Your EFTpos surcharges



Soon EFTPOS/credit rates will increase. These actual amounts are less than expected. This appears to be true of all banks. This affects new contracts made in this financial year.

Those who took our advice of locking in the rates last year are not affected.

I would suggest that if you charge a surcharge, you need to review this charge. Most EFTPOS have a portal you can check out. If not, call the customer service team at your EFTPOS bank. One problem here is although the banks are quoting a rate, these are subject to change as the banks are unsure of some of the charges. This means your actual new rate is yet to be determined. This will make it challenging for you to budget and notify your customers of your new EFTPOS charges.

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