National Australia Bank (NAB) provides EFTPOS (Electronic Funds Transfer at Point of Sale) solutions tailored to meet the needs of businesses seeking efficient and secure payment processing. Below is an overview of the key terms and conditions associated with NAB's merchant services.
Fees and Charges
NAB's standard merchant fees include:
- Merchant Service Fee: 1.15% per transaction on Visa, Mastercard, eftpos, and UnionPay cards.
- EFTPOS Terminal Rental Fee: $25 per month.
- Setup Fee: $0; no setup or installation fees.
- POS Integration Fee: $0; integration with over 700 POS systems is available at no additional cost.
Note: NAB offers negotiated pricing for eligible merchants. To explore tailored pricing options, contact NAB Merchant Services at 1300 338 767. Learn more about NAB EFTPOS machines.
Payment Acceptance Capabilities
NAB's EFTPOS terminals support a wide range of payment methods, including:
- Debit and credit cards (Visa, Mastercard, eftpos, UnionPay)
- Contactless payments (Apple Pay, Google Pay)
- Mobile wallet transactions
These capabilities ensure businesses can accommodate various customer preferences, enhancing the payment experience. Explore NAB's payment acceptance options.
Settlement and Support
With NAB, businesses benefit from:
- Same-Day Settlement: Access funds seven days a week when transactions are settled to a NAB business account before 9:30 PM (AEST/AEDT).
- 24/7 Australia-Based Support: Assistance is available anytime to address any queries or issues. Contact NAB Merchant Services.
Merchant Agreement and Compliance
All NAB merchants are required to adhere to the NAB Merchant Agreement, which outlines:
- Obligations regarding data security and compliance with the Payment Card Industry Data Security Standards (PCI DSS).
- Procedures for handling chargebacks and disputes.
- Terms related to the use of NAB's merchant services and equipment.
It's essential for merchants to review and understand these terms to ensure compliance and maintain a secure payment environment. Access the full Merchant Agreement.
For more detailed information or to discuss your business's specific needs, please contact NAB Merchant Services at 1300 338 767 or visit the NAB Merchant Services page.
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