Zeller is a worthy new EFTPOS solution that will appeal to many small businesses and sole traders in Australia. It is particularly useful for retailers, food and drink, professional services and beauty businesses, even with teams of staff and multiple locations.
You get everything for taking card payments in one package: a terminal, online business account and debit card. No bank account is required, nor is there any contractual commitment.
Such a solution stands in stark contrast with many Australian banks with EFTPOS machines on a long-term contract, monthly fees and steep exit fees. Moreover, Zeller’s low card rate for all types of card payments is a good deal compared with alternative fixed-rate providers such as Square and Mint.
The only real barrier is Zeller Terminal’s upfront cost of $299 that not everyone can fork up. However, this price is lower than its direct competitor, Square Terminal, which costs $439.
A possible hindrance is the lack of integrations with e.g. POS, accounting or ecommerce software. It therefore works best as a portable all-in-one EFTPOS terminal for those who don’t need more than card payments and quick access to cash flow.
New terminal features and integrations are currently being developed, though, so it might not be long until Zeller is an even more versatile solution.