Zeller Business Transaction Account Review for Australia (2026)

Key takeaways

• Zeller's Business Transaction Account is a no-fee domestic account for Australian businesses, but it doesn't support international payments or multi-currency transactions.

• The Zeller account is included free when you sign up and comes with free, unlimited debit cards, a Xero integration, a mobile app, and no minimum balance.

• If your business operates internationally, an Airwallex Business Account offers multi-currency accounts in 20+ currencies, transfers to 200+ countries, and FX rates that can save up to 80% compared to traditional providers.

If you're thinking about opening a Zeller Business Transaction Account, it helps to know exactly what you're getting and what you're not. Zeller has built a solid reputation for its EFTPOS terminal and simple domestic payments, but it isn't built for every kind of business.

In this guide, we'll walk through Zeller's account features, fees, EFTPOS terminal costs, security credentials, and the pros and cons. We'll also look at how it compares with alternatives if your business needs more than domestic payments.

What is Zeller?

Zeller is an Australian fintech founded in Melbourne that brings payments, accounts, corporate cards, and reporting together in one place. It's built specifically for Australian businesses, so you'll need an ABN to sign up, and the Transaction Account only handles domestic payments. You can make foreign payments using the Business Debit Card but you will be charged foreign transaction fees.

The company offers a group of products that work together: the Business Transaction Account for day-to-day banking, a Savings Account for earning returns on idle funds, an EFTPOS Terminal for in-person payments, invoicing tools, and Mastercard debit cards. More than 100,000 businesses use Zeller, and the integrated solution is available online and through a mobile app.

Zeller is best known for its EFTPOS terminal, but to use it, you'll need a Transaction Account. So let's look at what comes with that account.

Zeller Business Transaction Account features

Payments and transfers

The Transaction Account handles domestic payments through PayID, BSB transfers, and BPAY.² You can pay suppliers, get paid by customers, and manage day-to-day payments without leaving the platform.

But keep in mind that the Zeller account doesn't support international payments. You can't send money to an overseas vendor or receive payments from international customers. If you're paying an Australian supplier through PayID, you're fine. If you need cross-border payments, like paying a manufacturer in China or collecting from customers in the UK, you'll need a different solution.

Zeller EFTPOS terminals

The Zeller Terminal is the company's flagship product, an EFTPOS device that handles tap and insert payments. Transaction fees start at 1.4% for in-person payments, which is competitive for small businesses processing moderate volumes.¹ Zeller also offers virtual terminals, payment links, and other options, such as ‘Pay at Table’.

The physical terminal connects straight to your Transaction Account, so settlements go into your account without manual reconciliation. If you run a business with a physical location, that's one of Zeller's strongest selling points.

Zeller debit card

Every Transaction Account comes with unlimited free debit cards. You can use them for business expenses anywhere Mastercard is accepted, both in-store and online.

One thing to keep in mind: international purchases incur a foreign exchange fee (check myzeller.com/pricing for current rates).¹ So yes, you can spend overseas, but it can get expensive fast if you're regularly paying for software subscriptions, digital advertising, or supplies from overseas vendors.

Invoicing

Zeller includes invoicing tools, so you can create and send invoices directly from the platform. You can also track payment status and send reminders without jumping into separate invoicing software. That's useful for service businesses and freelancers who bill clients regularly.

Xero integration

Zeller integrates with Xero, so you can process payments and reconcile settlements without switching between platforms. Transactions sync automatically, which cuts down on manual data entry and helps keep your books accurate.

Zeller Savings Account

The Transaction Account itself doesn't earn interest, but you can pair it with the Zeller Savings Account at no extra cost.² That gives you a way to move idle funds into a separate account that earns returns, then move them back when you need cash for operations. Rates are variable, so check myzeller.com for current figures.

Zeller Business Transaction Account fees

One of the main reasons businesses look at Zeller is its no-monthly-fee structure. It's one of several no-fee business accounts available in Australia. That said, there are still costs to know about beyond the account itself.

Is Zeller safe?

Yes. Zeller is a legitimate Australian fintech company regulated under Australian financial services laws. The platform uses industry-standard security measures to protect your business and customer data.

• PCI DSS certified. Zeller meets the Payment Card Industry Data Security Standard, the same certification required of major payment processors worldwide.

• Multi-layer encryption. Data is encrypted both in transit and at rest.

• Two-factor authentication. You can add an extra layer of protection to your account login.

• 24/7 fraud monitoring. Real-time transaction monitoring helps catch suspicious activity before it becomes a problem.

• Major card scheme support. Zeller terminals accept Visa, Mastercard, American Express, eftpos, JCB, UnionPay, and Discover Network, as well as contactless wallets including Apple Pay and Google Pay.

Zeller Business Transaction Account pros and cons

Pros

• No monthly account fee. You won't pay anything just to keep the account open.

• Free Mastercard debit cards. Unlimited cards are included with every account for business spending.

• Range of EFTPOS terminals available. There are a few ways to accept payments from customers, and settlements go straight into your account with automatic reconciliation.

• Xero integration. Transactions sync automatically to cut down on manual bookkeeping.

• Linked Savings Account. Earn returns on idle funds at no extra cost.

• Simple onboarding. Apply online with just two forms of ID.

Cons

• No international payments. You can't send or receive funds from overseas.

• No multi-currency accounts. Everything runs in AUD only.

• FX fee on overseas card purchases. International spending gets expensive (check myzeller.com/pricing for current rates).

• Australia-only. You need an ABN to open an account.

• Limited accounting integrations. It works with Xero, but not NetSuite or QuickBooks.

• No lending or credit products. If you need business financing, you'll need to look elsewhere.

If your business only operates domestically, Zeller covers the basics well. But if you need international payments, multi-currency support, or lower FX costs, it's worth looking at alternatives.

How to open a Zeller Business Transaction Account

To open a Zeller Business Transaction Account, you'll need to provide:

1. Your ABN or ACN

2. Current government-issued ID, such as a passport or driver’s licence

3. Personal details including your name, address, and phone number

The application is online, and most businesses can get started within a few minutes.

If Zeller's domestic-only focus suits what you need, the sign-up process is quick. But if your business operates internationally, there's another option worth looking at.

Airwallex: An alternative for businesses that operate internationally

Zeller works well for businesses that only operate within Australia. But if you're paying overseas suppliers, collecting payments from international customers, or spending in foreign currencies, you'll run into its limits pretty quickly: no international transfers, no multi-currency accounts, and an FX fee every time you use your card abroad.

An Airwallex Business Account goes beyond domestic transactions. You can open local foreign account details in 20+ currencies, send payments to 200+ countries, and earn returns on idle balances, all from one platform.

Zeller vs Airwallex comparison

Here's how the two platforms compare across the key areas:

Key Airwallex features for international businesses

• Global Accounts in 20+ currencies. Open local currency accounts in 20+ countries without needing a local entity, so you can collect payments like a local business.

• Transfers to 200+ countries. Send payments at interbank FX rates, with free local transfers in supported markets.

• Corporate Cards with no international purchase fees. Spend globally without the conversion hit.

• Yield for earning returns. Put idle balances to work in AUD and USD with competitive rates.

• Broader accounting integrations. Connect with Xero, QuickBooks, and NetSuite.

• Accept payments from 130+ currencies across 180+ countires. Maximise online selling with Payment Plugins, online checkouts, and Payment Links.

How to get started with Airwallex

If your business works with international suppliers, vendors, or customers, Airwallex brings your payments, FX, cards, and accounting into one platform. Sign up in minutes. You just fill out a few simple details to get started. Once you're in, you can open multiple domestic and foreign currency accounts straight away, and local support is available if you need help.

Frequently asked questions

Is Zeller legitimate?

Yes, Zeller is a legitimate Australian fintech company. It's regulated under Australian financial services laws, PCI DSS certified, and used by over 100,000 businesses worldwide.

What percentage does Zeller take?

Zeller charges 1.4% per transaction for in-person tap and insert payments through its EFTPOS terminal.¹ International card purchases incur an FX fee (check myzeller.com/pricing for current rates), and the Transaction Account itself has no monthly fee.

Does Zeller support international payments?

No, Zeller doesn't support sending or receiving international payments. The account is designed for domestic Australian transactions only. If you need international capabilities, consider an Airwallex Business Account.

Is Zeller pay safe?

Yes, Zeller uses PCI DSS-certified security with multi-layer encryption and two-factor authentication.³ The platform includes 24/7 fraud monitoring with real-time transaction alerts.

What do you need to open a Zeller Business Transaction Account?

You'll need your ABN or ACN, one form of government-issued ID (passport, driver's licence, or Medicare card), and personal details including your full name, date of birth, home address, and phone number.² You can apply online and must be over 18.

Sources 

1. https://www.myzeller.com/au/business-transaction-account 

2. https://www.myzeller.com/au/pricing 

3. https://www.myzeller.com/au/eftpos-terminal-machines 

4. https://www.myzeller.com/au/support/how-much-does-zeller-cost 

5. https://www.myzeller.com/au/support/zeller-onboarding-guide

Disclaimer: The information in this article is based on our own online research. Airwallex was not able to manually test each tool or provider. The information is provided for educational purposes only and a reader should consider the specific requirements of their business when evaluating providers. This research is reviewed annually. If you would like to request an update, feel free to contact us at [[email protected]].

This information doesn’t take into account your objectives, financial situation, or needs. If you are a customer of Airwallex Pty Ltd (ACN 609 653 312, AFSL No. 487221), it is important for you to read the Product Disclosure Statement (PDS) for the Direct Services, available here. If you are a customer of Airwallex Capital Pty Ltd (ACN 661 618 819, AFSL No. 549026), it is important for you to read the PDS for Airwallex Yield, available at /en-au/terms and issued by K2 Asset Management Ltd (ABN 95 085 445 094, AFSL No. 244 393), a wholly-owned subsidiary of K2 Asset Management Holdings Ltd. All investments carry risk.