NAB

NAB's in-person rate on its published Simple Pricing plan is 1.15%. This applies to the standard in-person terminal plan. Rates on the NAB Gateway online plan differ and include a separate monthly access fee not reflected in this figure.

NAB's standard in-person merchant plan carries a $25/mo monthly fee. This does not include the terminal rental, which is charged separately.

NAB offers Merchant Choice Routing (MCR) to direct 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 NAB's MCR activation rate across its merchant base has been relatively low, so it is worth proactively requesting activation.

NAB settles funds on the next business day for most merchant accounts. Businesses that also bank with NAB may access preferential settlement timing, but same-day settlement is not a standard feature.

NAB's published AMEX rate is 1.15%. This is notably lower than many flat-rate providers, which reflects NAB's ability to negotiate AMEX rates on behalf of its merchant base.

NAB offers Smart terminals for fixed-location businesses and Easy Tap, a software-based tap-to-phone solution that turns an Android device into a card reader with no hardware required. Easy Tap is well suited to lower-volume mobile businesses.

NAB merchant services are best suited to existing NAB business banking customers, particularly those with moderate-to-high card volumes who benefit from negotiated rates. Its Easy Tap product also makes it a practical option for mobile or lower-volume businesses who want bank-backed credibility.