Have you heard of least cost routing? It could save you money!
Most debit cards within Australia are able to process transactions through either Eftpos, Visa or Mastercard, with all options having different associated costs of use for the merchant.
Least cost routing will automatically use the cheapest option when processing the payment. Otherwise, the payment will be processed through the default network. The RBA provides further insight into least cost routing here.
The NSW Small Business Commissioner has created a factsheet to assist businesses in this process, click here to view.