This merchant services Pricing Comparison service is provided exclusively to Retail Drinks Australia (RDA) members.
A Pricing Comparison compares your current merchant services fees with the range of alternative service providers listed below. All pricing comparisons provided using this service incorporate least-cost routing as a standard feature.
Overview
Fiserv aspires to move money and information in a way that moves the world. As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and the Clover® cloud-based point-of-sale and business management platform. Fiserv is a member of the S&P 500® Index, the FORTUNE 500®, and has been recognized as one of FORTUNE World’s Most Admired Companies® for 11 of the past 14 years and named among the World’s Most Innovative Companies by Fast Company for two consecutive years.
Key Strengths
- Solid track record for innovation both internationally and locally, including being the first acquirer in Australia to support eftpos online.
- Robust and stable processing platform.
- Comprehensive omni-channel reporting via an online merchant portal.
- Flexible pricing with no contract minimum terms – blended or interchange plus plus rates.
- Digital application process for merchant on-boarding.
- Flexible gateway integration options for merchants.
- Multi-currency acquiring.
- 24/7 technical support and help desk.
Useful Links
Merchant Services
In-Store Payments
Online Payments
- Online Payment Solutions
- Web, Mobile & In-App
- Virtual Terminal & Payment Links
- Subscriptions & Recurring Billing
Tools & FAQs
Settlement time frames and Settlement cut-off times
- 5 days next business day settlement for all transactions, 12:01 pm AEST settlement cut-off. If the submission transaction was made on a Saturday or Sunday, settlement will be on Tuesday.
- Merchants that settle on or before 5 pm AEST, same day settlement; BOQ Portfolio merchants, same day settlement, 9 pm AEST settlement cut-off.
How to Apply
If you find Fiserv the most suitable payments service provider for your business, please send the following information to pricing@paymentsconsulting.com:
- Contact name
- Email address
- Phone number
By providing the above information, you are giving us consent to pass it to First Data Merchant Solutions (part of Fiserv). Fiserv Direct Sales Executive, Referral Partnerships Relationship Manager, Jade Nancarrow will be in touch to explain the next steps involved in the application process.
To use this service, please confirm that you are an RDA member and complete the contact form below to provide information on your organisation and copies of relevant merchant statements (refer to the FAQ to understand what needs to be submitted).
Merchant services fee structures are complex and the underlying costs are subject to change (e.g. interchange fees and scheme fees typically change annually) and the competitive dynamics of the market also mean that payment service providers will update their pricing at times to respond to changes. Hence, it is common for merchant statement formats to change. Our Pricing Comparison fee savings calculator can support many merchant statement formats already, and if your merchant statement is already supported then we can email you the report within 3-5 business days. However, if it is a new merchant statement format, then it can take us 2-3 weeks to update the fee savings calculator to support this. We let you know if this is the case and appreciate your patience during this time.
Enquiry links associated with the pricing outlined in the Pricing Comparison will be provided in the report to enable you to easily commence the application process should you decide to do so.
If you are not an RDA member, you can still complete the contact form and provide copies of relevant merchant statements and we will provide you a summary report of potential fee savings with the payment service provider names anonymised (e.g. Payment Service Provider #1). Once you become an RDA member, you can ask your RDA account manager to advise us and we will email you the full Pricing Comparison reports (i.e. you will not need to resubmit a form or merchant statements).
This service is provided exclusively to RDA members by Payments Consulting Network as a free community service as part of our Giving Program. As such, please consider these terms and conditions.
