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How To Transfer Your EFTPOS Contract When Selling Your Business

Make selling your business smoother by transferring your EFTPOS NZ contract to the new owner. This lets them take over payments without delays, and you avoid early termination fees.

Steps

1. Talk to the New Owner

Agree with the buyer that they will take over your EFTPOS payment services. Choose a handover date at least 2 weeks in advance so we can prepare.

Encourage the buyer to keep your setup. It’s faster and cheaper than starting from scratch.

2. Submit the Change of Owner Form

Complete the Business Change of Owner form to start the transfer process.

We'll contact the buyer directly to confirm their business details, Merchant ID (MID), and help them with paperwork.

3. Book a Setup Time

We’ll organise a time to reconfigure or reinstall the terminal with both parties. This can be done remotely or onsite.

4. Finalise the Transfer

Once the buyer is set up, we’ll close your account and stop billing.

If the buyer signs a new contract with us, we waive your early cancellation fee.

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