What's a Simple Merchant Plan?

A Simple Merchant Plan allows your business to pay a fixed monthly amount for your payment terminal, as long as you stay within the included monthly card turnover2. Any eligible business that wants to get a CommBank payment terminal like Essential Lite and a monthly plan can apply.

Here's how it works

  • Choose a device and plan. No lock in plan and includes AMEX at no extra charge1
  • Get same day settlement3 to your linked CommBank Business Transaction Account on all EFTPOS and credit card sales your business makes, 365 days a year.
  • Pay a fixed monthly amount for your device and transaction, as long as you stay within the included monthly card turnover2
  • Get access to all major card schemes, including American Express® and JCB1, Mastercard®, Visa and UnionPay4

Device

Essential Lite

Accept payments instore or on the go with broadband internet or 4G/3G Mobile connectivity options. Accept all cards and contactless payments. User-friendly for fast payments.

Plans

Find the plan that covers your current monthly card turnover. $05 for your first device. $29.50 ea for additional devices. 

Merchant Choice Routing is not enabled for terminals on a Simple Merchant Plan, as the plan already applies a fixed monthly fee for your terminal and included transactions, regardless of network and card type.

Price per month
Monthly card turnover6
Fee on any purchases over incl. turnover
$30
$1,500
1.5%
$60
$3,000
1.5%
$90
$6,000
1.5%
$120
$9,000
1.5%
$150
$12,000
1.5%

Call 1800 730 554 to apply

Things you should know

AMEX is available for eligible customers only.  The customer must request AMEX at time of application. 

As long as you stay within the included monthly card turnover, you’ll pay one fixed amount every month for your payment terminal.

Everyday Settlement is available on all transactions made before 10.00pm (AEST) for eligible customers with a Commonwealth Bank business transaction account and a linked Commonwealth Bank merchant facility.

4 UnionPay is available for eligible customers only. Diners transactions are available at an additional cost. 

$0 device fee applies to the first Essential Lite on the $30, $60, $90, $120, $150 fixed plan only.

An excess usage fee of 1.5% applies to any monthly card turnover over your included amount. Additional fees and charges may apply including $30 chargeback fee (per chargeback), $110 recovery and data removal fee, and $500 terminal non-return fee for all terminals except Emmy which is $250. The full fee list will be sent to merchants before the merchant application is approved.

View Terms and Conditions for Business Transaction and Savings Accounts  and our Financial Services Guide and consider them before making any decision about these products. This advice has been prepared without considering your objectives, financial situation or needs. Before acting on the advice, please consider if it’s right for you. Bank fees and charges may apply. Download the Merchant Agreement Terms and Conditions for more information.