Westpac cuts merchant fees in the race to October 1 surcharge ban
Westpac has announced its flat transaction rate will fall from 1.20% to 0.79% for payments made via its point-of-sale terminals.
Westpac says it will cut its card payment acceptance fees per transaction, as the big banks and payment service providers battle for business customers ahead of the October 1 surcharge ban.
The bank announced its flat transaction rate will fall from 1.20% to 0.79% for payments made via its point-of-sale (POS) terminals, effective from October 1.
Rates for payments made via Westpac’s mobile POS system EFTPOS Air, and its online payment systems, will drop from 1.40%
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