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The EFTPOS terminal is pre-configured to automatically settle at the same time 7 days a week. The settlement time is agreed upon during the application process and is your decision.
A gross settlement method is when your fees are calculated on your revenue at the end of the month. Fees are then charged and direct debited once per month.
A net settlement method is when your fees are calculated each day and retained from your funding on a daily basis. This means that you will not incur charges for your transactions at the end of each month.
Absolutely. We aim to provide flexible options for your business so you can decide which option best fits your requirements.