Key facts
- •ANZ merchant fees range from 0.5% to 1.8% depending on card type and volume
- •Monthly merchant service fees from $20/month
- •Terminal rental fees apply
- •Rates are negotiated - not published publicly
- •October 2026 surcharge ban applies
ANZ merchant fees
| Type | Fee | Monthly |
|---|---|---|
| QwikPay | $0.00Zero fees | Free 12 months, then from $19.99/mo |
| ANZ (negotiated) | 0.5% - 1.8% | From $20/mo |
Rates vary significantly based on industry, volume, and negotiation. Contact ANZ directly for your specific rate.
How ANZ compares
At best rates (0.5%), ANZ is competitive with fintech providers. At negotiated rates above 1.4%, fintech alternatives like Tyro, Square, or Zeller offer published, predictable pricing. Bank rates require negotiation and minimum volumes that suit larger merchants.
The only option with $0 transaction fees and instant settlement
Tyro, Square, and Zeller all charge a percentage of every card transaction and settle funds the next business day. QwikPay charges merchants nothing per transaction. Payments are processed through the QwikPay wallet via QR code, not through a card network. No interchange. No scheme fee. No merchant service fee. Settlement is instant and on-demand - withdraw to your bank account whenever you choose, not when your provider decides. QwikPay sits alongside your existing terminal as an additional payment option. Your current setup stays exactly where it is.
Apply free - 12 months free if you sign up before 30 August 2026Frequently asked questions
What does ANZ charge for merchant services?
ANZ merchant fees vary from 0.5% to 1.8% depending on card type, transaction volume, and industry. Rates are negotiated and not published publicly.
Does ANZ charge a monthly fee?
Yes. ANZ typically charges from $20 per month for merchant services, plus terminal rental and per-transaction fees.
Is ANZ cheaper than Tyro or Square?
It depends on your negotiated rate and transaction volume. At 0.5% ANZ is cheaper; at 1.8% it is more expensive than most fintech alternatives.
Can I use QwikPay alongside my ANZ terminal?
Yes. QwikPay is an additional payment option that works alongside your existing ANZ EFTPOS setup.
What happens after the October 2026 surcharge ban?
ANZ merchants can no longer pass card fees to customers via surcharge. The fees continue and come out of your margin.