Zeller Transaction Account

A merchant account is a type of account that allows merchants to accept and process electronic payment card transactions. Merchant accounts provide a dedicated place to accept settlements and make payments from — enabling you to keep your business and personal finances separate.

Merchant accounts require a business to partner with a merchant services provider to facilitate all communications in a transaction. The beauty of choosing a modern alternative to the big 4 banks is that you can unite your entire payments system under one roof. When you use the all-in-one Zeller system, transactions are settled into your online merchant account the same day — allowing you to speed up cash flow, and invest in growing your business sooner.

A merchant account gives you a clear view of your business’ finances, which makes tracking expenditure, profit, tax, and the general financial health of your business simple and straightforward. When you use an online merchant account, all of the relevant transactions are stored in one place.

A free merchant account, such as Zeller Transaction Account, also helps you stay in line with relevant government rules and regulations. Businesses operating as a company, partnership or trust must have a business account for tax compliance. And, while sole traders don’t face the same requirement, a free merchant account helps keep personal and professional funds separate while giving you better oversight of how your business is tracking.

Once your merchant account is open and your Zeller EFTPOS Terminal is set up, you can start transacting. Funds are deposited in your free merchant account nightly, 365 days a year.

An online merchant account will enable you to see all of your incomings and outgoings in real-time, in one convenient location via a merchant account web app — so you can view recent activity and identify any potential areas for concern.

Generally, any business owner can open a merchant account. However, a bank will need to consider a number of factors including your credit history, operating history, recent chargebacks and credit risk. This can make opening a merchant account difficult for new business owners.

Alternatively, sign up for a free Zeller Transaction Account online. Most businesses are up and running in 5 minutes, and our local team is on hand if you need any help getting your account up and running as soon as possible.

Why do we make opening a merchant account infinitely easier than a bank does? Because we understand the importance of removing hurdles to help you get started; Zeller was born to help small Australian businesses grow.

Different banks and alternative providers offer additional features and services, on top of their base offering, which usually come with extra costs. Merchant account fees including (but not limited to) monthly management fees, minimum deposit fees and statement fees are important to keep in mind. The more you’re paying in merchant account fees and charges, the less money for your business. 

When you use Zeller, there are no hidden merchant account fees to worry about. Zeller Transaction Account is included free with sign-up, is completely fee-free, and can be set up online in minutes.