How is the Wave & Save Transaction Limit calculated for Merchants?
For Existing Suncorp Merchants
Enter the Merchant Service Fee % and the Debit Card Fee in the green fields as per a merchants pricing plan. Press enter. The dollar amount displayed is the transaction amount where the costs are the same to process via both the EFTPOS and credit card network. This transaction amount will be set as the default position for their Wave & Save Transaction Limit**.
For New merchants
Your Wave and Save Transaction Limit will be calculated based on your new pricing plan with Suncorp. The transaction limit will be set to a default position where the transaction amount costs the same to process via both the EFTPOS and Credit Card network. Our Business Specialist will let you know your transaction limit during the application process.