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What is BNZ PayClip?

Author

Emma Newman

Published Mar 19, 2026

What is BNZ PayClip?

With BNZ PayClip, you can process payments, send your customers receipts via email or text, and view your transaction history in the palm of your hand. You just need a PayClip device and your smartphone.

Consequently, how do you use BNZ PayClip?

How to set up PayClip

  1. Set up your business in the PayClip Portal. The PayClip Portal is where you'll manage your business and track your transactions and settlements.
  2. Download the PayClip app. The PayClip app turns your smart device into a Point of Sale (POS) solution.
  3. Pair your smart device with PayClip.
  4. Take payments.
  5. Download the guide.

Similarly, can I use my phone as an Eftpos machine? Yes, the technology is here to use your smartphone to process credit and debit card payments. It's not technically eftpos, but does the exact same trick. At first, financial institutions and merchant service companies went for “smart” cases that essentially clipped a credit card reader to your smartphone.

Similarly, how much does mobile Eftpos cost?

EFTPOS costs

Some will charge a joining fee, an annual fee and a monthly service amount based on how often you use EFTPOS. CommBank does not charge a joining fee or annual fee and offer fixed rate plans (starting at $30 a month) to suit your business turnover. You also get one device at $0.

How do I pay with Eftpos?

An EFTPOS terminal (also referred to as an EFTPOS machine) is an electronic device that assists in the transfer of funds from a customers bank account to a merchant (business) bank account. To pay at an EFTPOS terminal your customers must acquire an EFTPOS card, Debit Card or a Credit Card.

What is ANZ FastPay?

ANZ FastPay is a mobile payment solution that lets you accept EFTPOS, Visa and Mastercard payments on the go anywhere, anytime.

How do credit cards work NZ?

A credit card is a payment card that lets you spend by borrowing from the card supplier, who then sends you a bill at the end of every month. All credit cards have a “credit limit” – this is the maximum amount you can borrow. However, if you pay back what you borrowed to spend by the due date, the interest is zero.

How do I get Eftpos for my business?

How do I get EFTPOS 1?
  1. Choose a monthly plan. Select a plan that suits your monthly transactions.
  2. Apply online. Apply online in 10 minutes (5 minutes for existing Westpac customers).
  3. Receive your terminal.
  4. Start taking payments.
  5. Get your daily takings.

Which Eftpos rate is best?

5 best EFTPOS machines for small businesses
EFTPOS machineCostsWebsite
Mint mPOSRental $0/mo, or $11/mo if less than $2k sales/mo 1-year contract (no setup fee) Transaction fees Visa/Mastercard: 1.86%, eftpos: 33¢Offer
TyroRental $29* or $39*/mo No setup fee or lock-in Transaction fees From 1.1%*Offer

Can you be charged for using Eftpos?

Yes, businesses are allowed to set a minimum transaction value for the acceptance of EFTPOS cards (or other cards if they wish). They don't have to offer a card payment option, but they need to comply with the excessive surcharging rules regardless of the cost of the product.

What is the best card machine for small business?

  • Best Small Business Card Machines.
  • iZettle Card Reader.
  • Ingenico iCT220.
  • Ingenico's iWL Series.
  • SumUp Air.
  • PayPal Here.
  • Worldpay Reader.
  • Ingenico iCT250.

How do I pay by Eftpos over the phone?

How to take a payment over the phone using your Verifone EFTPOS terminal
  1. Enter the sale amount.
  2. Enter the card number and press select.
  3. Enter the card expiry date and press select.
  4. Answer YES for signature question.
  5. And that's it - the transaction will be processed automatically.

How much is a merchant fee?

As mentioned earlier, merchants typically pay an average of 1.5% to 2.9% for the former, and 3.5% for the latter. This is because keyed-in transactions have more risk associated with them.

How much does a card machine cost?

Buying a card machine – what does it cost?
Card readerPurchase price*Card fees
iZettle£19-£591.75%
SumUp£19-£991.69%
Square£191.75%
PayPal Here£452.75%–1.0% + extra fees

What is mobile Eftpos?

Mobile EFTPOS machines that connect to a payment network via Wi-Fi or a SIM card. These terminals pack the power of the traditional EFTPOS terminal, offering the same level of functionality, technical support, security, extended coverage and payment flexibility on fast and reliable portable hardware.

How much does EFT cost?

Here is a breakdown of the total fees associated with EFT payments: Monthly fee: $19.95. Per transaction: $0.25. Return fee: $2.50.

How much data does an Eftpos machine use?

On average the terminal would use less than 10MB per month (occasionally a software upgrade would cause a spike in the total data used).

How do I turn my phone into a card reader?

Tap the "Settings" icon in the app. It's located at the bottom of the screen on iOS devices; tap the "Menu" button on your Android device to see the Settings button. Select the check box next to the "Choose Reader" button, and then press the "Choose Reader" button to select the card reader you want to use.

Do card readers need WiFi?

Do card readers need WiFi? The short answer is no your card reader doesn't need WiFi. The POS then sends the data on to the merchant acquirer and it does require an internet connection (although not necessarily WiFi) to complete the transaction.

Can I use my phone to take card payments?

Many providers will tell you that you can accept payments through your mobile phone by downloading their app, such as iZettle, SumUp, Square and PayPal Here. It's mobile in the sense of you can move it around, but if you forget your card reader in the office or it breaks, then you won't be able to take payments.

What is the best mobile credit card processing?

Square is our pick as the best credit card processor overall for small businesses in 2021. It has good rates, uses the flat-rate pricing model, and doesn't charge any monthly or annual fees for its basic processing service.

Can I accept card payments on my phone?

A new application for iPhone, iPad, iPod Touch, and Android-powered phones turns mobile devices into a handheld Point of Sales, letting US-based consumers accept credit card payments from virtually anyone who is willing to get their card out of their wallet.

How do mobile card readers work?

How do mobile card readers work? Mobile card readers come pre-installed with a SIM card that allows them to connect wirelessly with the mobile network. Once the device has read the customer's card data, it uses GPRS technology to process the payment by contacting the card-issuing bank for authorisation.

What is a card reader for online banking?

A card reader is a security device needed by all customers looking to get the most out of Online Banking. It works with your Online Banking service to provide an extra layer of protection against online fraud.

What is a smartphone card reader?

A mobile card reader is a small hardware device that connects to a tablet or smartphone to accept payment from debit or credit cards, essentially turning the device into a mobile point of sale (mPOS).

Do Eftpos cards have CVV?

The three-digit card verification code (CVV or CVC2) is non embossed and typically printed on the signature panel of your card, immediately after the card's standard number, as show in this example. In some cases you may see the last 4 digits of your card number with the additional 3 digit security code following.

What is the difference between debit card and Eftpos?

EFTPOS stands for Electronic Funds Transfer at Point of Service and the money mostly comes from a bank current account. Debit cards are cards that use the credit card payment system supplied by providers such as Mastercard and VISA but which are tied to a current account. Both types of card use current account funds.

How do I buy online with Eftpos?

EFTPOS cards can't be used for online purchases, but debit cards can.

What is the difference between POS and Eftpos?

Whereas an EFTPOS terminal is typically a fixed point in a store linked to a legacy system, the mobile POS can easily be moved around, because it is typically just linked directly to the business' bank account.

What happens if I press credit on a debit card?

When you run your transaction as credit using your debit card, you are still authorizing a debit from your checking account. You will never be charged interest or receive a bill for doing this. Of course, choosing credit at the point-of-sale will not help you build your credit.

What's the most you can pay on a debit card?

Does your debit card have a daily spending limit? Most likely, yes. A debit card spending maximum is set by the individual bank or credit union that issues the debit card. Some debit cards have spending capped at $1,000, $2,000, or $3,000 daily.

Is Eftpos contactless?

Contactless is a globally accepted payment technology that allows consumers to make faster transactions. Although almost all EFTPOS terminals can now process Contactless payments, there is an extra cost via your bank fees.

How can you avoid paying interest?

Pay off your balance every month.

Avoid paying interest on your credit card purchases by paying the full balance each billing cycle. Resist the temptation to spend more than you can pay for any given month, and you'll enjoy the benefits of using a credit card without interest charges.

Do Eftpos cards have payWave?

A. Unfortunately there is no contactless functionality on an Eftpos card. If you would like to make contactless payments, you may want to consider the Kiwibank Visa Debit Card. How do I know if my bank card has payWave?"