Westpac
- In-person rate
- 1.2%
- Online rate
- Custom quote
- Monthly fee
- $24.75/mo
- Terminal cost
- $24.75/mo rental
- Contract length
- No lock-in
- Settlement time
- Instant
- Est. monthly cost
- —
Westpac
Westpac merchant services including EFTPOS Air for soft-POS payments.
- In-person rate
- 1.2%
- Online rate
- Custom quote
- Monthly fee
- $24.75/mo
- Contract
- No lock-in
Best for
Westpac business customers and tradies needing phone-based acceptance.
Pricing breakdown
Every fee we track, grouped by where it applies.
In-person payments
EFTPOS terminal and tap-to-pay transactions.
- Transaction rate
- 1.2%
1.2% flat rate for EFTPOS Now/Flex/Connect. EFTPOS Air app is 1.4% with no monthly fee. Currently offering $0 merchant fees for 3 months for new customers.
- Monthly fee
- $24.75/mo
Terminal rental.
- Terminal cost
- $24.75/mo rental
- Setup fee
- Free
Online payments
Online checkout and keyed-in card transactions.
- Transaction rate
- Custom quote
- Monthly fee
- $24.75/mo
Terminal rental.
- Setup fee
- Free
Other fees
- Chargeback fee
- Custom quote
- AMEX rate
- 1.2%
Included in the 1.2% flat rate.
- International card surcharge
- Custom quote
- Early termination fee
- None
No lock-in contract.
- Instant payout fee
- Instant
Instant settlement to Westpac accounts.
- Refund fee
- Custom quote
- PCI compliance fee
- Custom quote
Contract terms
- Contract length
- No lock-in
- Settlement time
- Instant
Instant settlement available with a Westpac business account.
- Least-cost routing
- Yes
- Recurring billing
- Yes
Last verified 14 May 2026.
Accepted payment methods
Cards, wallets, and other methods supported by Westpac 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
- EFTPOS Air requires no hardware
- Big Four bank backing
Cons
- No public pricing
- Application and onboarding slower than fintech alternatives
About Westpac
Westpac offers traditional EFTPOS terminals and EFTPOS Air, a soft-POS solution that turns a compatible smartphone into a card reader. Pricing is custom-quoted.
Westpac was founded in 1817 and is headquartered in Sydney, Australia.
How Westpac 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 Westpac
The same questions Australian merchants ask before signing up.
Westpac charges in-person transactions at 1.2% for Australian merchants. Compare these rates against other providers on our payment-providers comparison page.
Westpac does not require a lock-in contract for Australian merchants. You can switch providers at any time without an exit fee.
Westpac settles funds on a instant schedule for Australian merchants. Settlement timing can be a deciding factor for cash flow, see how it compares on our payment-providers comparison page.
Westpac accepts AMEX in Australia at 1.2%. Some providers price AMEX higher than Visa and Mastercard, so check the comparison before signing on.
Yes. Westpac 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.
Westpac is best suited to westpac business customers and tradies needing phone-based acceptance. 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 Westpac 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 Westpac
Compare Westpac against every other Australian provider on price, contract terms, and features.