with no surprises.
Zeller Transaction Account is good for your business bottom line — it's free to sign up, and free to use. We'll never ask you to sign a contract, either.
Your free business transaction account is instantly ready to use after sign-up with no additional paperwork.
No account fees and no fees on domestic purchases. A margin is included in our low FX rates for international purchases.
Smarter contact and
Zeller Contact Directory is your central hub to manage every business relationship with smarter contact and customer management tools, all within your Zeller Transaction Account.
See every payment, transactions and account transfers to or from a specific contact at a glance, in one location.
Store customer or contact details for people and businesses you regularly transfer funds to.
View rich details and information for businesses you've spent at with your Zeller Mastercard, for smarter spend management.
Securing your transaction
account is our business.
Improving upon and exceeding industry-leading security standards helps us keep your business financial data safe.
Funds are held securely and can be accessed whenever you need. They’re never invested or lent to anyone else.
Zeller’s security and procedures are based on the highest international standards, including PCI Level 1 compliance.
Account data is protected behind multiple layers of encryption and authentication.
Two-factor authentication is enabled on all transaction accounts for added protection.
Trusted by over 20,000 Australian businesses.
I've learned that cash flow and people are critical for success. We're a company that believes in simplicity and timely management of our funds, so Zeller's fast settlement removes stress and keeps things straightforward.”
Aaron Taylor, Rush Escape Game, Melbourne
We’re here to help.
Online Support Centre
Search our library of resources to find quick solutions to your questions.Visit the Support Centre
Phone, live chat or email us Monday to Friday, 9am to 1am Australian Eastern Time.Speak to the Support Team
The Zeller Business Blog
Guides, tips and merchant success stories to help you navigate your business.Read the Blog
What is a business transaction account?
A business transaction account is a type of account that allows businesses to accept and process electronic payment card transactions. Business transaction accounts provide a dedicated place to accept deposits and make payments from — enabling you to keep your business and personal finances separate.
Transaction 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 free business transaction account the same day — allowing you to speed up cash flow, and invest in growing your business sooner.
What are the benefits of a business transaction account?
A business transaction 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 a business transaction account, all of the relevant transactions are stored in one place.
A business transaction account in Australia, 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.
How do transaction accounts work?
Once your business transaction 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.
You will be able you to see all of your incomings and outgoings in real-time, in one convenient location via Zeller Dashboard — so you can view recent activity and identify any potential areas for concern.
How do I get a transaction account?
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.
How much does a business transaction account cost?
Different banks and alternative providers offer additional features and services, on top of their base offering, which usually come with extra costs. Transaction 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 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 a free business transaction account that can be set up online in minutes.
Why is Zeller Transaction Account the best business transaction account?
Zeller gives you a free business transaction account when you sign up. Zeller Transaction Account is built to make tracking expenditures, profit, tax, and the general financial health of your business simple and straightforward.
There are no contracts. setup costs, or commitments — the cost to your business is zero. We never charge you monthly account keeping fees either, or charge you to withdraw or deposit funds. Try it for your business today.
Leading Business Transaction Accounts for Your Business Needs
Choosing the best business transaction account for your needs is an important step in business growth. The business transaction account you select can have a big impact on your finances - both in terms of how you manage business funds, and the fees you might need to pay. The right business account will align with your business’ needs and keep costs low, while providing quick, easy access to your takings as quickly as possible.
A Transaction Account Built for Business
A business transaction account is a transaction account traditionally offered by incumbent banks. These bank accounts don’t always align with the needs of modern business owners. High fees, excessive paperwork, and long application processes can sap your energy, turning what should be a basic task into a drawn-out process. These are just a handful of reasons why Australian Businesses aren’t satisfied with the Big 4 banks.
In recent years, digital banks and neobanks have introduced similar offerings — reducing red tape and simplifying the sign-up process for time-poor merchants.
Features of the Best Business Transaction Accounts
Business transaction accounts offer a single place to accept settlements and make payments, while keeping your business and personal finances separate. Different banks and alternative providers offer additional features and services, on top of the base offering, which usually come with extra costs.
With Zeller’s free Business Transaction Account, you'll find it easier to:
- track your business’s income
- monitor business expenses
- separate business finances from your personal finances
- complete tax and other reporting paperwork
Discover Our No Fee Transaction Account
Zeller is a modern financial solution with the needs of business owners just like you in mind.
When you sign up for Zeller, you receive a free business transaction account as well as a Zeller Mastercard — no trip to the bank or waiting in a phone queue necessary.
When you use the entire Zeller solution, you have all the tools to help grow your business.
Faster access to your funds
Funds accepted via your Zeller eftpos machine are settled into your Zeller Transaction Account nightly, meaning you put your money to work faster. Payments processed before 9 PM will be available to spend by 1 AM the next day. It’s the fastest way to access your takings.
You also have the flexibility to sweep funds to any existing bank account.
Less fees, more value
There are a few ways banks typically make money from business transaction accounts, including monthly account-keeping fees. Zeller Transaction Account, on the other hand, comes with no monthly fees or hidden charges. There are also no lock-in contracts. The best no fee transaction account in Australia.
Banks also tend to place a cap on the number of transactions that can be processed every month, before additional processing fees are charged. Zeller Transaction Account does not have any such limit. It’s just one way we keep more money in your pocket.
Complete financial oversight
Transaction accounts make it easy to accept settlements and send payments. By using Zeller Transaction Account as your business account, you’ll be able to get the whole picture of your cash flow. Zeller Dashboard gives you real-time visibility over your daily takings, enabling you to identify trends and make smarter business decisions — from staffing, to marketing, and beyond.
You can even set up separate Zeller Transaction Accounts to easily track and manage business spending.
Better business relationships
Zeller Contact Directory is a free customer management tool built right into your Zeller Transaction Account. Use it to start building real relationships with your customers and suppliers.
Track every payment, transaction or account transfer with a specific contact, in one location. Plus, rich details and information about the business you’ve spent with using your Mastercard is available from right within the dashboard.
Open a New Zeller Business Transaction Account in 5 Minutes
Zeller is the leading EFTPOS payment provider, built to help Australian business grow. With a fee-free Zeller Transansaction Account, your business has all the tools at its disposal to get a better handle of cash flow. Spend less on fees, and more on growing your business.
Sign up for your free Zeller Transaction Account today and buy our eftpos machines.