Pricing Comparison
This free Pricing Comparison service is only available to Australian businesses with annual payments volumes less than $20 million. If you operate a business outside of Australia, we can still support you on a consulting basis to source competitive pricing proposals from our Payment Service Provider Panel – please complete the contact form below.
A Pricing Comparison compares your current fees with a range of alternative service providers – Live eftpos, Suncorp, Fiserv, SmartPay and Co-operative Supermarkets Australia (CSA pricing leverages Live eftpos, and is only available to independent supermarkets that take up CSA membership). All pricing comparisons provided using this service incorporate least-cost routing as a standard feature.
Overview
Suncorp Bank has a proud history of supporting Australian businesses of all sizes, from family-run operations to large-scale development finance and agricultural enterprises. The bank has been recognised as the Money magazine Bank of the Year and Business Bank of the Year in 2018, 2019, 2020 and 2021.
Key Strengths
- Simple pricing with one rate for all credit card transactions and a debit card transaction fee.
- Least-cost routing to reduce merchant fees by routing debit card contactless transactions through the lower-cost network within set transaction limits.
- Same day settlement seven days a week, when credited to a Suncorp Bank Business Premium Account (for card sales processed prior to 9pm AEST).
- Business Premium Account with $0 monthly account keeping fees and no electronic, staff assisted and cheque transacting fees.
- Multi-merchant capability, with up to 11 merchants using the same terminals.
- Solution for health businesses to process private health fund claims, Medicare claims and credit and debit card transactions through the EFTPOS terminal.
- Choice of broadband (IP), mobile (GPRS) or mobile (WiFi) terminal connectivity.
- Dedicated technical support.
Useful Links
Merchant Services
In-Store Payments
Online Payments
Tools & FAQs
Settlement time frames and Settlement cut-off times
- Suncorp Business Bank accounts: 7 days per week same day settlement, 9 pm AEST settlement cut-off; Non-Suncorp bank accounts, 7 days per week next business day settlement, 9 pm AEST settlement cut-off.
- Settlements between 9pm and midnight are not allowed
How to Apply
If you find Suncorp the most suitable payments service provider for your business, please send an email to Robyn Shorten, Deposit & Payment Specialist at Suncorp using the email wording below. Attach the Suncorp Merchant Services Pricing Report from us and cc pricing@paymentsconsulting.com in your email.
Email address: robyn.shorten@suncorp.com.au
Hi Robyn,
We have been referred to by Payments Consulting Network after using their Merchant Advisory Pricing Comparison Service. Please see attached the Suncorp Merchant Services Pricing Report they have provided to us. We would gladly appreciate your response regarding the next steps so that we can commence the application process.
Looking forward to hearing from you soon. Thank you.
Regards,
[Signature]
To use this service, please complete the contact form below to provide information on your organisation and copies of relevant merchant statements. We will then email you the report within 3-5 business days. Enquiry links associated with the pricing outlined in the Pricing Comparison will be provided in the report to enable you to easily commence the application process should you decide to do so.
This service is provided by Payments Consulting Network as a free community service as part of our Giving Program. As such, please consider these terms and conditions.
Should you make a successful application using the enquiry link provided with the Pricing Comparison, the above service providers will make a referral payment directly to our charity partners, The Funding Network Australia Limited (TFN) ABN 75 166 134 774, and The Life You Can Save Australia Limited (TLYCS) ABN 90 623 716 370.
Through its interactive crowdfunding events, TFN connects grassroots non-profits to people and organisations interested in investing their money, time and talent to drive social change. TFN is registered with the Australian Charities and Not-for-Profits Commission and is endorsed as a Deductible Gift Recipient by the Australian Taxation Office.
TLYCS makes “smart giving simple” by curating a group of non-profits that save or improve the most lives per dollar. TLYCS aims to create a world where everyone has an opportunity to build a better life and where there is no suffering or death due to extreme poverty. TLYCS is a Public Benevolent Institution endorsed as a Deductible Gift Recipient by the Australian Taxation Office.
