Third-party Surcharge EFTPOS

Now you can earn the full amount of your goods & services. Being Bank Fee Free could not be easier. Why wait and change when everyone else has already got started? SAVE THOUSANDS EVERY YEAR!

Thousands of businesses every month are choosing to be merchant fee free. Sound too good to be true? Well it is not and it is very simple to get started. With Bank Fee Free you can neutralize your terminal rental and bank fees by passing a negligible surcharge on to your customers. Bank Fee Free is Australia’s only automatic third party surcharge terminal. You do not have to rely on staff to accurately calculate the surcharge amount and you do not have to worry about the ATO knocking on your door.

Bank Fee Free EFTPOS Terminal and signYour customers are charged:

  • a once off $0.30 for all debit card transactions,
  • 1.98% fixed rate on all VISA and MASTERCARD transactions
  • 2.99% on all AMEX transactions.

With this automated and trouble free solution you will not have to worry about raising product prices as regularly as your merchant fees rise to compensate for the reduced profits.


  • Funds cleared via trusted Bendigo Bank
  • Mobile terminals offer flexibility and savings
  • No Terminal rental fees
  • No Sign Up Fees
  • No Bank Fees to Pay

Your payments clear every day into your merchant bank account (Monday to Friday)

That’s right you will never need to pay bank fees on your merchant service when you use the surcharge app, exclusive to our terminals. Bank Fee Free…how good is that!

Simple low rate Surcharge is paid by your customers and handled by us. The low rate surcharge covers all bank fees.

  • NO Sign Up Fees
  • NO Credit Card Fees
  • NO Interchange Fees

Why is customer surcharge so popular?

With the introduction of Paywave and Paypass, merchants are experiencing an increase in spending on credit cards and paying a significantly higher amount of merchant fees to the banks, lowering their profitability. Smart Charge Terminals offer a simple, safe, fast and compliant way to completely eliminate your bank fees by charging a ‘customer surcharge’.

Our Terminals support processing funds from eftpos, Visa Card, Master Card with Pay wave and Pay pass, along with Diners, Amex and China Union Pay.

Rest easy knowing we deliver our EFTPOS terminal software and system to your terminal through the Bendigo Bank. We also clear your funds via Bendigo Bank. Not with Bendigo? No worries, you can stay with your current business bank for your normal business account.


  • Automatic and fully compliant Surcharge
  • Fully compliant with the Reserve Bank of Australian and ATO
  • GST on Surcharge is handles by MPayments, no need to report
  • 3rd Generation Eftpos Terminal technology

Highest Security
The iWL Series meets the highest security requirements and is PCI PTS 2.x and 3.x certified with SRED & Open protocol modules.

All Payment Options
The iWL Series accepts EMV chip & PIN, magstripe and NFC/contactless, as well as enables new NFC couponing and e-wallets.

Designed for Mobility
Designed specifically for mobility, the iWL Series provides extended battery life, in a lightweight, robust, compact-sized design and features a wide backlit keypad for outstanding display readability inside or outdoors.

Long Battery Life
Anticipating active use in remote environments focused on delivering outstanding battery life. In most cases, the iWL Series is designed to run all day in the most active retail environments.