The Zeller transaction account and all associated services (including debit cards) are now available to all businesses, even if they don't need or use an EFTPOS terminal!
https://australianfintech.com.au/zeller-doubles-addressable-…
- The business bank account is completely free with no minimum balance or deposit requirements. No hoops of any kind as a matter of fact!
- Business debit cards are completely free. Again, no hoops of any kind.
- Invoices are free to send. Payment fees are 1.7% + 25c for payments made with domestic debit and credit cards. Higher fees for overseas cards. During February, invoice payment fees are waived.
EFTPOS terminals cost $299 as a one-off purchase + 1.4% for In-person payments and 1.7% for payments taken over the phone (i.e when you enter the card details manually into the EFTPOS terminal yourself).
This in my opinion is a new bar for business banking in Australia. Don't think there is anything else that even comes close but happy to be corrected.
Is 1.4% considering low fee?