Commonwealth Bank of Australia

Commonwealth Bank of Australia, known as CommBank or CBA, offers EFTPOS acquiring to Australian merchants through a range of card terminals.

Terminals

The range includes the Smart, Smart Mini, Smart Integrated and Essential Plus terminals. The bank lists portable options as well as variants integrated with the till, so a business can choose between a handheld device and a terminal connected to its point-of-sale system. The service is described as EFTPOS acquiring with portable terminals.

Eligible customers

CommBank states that the offer covers sole traders, private companies, partnerships, trusts, self-managed super funds (SMSFs) and schools using the Qkr app. This wide list shows that the acquiring service is available to many legal forms rather than only to incorporated companies.

Who it suits

The offer suits Australian retailers, hospitality venues, service providers and organisations that need a bank-backed card terminal, and that want the choice between a portable and an integrated device. Merchants should ask about terminal fees, transaction charges and settlement times, because these are not stated in the profile. Businesses that already hold an account with the bank should also ask whether account and acquiring services can be combined.