1. The Commonwealth Bank of Australia ‘StepPay 4% Merchant Cash Incentive’ (Campaign) is conducted by the Commonwealth Bank of Australia ABN 48 123 123 124 of 124 of Level 5B, 11 Harbour Street, Sydney NSW 2000 (PH: 13 2221).
2. The Campaign commences at 12:01am (AEST) on 1st November 2021 and closes at 11:59pm (AEST) on 31st December 2021 (Campaign Period).
3. The StepPay 4% Merchant Cash Incentive is calculated based on the total value of StepPay transactions processed on a CommBank merchant facility between 1 November 2021 and 31 December 2021.
4. The cash incentive will be credited to the linked CommBank transaction account within 45 days after the Campaign date has ended.
5. Maximum of $5,000 will be paid per eligible Merchant facility under this Campaign.
6. Cash incentive is inclusive of any applicable GST. CommBank accepts no responsibility for any tax implications that may arise on receipt of the cash incentive. Accordingly, merchants should seek their own advice from the Australian Tax Office or their own taxation advisor.
7. We reserve the right to terminate the offer at any time. Offer valid as at 1 November 2021 and subject to change.
8. Eligibility and exclusions apply. This campaign is applicable to Australian residents who:
(a) Are a CommBank merchant customer during the Campaign Period;
(b) Have a valid CommBank merchant number;
(c) Have a CommBank Business Transaction Account linked to their merchant facility;
(d) Are not in Institutional Banking or a business belonging to a franchise;
(e) Are not in one of the following industries based on Merchant Category Code (MCC):
Full list of excluded industries by Merchant Category Codes (MCC).
