How Mint Payments works
Mint Payments has competed in the Australian payment market since 2007 as a public company.
Note: Mint’s recent delisting from the Australian Securities Exchange (ASX) in September 2020 is indicative of changes within the company, but its payment services are still active among its merchants in Australia and New Zealand.
The payment solutions offered by Mint include a mobile EFTPOS machine, card reader connected to a phone app, virtual terminal for telephone sales and online payments. Prospective merchants can sign up for an offer through the website, after which you will be contacted by a sales rep.
Payment processing is managed purely by Fiserv (previous called First Data), so you actually sign a separate acquiring contract on top of a Mint Payments agreement.
Businesses get access to a web portal for managing their terminal fleet, users, transactions, online payments and more. You can integrate the terminals with compatible point of sale (POS) software and request tailored solutions for online payments.
Mint is the official payments partner of Australian Federation of Travel Agents (AFTA). Pre-COVID, this meant that Mint could easily facilitate the AFTA Chargeback Scheme (ACS), but coronavirus has put ACS on hold since May 2020.
Other than that, Mint is suitable for retailers, the food-and-drink sector and a variety of other businesses, small to big.