Tyro

Tyro does not publish standard transaction rates. Pricing is negotiated based on your industry, card volume, and terminal configuration. Tyro's quoted rates are generally competitive for hospitality and retail businesses with moderate-to-high volumes.

Yes. Tyro was the first bank in Australia to launch a least-cost routing product for merchants, branded as Tap and Save. It routes eligible contactless debit card transactions through the eftpos network when it is cheaper than Visa or Mastercard, reducing merchant service fees by an average of around 8.5% on eligible transactions.

Tyro offers over 300 direct integrations with POS and business management systems, making it one of the most connected EFTPOS providers in Australia. Supported systems include Lightspeed, Kounta, and many hospitality-specific platforms.

Yes. Tyro holds an Australian banking licence, which means it is regulated by APRA and ASIC. This provides a level of consumer and merchant protection equivalent to a traditional bank, which some businesses prefer over non-bank payment providers.

Yes. Tyro terminals are typically rented rather than purchased outright. Rental fees are part of your individual merchant agreement and are not published publicly.

Tyro's contract terms vary by merchant agreement. Lock-in periods and early termination provisions are negotiated at the time of sign-up, so confirm these before committing.

Tyro is best suited to mid-sized hospitality and retail venues that already use, or plan to use, one of its 300-plus integrated POS systems. Its Australian banking licence, Tap and Save LCR, and deep POS catalogue make it a strong option for venues with moderate-to-high card volumes.