All settlement reports and reconciliation can be accessed remotely from a device through the PayWay Portal. The content of such reports is quite basic, and includes transaction amount, customer reference number and the staff members who accepted the payment.
If you’re looking for something that can handle inventory and stock, you’ll do well to look at another more comprehensive virtual terminal.
Westpac offers customised quotes for businesses looking to start up with Virtual Terminals. Transaction fees are not listed but are based upon relative turnover.
Westpac requires a comprehensive PCI-DSS compliance check for its merchants. Depending on transaction amount, and if customer data and details are kept on site, most merchants will only be required to comply via a self-assessed questionnaire (SAQ). For virtual terminal users, this is around 80 questions long. For higher-transaction businesses, you may need to pay for an external assessment via an Approved Scanning Vendor (ASV) or Qualified Security Assessor (QSA).
Needless to say, using a virtual terminal through one of Australia’s biggest banks does come with a stringent set of compliance rules.
Best for: Business without a website looking for the security of a big bank.