CBA is here to support our customers and are waiving Merchant fees automatically for eligible business and community customers with an EFTPOS device or eCommerce facility from March to May 2020. Eligible customers will be contacted directly before the end of March. How do I know if I am eligible? Effective 25 March 2020, we’ll apply the automatic waiver to any business who: a) have been Government ordered to shut down, which includes: Registered and licensed clubs, licensed premises in hotels and pubs, casinos and nightclubs Cinemas and entertainment venues Auctions and open house inspections Personal services such as beauty therapy, tanning, massage and tattoo parlours (but not physiotherapy) Outdoor and indoor markets, although “major food markets” (the prime minister cited Sydney’s Flemington market as an example) will be addressed by states and territories Amusement parks and arcades, and indoor and outdoor play centres Galleries, museums, libraries and swimming pools Gyms and indoor sport venues Places of worship b) have been impacted by restrictions due to Government ordered change of operations, which includes: Hairdressers and barbers Boot camps and personal training Restaurants and cafes Business related to weddings and funerals We continue to stand shoulder to shoulder with the Reserve Bank, the Government, and the Australian Banking Association, and will review this list as the situation evolves in order to support your business. What fees are being waived? Customers with a Simple Merchant Plan: Your Simple Merchant Plan fee: this is the flat rate fee paid monthly. It may be $30, $60, $90, $120 or $150 depending on your agreement Any excess transaction costs: these are the 1.5% transaction costs which are incurred when you go over your cap limit Stationary costs: Only applicable for customers who have an EFTPOS terminal and require printer tally rolls Additional terminal Rental fee: $29.50 per additional terminal Chargeback fees Customers who are not on a Simple Merchant Plan: Your merchant terminal rental costs: Monthly fee charged for each terminal you have, costs will vary depending on the terminal type. This cost is not applicable for eCommerce products The minimum monthly Merchant Service Fee: this cost is unique to each business and can be located within your Fee Schedule Stationary costs: Only applicable for customer who have an EFTPOS terminal and require printer tally rolls The Monthly Access Fee: this cost is unique to each business and can be located within your Fee Schedule. This cost is only applicable for BPOINT, CommWeb and Internet Merchant Account customers Which fees still apply? Customers who are not on a Simple Merchant Plan: Transaction fees Chargebacks fees
For merchants with working terminal(s) that are facing financial hardship due to the Coronavirus, but can still trade as an essential service, we’ll offer a fee waiver on terminal rental for a period of up to 6 months. Merchants that won't be operational for some time, so want to suspend trade If you have working terminal(s) but can no longer trade, and therefore wish to temporarily suspend your facility, we’ll offer a fee waiver on terminal rental and monthly fees (i.e. package or MSF costs) for a period of up to 6 months. Merchants wanting to permanently close their facility If your business can no longer trade, and you wish to permanently close off your facility, we’ll close your facility for you. HICAPS can now process Medicare item codes for telehealth services and COVID-19 items GPs, specialists, consultant physicians, obstetricians, consultant psychiatrists, nurse practitioners, allied mental health workers and midwives can now provide health consultations via telehealth services, which are bulk billed at no cost to patients through their HICAPS terminals. For more information visit COVID19 telehealth services.
PayPal is one of the most trusted names in online payment and merchant services. Its simplicity and secure systems have won fans all over the globe. Accept payments easily online and build credibility on your site as PayPal is trusted by many consumers. You can easily build an online store, integrate with shopping carts, send invoices and accept payments from emails. Small businesses can can choose from a host of services such as: Accept payment online Online invoicing Merchant services Contactless payment with secure card readers Small business loans
Offering an unsecured loan of up to $250,000 (lending criteria applies) with no establishment, no account fees, and no repayments required for 6 months for small and medium-sized businesses with less than $50 million annual turnover.For the first 6 months, interest will be deferred and capitalised at a reduced variable rate from 4.5% p.a.From 6 months, principal and interest payments will be required.What is available? Three year, unsecured BetterBusiness Loans of up to $250,000 for working capital purposes only (not asset purchases or refinancing of existing debt).For the first six months, all repayments are deferred. For the remaining term of the loan, amortising principal and interest repayments will be applicable.No establishment or account fees.This offer is for new loan applications only and cannot be applied to existing loans, including top-ups or variations.Customers may only access one loan under this offering.The BetterBusiness Loan includes online redraw capability, which means customers will only pay interest on drawn balances.Who is eligible? Small to medium sized businesses and community groups with annual turnovers less than $50 million can apply for loans under this offering.The offer is limited to one loan per customer.Not-for-profit organisations with turnover less than $50 million are also eligible.Both current CommBank business customers and new-to-bank customers are eligible.
Up to $250,000