We are seeing banks chase retailer eftpos business with low fees and other deals. Our advice is do your homework, read the fine print, get all offers in writing and only agree once you are completely satisfied.

Too often we see bank eftpos offers are not as good as they claim to be in the longer term and often retailers find themselves contracted to a deal that does not work for them.

So our advice to retailers today is to do your research on eftpos offers from banks. Don’t sign unless you are 100% sure.