customers wanting same-day settlement to their own account. (as positioned by the provider)
Square
Typical use case: Cafes, retail and pop-ups that want an all-in-one till, hardware and a quick online store with no lock-in. (as positioned by the provider)
Leaning towards CommBank Smart?
Run your own numbers by sector in our free calculator — ranked on estimated card acceptance cost.
Compayr may earn a referral fee when a merchant switches via our links. This never affects rankings, which are based purely on lowest card processing costs. Quote-only providers are never ranked as cheapest while a complete-cost option exists. Rates last verified 2026-09-03. This head-to-head is generated from published pricing and third-party review scores — always confirm current pricing with each provider before switching.