The problem
Terminal rental of $20 to $30 a month, every month, even in quiet months.
With Wavepay
The Wavepay terminal is free. No rental, ever.
Guides
The cheapest EFTPOS machine is the one with no hidden costs.
A cheap terminal can still cost you a fortune in rental, monthly fees and a high rate per card transaction. Here's how to work out what you really pay, and why Wavepay keeps it to one number.
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
A cheap terminal to buy, then 1.4% to 1.6% on every card transaction.
With Wavepay
One flat 0.89% per card transaction, GST included.
The problem
Statements full of scheme fees, card-mix rates and line items you can't check.
With Wavepay
One rate. Scheme fees are included, so your statement is easy to check.
Work out your real monthly cost
Add three things: the rate you pay on your card sales, any monthly terminal rental, and any monthly account or minimum fees. A provider with a low rate and rental can cost more than one with a slightly higher rate and no rental, depending on how much you take on card.
Where Wavepay fits
With no rental and no monthly fees, your only cost is 0.89% of what you take on card. If you take $20,000 a month, that's $190. Use the calculator below to compare it with other no-monthly-fee terminals.
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
What's the cheapest way to take card payments?
For most small businesses, the cheapest option is a low flat rate with no terminal rental or monthly fees, because fixed fees cost the most in quiet months. Wavepay charges 0.89% per card transaction including GST, with a free terminal and no monthly fees.
Is a free EFTPOS terminal really free?
With Wavepay, yes: no upfront cost, no rental and no monthly fee. The free terminal is subject to a minimum monthly card sales amount, which we confirm before you sign up.
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)