To sign up, you complete a short online form with details about yourself, the business and products you’re interested in. This gets sent to the onboarding team who will phone you with a tailored quote and/or email a digital application that takes a few minutes to complete online.
You do have to submit digital copies of a few required documents, including:
- Passport or driver’s licence
- Proof of bank account
- Proof of trading address
A bank account at any Australian bank, matching the name of your business, is a strict requirement.
We know from our own communications with PayNuts that it’s a friendly team that prioritises efficient onboarding instead of bureaucratic, paper-based applications still seen in the industry. This is evident in its speed of account approval, which is less than 24 hours for 80% of applicants.
After account approval, it usually takes 5-7 business days to receive the new EFTPOS machine by post. So overall, you can get up and running in just over a week (but it can take 2 weeks).