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For merchants of all sizes, the cost of accepting an eftpos Australia card is undoubtedly lower than that of accepting a Visa/MasterCard transaction.
Quest’s payment terminals may be configured to implement Merchant Routing. If, at the ‘point of entry’ (card presentation), the card is a Multi-Network Debit card, the Quest payment terminal will route the transaction via standard eftpos network.
In the event a low-ticket transaction is processed, whereby the eftpos transaction fee is known to be higher than the Visa/MasterCard ‘interchange + margin’ fee, the Quest payment terminal will route it via the Visa/MasterCard network.
HOW IT WORKS
A Multi-Network Debit Card contains two 'card profiles'
When a Multi-Network Debit Card is inserted, the payment terminal will offer the cardholder their choice of application:
(Visa/MasterCard Debit - Cheque - Savings)
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1. Visa or MasterCard Debit Profile
Priced on an 'interchange + margin' basis
2. eftpos Australia Ace application
Priced at a set 'cents' value, ie. $0.15 per txn
However, when the card is tapped, the transaction currently always routes via the Visa/MasterCard network.
Using Least-Cost Routing, Quest will instead ensure the transaction is routed using the least expensive network.
SAMPLE MERCHANT SERVICE FEES
Scheme Debit Cards:
Eftpos Australia Debit Cards:
Example A Routed via EFTPOS
eftpos Debit fee:
Example B Routed via Scheme
eftpos Debit fee:
Flat Fee $0.12
Australia's leading integrated EFTPOS solution provider
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Quest Pocket Pay is a Registered Trademark of Quest Payment Systems Pty Ltd. Quest Merchant Services is a Registered Business Name of Quest Payment Systems Pty Ltd ABN 19 100 042 475