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Up to 5 Smart Mini Card Readers (RRP $59 ea) for Linked Business Account, $100 Cashback with $2000 Processed by 31/7 @ Commbank

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Up to 5 Smart Mini Card Readers (RRP $59 ea) for Linked Business Account, $100 Cashback with $2000 Processed by 31/7 @ Commbank
Go to Deal
LSkipthequeue on 15/06/2023 - 20:04 commbank.com.au (487 clicks)
Last edited 15/06/2023 - 20:52 by 1 other user

Commbank Smart mini's are now free(from $59) and you can get up to 5 with ABN and Commbank Business Account
Commbank Business accounts have $0 monthly account keeping fees.

Limited time offers:
$0 Smart Mini (saving $59)
You can order up to 5 for free

Apply for Smart Mini by 29 September 2023 and we’ll waive the reader cost.

$100 cash offer2

Receive $100 when you process $2,000 through that Smart Mini reader by 31 July 2023 in your linked CommBank Business Transaction Account. Max $100 per new merchant number.

1.1% flat rate transaction fee3

Pay less when your customers pay you with a low 1.1% transaction rate.

This is much lower than Square 1.9% or Zeller 1.4%

Financial EFTPOS EFTPOS Terminal

Related Stores

Commonwealth Bank
Commonwealth Bank

closed Comments

  • Jimothy Wongingtons on 15/06/2023 - 20:05
    +5

    This actually… seems pretty reasonable

    • Switchblade88 on 15/06/2023 - 20:20

      I'm trying to figure out any catches or issues compared to our existing Square reader, but I'm not seeing any yet.

      …Any hidden monthly bank account fees if you don't turn over enough?

      • Skipthequeue on 15/06/2023 - 20:31
        +1

        Commbank Business accounts have $0 monthly account keeping fees.

        • MuddyClear on 16/06/2023 - 00:36

          Add link to sign up for the business account

      • b3au on 15/06/2023 - 21:02
        +1

        Smart mini app is basically just manually enter how much you want to charge. That's it.

        From memory in Square you can set up inventory and whatnot?

        • Switchblade88 on 15/06/2023 - 21:57
          +1

          Yeah, the actual Point of Sale side of Square is surprisingly powerful compared to several paid cloud-based POS systems I've setup and used. Being able to setup items with inventory tracking, custom discounts like buy 1 get 1 with a discount etc are pretty handy.

          Is it worth 0.8%? That's only maybe $3 a month for our minimal sales, so probably

  • epicttiimm on 15/06/2023 - 20:16

    Anything stopping someone from paying themselves with this? For like credit card bonuses with $x spend? lol

    $2k spend is $22 fees, but $100 bonus plus progress towards your credit card signup bonus.

    • Skipthequeue on 15/06/2023 - 20:30

      You can definitely do this.
      I did this with Zeller $500 spend for free Zeller Terminal Promotion.

    • StickBug on 15/06/2023 - 20:44
      +1

      You're signing up with an ABN you would be required to declare it as sole trader/business income in your taxes.

      • cheekymonkey97 on 15/06/2023 - 21:36

        Simply claim it as a test payment and then you’ll have a full tax deduction.

        • StickBug on 15/06/2023 - 21:38

          And then try to explain to the ATO why you are doing $2k in test payments

  • cheekymonkey97 on 15/06/2023 - 21:33

    This is a good deal, I signed up a week ago. To maximise your returns, apply for a HSBC account, deposit $2k and pay yourself 20x in lots of $100. This will net you an extra $40 in cashback.

  • dcep on 15/06/2023 - 21:40
    +1

    Pay less when your customers pay you with a low 1.1% transaction rate.
    This is much lower than Square 1.9% or Zeller 1.4%

    What about tyro ?

    • bcarp on 15/06/2023 - 22:06
      +1

      Tyro 1.4%. Westpac 1.4% (doesn't take Amex).

  • payless69 on 16/06/2023 - 12:26

    Perfect for hooping.
    Send my square back to the ACCC or APRA for Jack bashing as he now wants money for nothing, next he is asking for chicks for free.
    No more annoying s c counters at Colesworth for 10 grapes on every first.

  • billevans on 17/06/2023 - 20:13

    Does anybody know if they conduct a credit check for the application?

    I went through the application and it says "We may access credit information held with credit reporting bodies when reviewing this application."

    https://paste.pics/OK03E

    • bcarp on 17/06/2023 - 21:09

      Yes. They do a credit check with Equifax. I did my application over the phone and the credit check was done while I waited. I don’t understand how that happened when I have asked equifax to put a credit check block on me. Yet I still passed so I’ve been approved.

  • Ash-Say on 18/06/2023 - 06:23

    Probably good to churn Coles Master Card?

  • Elitebhy on 18/06/2023 - 10:57

    Is Amex included automatically?

  • juzzo2118 on 23/06/2023 - 15:01

    Has anyone successfully been able to obtain this? Mine is stuck on "approval request" required by a company director, however that page on their website has been down for weeks for me

  • bcarp on 23/06/2023 - 16:48
    +1

    Got mine yesterday. Set them up &, boy, what a terrible interface compared with Square. Every time you turn the device off, you need to repair it. That's customer facing time that's being used up. Sometimes it wants to update firmware when you pair it; that's exactly the same time you're trying to do a transaction with the customer. Can't issue refunds as easily as Square. No preset amounts. Just as well these were free. We'll probably try them for a couple of weeks, but I'm expecting to shelve them until they improve their system.

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