Info
In order to begin processing realtime payments, you will need to:
1. Register as a Payments.com.au Merchant
Registering as a Payments.com.au Merchant is a straight-foward process.
Any legitimate business or person can register at Payments.com.au, however you will need to ensure you have a valid ABN, business name and Australian bank account.
To begin, you will need your Merchant Name exactly as it appears with your ABN/GST registration - as Payments.com.au performs a real-time check of your details.
If they are not correct, your registration will not be able to proceed.
You can begin the registration process here.
2. Establishing an Internet Merchant Facility
In addition to completing the Registration Details at Payments.com.au - Merchants will need to:
1. Have a bank account at any Australian Bank
2. Obtain an Internet Merchant Terminal ID from any one of the supported Australian banks:
An Internet Merchant Terminal ID allows us to link your Payments.com.au Merchant Account to your nominated bank account - this will ensure funds processed using Payments.com.au are reconciled to the correct nominated bank account.
Note: An EFTPOS Merchant facility is NOT suitable, you must obtain an Internet Merchant Terminal ID.
We'll provide a check list for you of the steps for getting an Internet Merchant Terminal ID after you register below.
1. Register as a Payments.com.au Merchant
Registering as a Payments.com.au Merchant is a straight-foward process.
Any legitimate business or person can register at Payments.com.au, however you will need to ensure you have a valid ABN, business name and Australian bank account.
To begin, you will need your Merchant Name exactly as it appears with your ABN/GST registration - as Payments.com.au performs a real-time check of your details.
If they are not correct, your registration will not be able to proceed.
You can begin the registration process here.
2. Establishing an Internet Merchant Facility
In addition to completing the Registration Details at Payments.com.au - Merchants will need to:
1. Have a bank account at any Australian Bank
2. Obtain an Internet Merchant Terminal ID from any one of the supported Australian banks:
- ANZ
- BankWest
- CBA
- Citibank
- Macquarie
- NAB
- St George
- Westpac
An Internet Merchant Terminal ID allows us to link your Payments.com.au Merchant Account to your nominated bank account - this will ensure funds processed using Payments.com.au are reconciled to the correct nominated bank account.
Note: An EFTPOS Merchant facility is NOT suitable, you must obtain an Internet Merchant Terminal ID.
We'll provide a check list for you of the steps for getting an Internet Merchant Terminal ID after you register below.
What does it cost the Merchant?
A low setup fee of only $199
The Merchant has a number of choices:
Plan A$49.95 per month, 100 free transactions then$0.45c per transaction after that |
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Plan B$29.95 monthly fee, 0.45 cent transactions |
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Plan C$19.95 monthly fee, 1% of transaction valueor 0.45 cents, whichever is greater. |
Are there any other charges?
When you place funds in your Payments.com.au transaction account, a 0.45 cent transaction fee applies, plus a 1.9% merchant service fee charged by the bank or a 1.9% administration charge. Payments.com.au does not profit from these charges, the cost is merely being passed on to the consumer.Can Merchants Switch between the two Options?
Yes, the Merchant can switch at any time between payment plans - a switching fee of $49.95 applies at the time of the switch between the Options above.The above rates are subject to change. Merchants are required to meet all bank credit card fees and account charges in the usual manner. Government charges are also applicable. Merchants are also charged the credit card collection fee deducted by the bank when their Merchant Transaction Account balance is topped up. The Merchant will also need an Internet connection to input invoices at Payments.com.au or to check Statements online and use the Merchant Admin System. An Internet site is not required. (Rates quoted include GST)
