Commonwealth Bank of Australia (CBA) has launched a $0 upfront cost Smart Mini reader offer for small businesses, as part of an introductory promotion coinciding with its sponsorship of CommBank SmallBiz Week.

The bank’s Smart Mini portable payments device provides an industry leading 1.1% flat rate fee on all major cards.1 The $0 Smart Mini reader promotion runs until 29 September and adds to an existing $0 monthly account fee option for CommBank Business Transaction Accounts (BTA). Customers who settle $2,000 worth of transactions with their new Smart Mini reader to their CommBank BTA by 31 July are also eligible for a $100 cash payment.2

Speaking at the CommBank SmallBiz Week event at Marvel Stadium in Melbourne, CBA Executive General Manager Business Lending and Small Business Banking, Grant Cairns, said:

“We’re delighted to launch this $0 Smart Mini reader promotion to coincide with our sponsorship of CommBank Small Biz Week. We know it is a tough environment for many small businesses and that every saving helps with the bottom line.

“Together with our existing $0 monthly account fee option for new CommBank BTAs, we’re pleased to be providing tangible support to the small business sector by removing a number of banking services costs.”

“Our $0 Smart Mini reader promotion gives small businesses the opportunity to trial its many benefits, including a highly competitive flat rate transaction fee, anti-fraud technology, almost real-time transaction insights and same day settlement on all transactions where the device is linked to a CommBank BTA.

“Portable payments is a very competitive space between different providers and we’re pleased with the advantages that Smart Mini delivers to our customers and its traction in the market since launching in March,” Ms Last commented.

Access the $0 Smart Mini reader promotion by visiting commbank.com.au/smart-mini and for more information on the $0 monthly account fee option for new CommBank Business Transaction Accounts, visit commbank.com.au/bta