NAB Easy Tap

What NAB Easy Tap is

NAB Easy Tap turns an eligible Android device into a contactless payment terminal for taking payments on the go. It requires an NFC-enabled device running Android 14 or later and an internet connection, and does not support offline payments. Eligible Visa, Mastercard, and eftpos transactions are charged at 1.30% per tap. The listed payment methods also include Apple Pay, Google Wallet, and Samsung Pay. The pay-as-you-go plan has no setup fee or terminal hardware fees, and charges a fee only when a payment is taken; no separate reader is required. Users can view transactions, daily totals, and daily, weekly, and quarterly sales reports. Transactions settled to a NAB Business Everyday Account before 9:30pm AEST/AEDT receive same-day settlement, seven days a week. NAB says payments are processed by NAB using security designed for mobile payments. Easy Tap does not integrate with existing accounting software. Applicants need an active ABN and a qualifying role at a business or organization, and must not have had an Australian financial institution terminate a merchant facility in the previous 12 months.

Who it suits

NAB Easy Tap suits eligible Australian businesses and organizations that want to take contactless payments using an NFC-enabled Android device. Applicants need an active ABN and must meet the stated role and merchant-history requirements.

Limits

The app requires an NFC-enabled Android device running Android 14 or later and an internet connection, and it does not support offline payments. Eligible Visa, Mastercard and eftpos transactions incur a 1.30% per tap fee; the plan has no setup fee or terminal hardware fee.

Getting started

1. Visit the NAB Easy Tap website.
2. Check that your Android device supports NFC, runs Android 14 or later, and has internet access.
3. Confirm you have an active ABN, a qualifying role and meet the merchant-facility history condition.
4. Submit an enquiry; NAB says it will call within one business day, or call 1300 338 767.
5. Use the app to accept contactless payments.

Verdict

NAB Easy Tap offers on-the-go contactless payments without separate terminal hardware, with a fee charged only when a payment is taken. Check the device requirements, application conditions, and lack of accounting integrations before applying.