The problem
Monthly terminal rental on top of the transaction rate.
With Wavepay
Free terminal and no monthly fees.
Guides
An alternative to bank EFTPOS, with a team you can call.
Bank terminals often come with rental, a long contract and a call centre. Wavepay keeps it simple, and you talk to people who understand small business.
Verifone V660p
Android smart terminal with 4G and Wi-Fi
PCI PTS 7.x
approved payment hardware
No lock-in
contracts or exit fees
Melbourne-based
real people on email, 7 days
The problem, and the fix
What's costing you, and how Wavepay fixes it.
The problem
Long hold times and being passed between departments.
With Wavepay
A Melbourne-based team, 8am to 8pm, 7 days a week.
The problem
Having to bank with them to get a good rate.
With Wavepay
Keep your existing bank. We settle to any Australian business account.
Do you need to switch banks?
No. Wavepay settles to your nominated Australian business bank account, so you can keep banking where you are.
Compare the full cost
Some banks offer low rates but charge monthly rental per terminal. Add rental to your rate to compare fairly. With Wavepay, there's no rental, so your cost is simply 0.89% of your card sales, GST included.
Savings calculator
See what you could save.
Enter your monthly card sales. We compare Wavepay with other EFTPOS options that charge no monthly terminal fee.
Compared with EFTPOS options that charge no monthly terminal fee, using published rates for eftpos, Visa and Mastercard as at November 2026. Providers that charge monthly terminal rental may offer lower transaction rates. Wavepay's rate includes GST.
| No monthly fee | Rate | Per month |
|---|---|---|
| Square | 1.6% | $320 |
| Zeller | 1.4% | $280 |
| Tyro | 1.3% | $260 |
| Westpac EFTPOS Air | 1.25% | $250 |
| CommBank Smart Mini+ $59 to buy | 0.99% | $198 |
| Wavepay | 0.89% | $178 |
You could save up to
$1,704
a year with Wavepay
Common questions
Do I need a new bank account?
No. We settle to any Australian business bank account.
Who do I call for support?
Our Melbourne-based team at sales@wavepay.com.au, 8am to 8pm Melbourne time, 7 days a week.
Related
Get started
Get your free terminal.
Tell us about your business and a Melbourne-based specialist will come back to you within one business hour with next steps.
- Melbourne, VIC
- sales@wavepay.com.au
- Mon to Sun, 8am to 8pm (Melbourne time)