Visa-Paywave---featured

Visa Paywave Merchants: Your guide to retailers who accept payWave contactless payment

Pay for your purchases quickly and securely with Visa payWave.

Visa payWave gives you the ability to use your card via a contactless payment technology. Accepted globally, this new Visa technology is offered by most leading financial institutions in Australia. Some of the financial institutions that offer Visa payWave-enabled cards include ANZ, National Australia Bank, Westpac, ING, Investec, Macquarie and Gem.
Visa payWave cards are available in both credit and debit card form, although this does not remain the same with all issuing institutions.
Since users do not have to enter their PIN or sign slips when using their Visa payWave cards, they can save time at the checkout. The contactless payment technology is limited to transactions under $100 and these cards come backed by Visa's Zero Liability policy.

St.George Complete Freedom Account

Visa Paywave Offer

Enjoy low monthly account-keeping fees with St.George Complete Freedom Account and $0 ATM fees.

  • $0 monthly fee when at least $2,000 is deposited per month or open a Complete Freedom Student account, otherwise a fee of $5 applies per month
  • $0 ATM withdrawal fee at 50,000+ ATMs globally
  • Visa Debit with payWave

    How does Visa payWave work?

    You can use your Visa payWave card with various merchants in Australia and this list continues to grow. This list currently includes businesses such as McDonald's, Red Rooster, Food Works, Harris Farm, 7-11, Coles, Woolworths, Caltex, Bunnings, JB Hi-Fi, Dan Murphy's, The Body Shop, Typo, T-Bar, the Melbourne Cricket Ground, the Sydney Cricket Ground and Event Cinemas.

    When making a payment at a merchant that supports this technology, look for the Visa payWave symbol around the point-of-sale terminal. After the cashier enters the total amount of your purchase, that amount is displayed on the Visa payWave reader. The reader features four green lights at the top and when the first of these illuminates you have to hold your card over the reader at a distance less than 4cm from the Visa payWave logo. All four lights illuminate when the transaction is complete.

    For transactions over $100, you can use the card in the normal way by entering your PIN or signing. This function is set in place for security reasons.

    Rates last updated September 24th, 2017
    $
    Monthly Account Fee Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Details
    St.George Complete Freedom Account
    10% Cash back for online gaming purchases and $50 cash bonus offer.
    Waived account keeping fees when minimum deposit is met with no minimum balance.
    Visa $0 $2,000 $0 account keeping fees if you deposit at least $2,000 per month. Otherwise, a $5 fee applies. Unlimited free withdrawals at St.George, Westpac and BankSA ATMs. Go to site More
    NAB Classic Banking
    $0 monthly account fees.
    Tap and pay with your NAB Visa Debit card, NAB Pay for Android or NAB PayTag for iPhone.
    Visa $0 $0 $0 account keeping fees with no deposit conditions. Unlimited free withdrawals at NAB and rediATMs. Go to site More
    Bank of Melbourne Complete Freedom
    Get Cardless cash and shop securely with your Visa debit card. Customise SMS and email alerts.
    Visa $0 $2,000 $0 account keeping fees if you deposit at least $2,000 per month. Otherwise, a $5 monthly fee applies. Unlimited free withdrawals at Bank of Melbourne, St.George, Westpac and BankSA ATMs. Go to site More
    BankSA Complete Freedom Account
    Cardless Cash available. Open one in less than 3 minutes.
    Visa $0 $2,000 $0 account keeping fees if you deposit at least $2,000 per month. Otherwise, a $5 monthly fee applies. Unlimited free withdrawals at BankSA, St.George, Westpac and Bank of Melbourne ATMs. Go to site More
    HSBC Day to Day Transaction Account
    Your Visa debit card unlocks special privileges worldwide with the HSBC home&Away Privilege Program.
    Visa $0 $0 $0 account keeping fees. Unlimited free withdrawals at over 3,000 HSBC, Westpac, St.George, Bank of Melbourne and BankSA ATMs. Go to site More

    How do I compare cards with Visa payWave?

    Since various financial institutions offer debit and credit cards with this technology, it's a good idea to compare the pros and cons of each card before picking one. For starters, you might already hold an account with an institution that offers Visa payWave cards and in such a scenario you should ask if you qualify for an upgrade. If you have to apply for a new card to get payWave you may want to compare the reputation of different financial institutions before you make a decision. Remember to also pay attention to aspects like interest rates and fees.

    • Type of card. The type of card you wish to apply for can limit your options, simply because not all financial institutions offer both debit and credit cards. For example, while ANZ offers Visa payWave debit and credit cards, NAB currently only offers Visa payWave credit cards.
    • Visa acceptance. Comparing merchant acceptance of different Visa payWave cards is not really required because a merchant who accepts payments via Visa payWave will accept payment from all Visa payWave enabled cards. It's also important to note that not all merchants that accept Visa will have the payWave feature.

    Pros and cons of Visa payWave

    Pros

    • Helps save time - By far the best feature of this technology is that it helps save time at the checkout.
    • Saying goodbye to change - Paying through your card no longer requires you to enter your PIN or sign a slip. This encourages you to use your card for small transactions, which means you can do without carrying any change.
    • Secure - Visa payWave cards offer the same level of security in comparison to conventional cards and this ensures that fraudulent or unauthorised transactions are not your responsibility. In addition, these cards come with Visa's Zero Liability policy.

    Cons

    • payWave etiquette - Some merchants automatically payWave your card when they notice it is payWave enabled. If you wish to proceed with your payment the regular way by putting in your PIN, make sure you mention this to the staff member.
    • The $100 limit - Although some cardholders think this limit should increase, others feel secure knowing that they do not stand to lose more than $100 if their cards are misused.

    Things to avoid about Visa payWave

    Avoid keeping your card in places where it is easy to access. Transactions under $100 do not require your signature or PIN, so thieves can easily make purchases if the card falls into their hands.

    When using the card, avoid keeping too much distance between the card and the card reader. Any more than a 4 cm gap and the card will not work.

    Frequently asked questions about Visa payWave

    No. The terminals make only one transaction per card and this transaction must either be complete or voided before the machine proceeds to the next transaction.

    Since the technology's basic idea is to save time, merchants ask if you want a receipt. Transactions over $100 come with receipts.

    Since cards need to be within a 4 cm range and terminals can make only one transaction at a time, instances of transactional errors such as these are remote.

    Yes. When it comes to withdrawing money from ATMs, these cards function in the regular manner.

    Due to the fact that there are a number of financial institutions that offer Visa payWave cards, application procedures can vary. Eligibility criteria for different cards also differs.

    Shirley Liu

    Shirley is finder.com.au's publisher for banking and investments. She has completed a Masters in Commerce (Finance) and is the author of hundreds of articles. She is passionate about helping Aussies make an informed decision, save money and find the best deal for their needs.

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    2 Responses

    1. Default Gravatar
      JeffJanuary 15, 2014

      I see Coles and Woolworths have the technology- but how widely is it available? Will be driving from Melbourne to Cairns in June. Will it be all, or most, or some Coles and Woolworths petrol stations along the route which will have paywave technology available?

      • Staff
        MarcJanuary 15, 2014Staff

        Hello Jeff,
        thanks for the question.

        Woolworths and Coles started rolling out contactless payment terminals in late 2011, so there should be a large number of petrol stations from both retailers along this route with the capabilities to accept this form of payment.

        Cheers,
        Marc.

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