ANZ

ANZ does not publish a standard transaction rate. Rates are negotiated individually and depend on your industry, monthly card volume, average transaction size, and existing ANZ banking relationship. Businesses need to request a quote directly from ANZ.

ANZ offers same-day settlement to ANZ business bank accounts, which is one of its key advantages over fintech-first providers. Settlement to non-ANZ accounts follows a standard schedule.

ANZ offers Merchant Choice Routing (MCR), which directs eligible contactless dual-network debit card transactions through the eftpos network when it is cheaper. However, public data from the Reserve Bank of Australia has shown that MCR adoption rates among ANZ merchants have been relatively low compared to some independent providers.

Contract terms vary by merchant agreement. ANZ does not publicise a standard contract length, and early termination fees are subject to your individual agreement. It is important to confirm lock-in and exit terms before signing.

ANZ can accept AMEX payments as part of its merchant services. The rate for AMEX is not publicly listed and is included in your quoted pricing, but AMEX interchange is generally higher than domestic Visa or Mastercard debit rates.

ANZ merchant services suit established ANZ business banking customers who value same-day settlement into an existing ANZ account, branch support, and the credibility of a Big Four bank. Businesses that prioritise transparent flat-rate pricing or fast self-serve onboarding may find fintech alternatives more practical.