CommBank Smart
- In-person rate
- 1.1%
- Online rate
- Custom quote
- Monthly fee
- Free
- Terminal cost
- From $0
- Contract length
- No lock-in
- Settlement time
- Same day
- Est. monthly cost
- —
CommBank Smart
CommBank merchant services with same-day settlement to a CommBank account.
- In-person rate
- 1.1%
- Online rate
- Custom quote
- Monthly fee
- Free
- Contract
- No lock-in
Best for
Established CommBank business customers wanting integrated banking + payments.
Pricing breakdown
Every fee we track, grouped by where it applies.
In-person payments
EFTPOS terminal and tap-to-pay transactions.
- Transaction rate
- 1.1%
1.1% flat rate covers all major card schemes including AMEX.
- Monthly fee
- Free
- Terminal cost
- From $0
Smart Mini terminal available at no cost.
- Setup fee
- Free
Online payments
Online checkout and keyed-in card transactions.
- Transaction rate
- Custom quote
- Monthly fee
- Free
- Setup fee
- Free
Other fees
- Chargeback fee
- Custom quote
- AMEX rate
- 1.1%
AMEX included in the 1.1% flat rate.
- International card surcharge
- Custom quote
- Early termination fee
- None
No lock-in contract.
- Instant payout fee
- Same-day available
Same-day settlement to CommBank accounts.
- Refund fee
- Custom quote
- PCI compliance fee
- Custom quote
Contract terms
- Contract length
- No lock-in
- Settlement time
- Same day
Same-day settlement to a CommBank account; before 9:30pm Sydney/Melbourne for eligible customers.
- Least-cost routing
- Yes
- Recurring billing
- Yes
Last verified 14 May 2026.
Accepted payment methods
Cards, wallets, and other methods supported by CommBank Smart for Australian merchants.
Cards
- Visa
- Mastercard
- EFTPOS
- AMEX
- UnionPay
- JCB
- Diners Club
Digital wallets
- Apple Pay
- Google Pay
- Samsung Pay
Strengths and trade-offs
Pros
- Same-day settlement to CommBank accounts
- Wide branch and support network
- Strong Big Four backing
Cons
- No public pricing
- Typically more expensive than flat-rate alternatives for small businesses
About CommBank Smart
Commonwealth Bank merchant services include the Smart terminal range. Pricing is custom-quoted and varies with business size and card mix.
CommBank Smart was founded in 1911 and is headquartered in Sydney, Australia.
How CommBank Smart compares
Side-by-side with the closest alternatives by estimated monthly cost.
Zeller
$633/mo est.
- In-person rate
- 1.4%
- Online rate
- 1.7% + $0.25
- Monthly fee
- Free
- Terminal cost
- From $99
- Contract length
- No lock-in
- Settlement time
- Next business day
- Est. monthly cost
- $633/mo
Stripe
$723/mo est.
- In-person rate
- 1.7% + $0.30
- Online rate
- 1.7% + $0.30
- Monthly fee
- Free
- Terminal cost
- Hardware quoted
- Contract length
- No lock-in
- Settlement time
- Standard payouts
- Est. monthly cost
- $723/mo
Square
$757/mo est.
- In-person rate
- 1.6%
- Online rate
- 2.2%
- Monthly fee
- Free
- Terminal cost
- $65
- Contract length
- No lock-in
- Settlement time
- Next day
- Est. monthly cost
- $757/mo
Common questions about CommBank Smart
The same questions Australian merchants ask before signing up.
CommBank Smart charges in-person transactions at 1.1% for Australian merchants. Compare these rates against other providers on our payment-providers comparison page.
CommBank Smart does not require a lock-in contract for Australian merchants. You can switch providers at any time without an exit fee.
CommBank Smart settles funds on a same day schedule for Australian merchants. Settlement timing can be a deciding factor for cash flow, see how it compares on our payment-providers comparison page.
CommBank Smart accepts AMEX in Australia at 1.1%. Some providers price AMEX higher than Visa and Mastercard, so check the comparison before signing on.
Yes. CommBank Smart offers least-cost routing in Australia, which can lower the cost of contactless debit transactions by routing them through the cheaper EFTPOS network. This is a real saving for busy retail and hospitality merchants.
CommBank Smart is best suited to established commbank business customers wanting integrated banking + payments. To see how it stacks up for your specific volume and card mix, try our free fee calculator.
We may earn a commission when you click through to CommBank Smart and sign up, where a commercial arrangement is in place. This never affects ranking, the data we publish, or the comparisons we make on this page. Read our terms for the full picture.
Compare CommBank Smart
Compare CommBank Smart against every other Australian provider on price, contract terms, and features.