Tyro logo

Tyro

Tyro is an Australian-owned EFTPOS and payments provider with deep POS integrations for hospitality and retail.

Best for

Mid-sized hospitality and retail venues with existing POS systems.

Australian EFTPOS with a published flat in-person rate, monthly terminal rental instead of purchase, no joining or break fees, least-cost routing and same-day settlement, plus online payment links and invoicing.

In-person rate
1.3%
Online rate
Custom quote
Monthly fee
From $19/mo
Contract
No lock-in
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Pricing breakdown

Every fee we track, grouped by where it applies.

In-person payments

EFTPOS terminal and tap-to-pay transactions.

Transaction rate
1.3%

Published standard Transaction Fee of 1.3% (incl GST), flat across schemes, on every Tyro Pro Series terminal and the BYO app. Above $20k/mo Tyro quotes a custom rate. A 1% introductory rate runs until 31 March 2027 for new EFTPOS customers who join before 24 November 2026 and transact over $20k/mo; it is a dated promotion, not a tier, and reverts to 1.3%. Not to be confused with 1.4%, which is the Payment Links (card-not-present) rate.

Monthly fee
From $19/mo

Monthly terminal rental, published per product: Pro Lite $19, Pro Touch $29, Pro Key $29, Tyro BYO phone app $0. The cheapest published terminal rental is quoted here, matching how the other rental providers in this table are stored. A merchant using the BYO app on their own phone pays no rental.

Hardware cost
From $19/mo rental

Terminals are rented monthly rather than bought: Pro Lite $19, Pro Touch $29, Pro Key $29. The Tyro BYO phone app needs no terminal and carries no rental.

Setup fee
None

Tyro publishes a zero joining fee.

Online payments

Online checkout and keyed-in card transactions.

Transaction rate

Reclassified 2026-10-01 (Rob call): this figure is published only inside an image on tyro.com/merchant-payment-costs, so our scraper can never read or maintain it going forward. Tyro declined a partnership, so manual re-verification is not warranted. Previously stored as 1.5% + $0.20 from a one-off human read on 2026-09-10; not necessarily wrong, just unmaintainable, so shown as not-published rather than left stale.

Monthly fee
From $19/mo

Monthly terminal rental, published per product: Pro Lite $19, Pro Touch $29, Pro Key $29, Tyro BYO phone app $0. The cheapest published terminal rental is quoted here, matching how the other rental providers in this table are stored. A merchant using the BYO app on their own phone pays no rental.

Setup fee
None

Tyro publishes a zero joining fee.

Other fees

Chargeback fee
AMEX rate

Tyro does not publish a separate in-person Amex rate; the flat 1.3% terminal rate is quoted across schemes. Amex is stated only for Payment Links (card-not-present): 1.4% incl GST for OptBlue merchants, or a 0.1% switch fee excl GST for Classic merchants who hold their own Amex agreement.

International card surcharge
Early termination fee
None

Tyro publishes no cancellation or break fees.

Instant payout fee
Same-day available
Refund fee
Quote
PCI compliance fee

Contract terms

Contract length
No lock-in

Tyro publishes no lock-in contracts and no break fees.

Settlement time
Same day available
Least-cost routing
Yes

Tap & Save least-cost routing.

Recurring billing
No

In-person EFTPOS focus; recurring billing not native.

How Tyro compares

All prices in AUDPrices checked

Side-by-side with the closest alternatives by estimated cost.

Based on $15,000/mo card volume at a $50 average transaction, 70% in person and 30% online.

Compare all payment providers
Tyro logo

Tyro

In-person rate
1.3%
Online rate
Custom quote
Monthly fee
From $19/mo
Hardware cost
From $19/mo rental
Contract length
No lock-in
Settlement time
Same day available
Est. monthly cost
—
Visit Tyro
Square logo

Square

$267/mo est.

In-person rate
1.6%
Online rate
2.2%
Monthly fee
Free
Hardware cost
$65
Contract length
No lock-in
Settlement time
Next day
Est. monthly cost
$267/mo
View details
Zeller logo

Zeller

$248.25/mo est.

In-person rate
1.4%
Online rate
1.75% + 25c
Monthly fee
Free
Hardware cost
From $99
Contract length
No lock-in
Settlement time
Next business day
Est. monthly cost
$248.25/mo
View details
Stripe logo

Stripe

$295.50/mo est.

In-person rate
1.65% + $0.10
Online rate
1.65% + $0.30
Monthly fee
Free
Hardware cost
From $89
Contract length
No lock-in
Settlement time
Standard payouts
Est. monthly cost
$295.50/mo
View details

Tyro head-to-head comparisons

See how Tyro compares to others like Square on price, contract terms and features, side by side.

Common questions about Tyro for payment providers

The same questions Australian merchants ask before signing up.

  • 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 580+ integrations with POS and PMS systems, without third-party middleware, 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.

  • Tyro terminals are rented monthly rather than purchased outright, and the rentals are published, starting From $19/mo. Tyro Pro Lite is the cheapest, with Pro Touch and Pro Key above it. The Tyro BYO app takes payments on your own phone with no terminal and no rental, at the same transaction rate.

  • No. Tyro's published contract terms are No lock-in, with no joining fee and no cancellation or break fee. You keep paying the monthly terminal rental for as long as you hold the terminal, so the cost that continues is the rental rather than a contract.

  • Tyro is best suited to mid-sized hospitality and retail venues that already use, or plan to use, one of its 580+ integrations integrated POS systems. Its Australian banking licence, Tap and Save least-cost routing, and deep POS catalogue make it a strong option for venues with moderate-to-high card volumes, which are also the venues that can ask for a rate below the published one.

Strengths and trade-offs

Pros

  • Publishes a flat in-person rate, with no lock-in contract, joining fee or break fee
  • Deep POS integration catalogue (Lightspeed, Kounta, Vend, etc.)
  • Australian based
  • Same-day settlement available

Cons

  • Terminals are rented monthly rather than bought outright
  • Merchants above the published volume threshold are quoted individually, so the headline rate is a ceiling for them rather than the price

Accepted payment methods

Cards, wallets, and other methods supported by Tyro for Australian merchants.

Cards

  • Visa
  • Mastercard
  • EFTPOS
  • AMEX
  • UnionPay
  • JCB
  • Diners Club

Digital wallets

  • Apple Pay
  • Google Pay
  • Samsung Pay

Other

  • Alipay
  • WeChat Pay

About Tyro

Tyro is an Australian payments company with a large set of native POS integrations for hospitality and retail. It publishes a flat in-person transaction fee that applies across card schemes, rents its terminals monthly, and negotiates a custom rate with merchants processing above a published monthly volume threshold.

Tyro was founded in 2003 and is headquartered in Sydney, Australia.

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