RANZ

Restaurant Association of New Zealand

Westpac Exclusive Banking Package

Westpac Logo

1.48% - 1.62% commission rate for cardholder present credit cards transactions

1.62% if Average Transaction Size is <$90 and annual Credit Card turnover is less than $200K

1.48% if Average Transaction Size is >$90 and annual Credit Card turnover is more than $200K

If you are in a contract with another bank, the Restaurant Association or Westpac can contact you when it comes near to renewal date to review current options.

Quick examples: The following figures are what you would save if assuming your current commission rate is 2%

  • If Your Annual Credit Card Turnover = $100000 You save $380
  • If Your Annual Credit Card Turnover = $200000
  • If Your Annual Credit Card Turnover = $200000 >$90 ATS You save $1,040
  • If Your Annual Credit Card Turnover = $500000
  • If Your Annual Credit Card Turnover = $500000 >$90 ATS You save $2,600
  • If Your Annual Credit Card Turnover = $1000000 >$90 ATS You save $5400

More info - Download here.

Exclusive EFTPOSPlus member terminal deals:

  • Discounted EFTPOSPlus leasing options also available to members
  • Westpac EFTPOSPlus terminal leasing includes single billing, single relationship, nationwide courier swapout service, 24/7 Helpdesk, and Westpacs Compliance Guarantee

You will receive a 20% discount on all Business Transaction Account transaction & cheque clearance fees. Westpac Cash Handling Fee is free up to $75K deposited per charge month. Members receive 20% off if fees apply above threshold.

A BusinessPlus MasterCard and a Personal Platinum Credit Card with no annual account fee for the first year.

A Choices Home loan with discounted interest depending on loan type and loan amount, and no establishment fee (usually up to $400). No redocumentation fees to change to fixed, capped or floating. A Professional fee contribution up to $750.

More information on EFTPOS terminal options - Download here.

Here are some other information resources that you may find helpful:

  • Westpac EFTPOS Leasing (Fact Sheet) - aimed at Westpac Merchants that want a bundled 'single-billed, single-relationship' EFTPOS & Cards solution from their bank. Terminals are discounted for Restaurant Association members.
  • Westpac Currency Choice (WCC) -for merchants that accept international cards, Westpac's multi-currency offering of the top nine major currencies via EFTPOS. Merchants also earn a Merchant Service Fee Rebate.
  • Get Paid - recently released, Get Paid is Westpac's app for accepting mobile payments on the go from an Android or iPhone. There are no set-up fees, no minimum monthly fees, just a pay as you go of 2.90% MSF. (NB: the flyer attached states Westpac's standard rate of 3.10%. Members have a preferred MSF of 2.90%). The app also builds a small database of customers for future billing with reporting of the last 100 transactions available.

Westpac Member Helplines

Phone: 0800 177 677 Email: member.info@westpac.co.nz