EFTPOS to use smartphones for contactless payments
The information provided on this page is summary only.
Standard PayClip Terms: Subject to credit criteria and merchant services terms. Data connection needed. Device rental and transaction fees apply. Eftpos, Visa and MasterCard credit and debit cards only. Compatible with Apple devices with the two most recent iOS operating systems and devices with Android OS4.1 and above. iPhone and iPad are trademarks of Apple Inc, registered in the U.S. and other countries. Android is a registered trademark of Google Inc.
Service Fee of 2.95% of the total monthly net $ value (i.e. monthly sales transactions less refund transactions) of Visa and MasterCard transactions (including Visa PayWave and MasterCard PayPass transactions) processed through the PayClip device. The Service Fees will be calculated monthly at the end of each calendar month, and are payable by you on the 15th of the subsequent calendar month. Should the 15th of the month fall on a day which is not a banking day, the fees will be payable on the next banking day.
The standard monthly device fee will be debited from your nominated bank account.
Funds will be deducted from your customer’s account and recorded immediately on your BNZ PayClip app and portal. Funds will be paid into your bank account on the next banking day. See your Merchant Service Agreement for details.
