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Australia's leading

integrated EFTPOS

solution provider

COVID-19 UPDATE : Quest is continuing to monitor the COVID-19 situation daily.  We acknowledge this is a trying time for all, and we are providing continuity of service to ensure payments keep flowing for our customers, many of whom are essential businesses.    Read more >

Quest Payment Systems

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.

Reduce your cost of card acceptance immediately!

Least-Cost Routing

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

Transaction:

Interchange Fee:

Acquirer Margin:

Total Fees:

eftpos Debit fee:

 

Example B              Routed via Scheme

Transaction:

Interchange Fee:

Acquirer Margin:

Total Fees:

eftpos Debit fee:

 

 

Interchange 0.22%

 

 

 

 

0.22%

0.265%

 

 

 

 

 

0.22%

0.265%

 

 

 

Margin 0.265%

Flat Fee $0.12

 

 

$40

$0.088

$0.106

$0.194

$0.12

 

 

$15

$0.033

$0.039

$0.072

$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

www.questpocketpay.com.au