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.

Tyro's core service starts from $0-29/mo, with a higher tier available. Hardware is rented rather than purchased outright, which is included in the plan.

Tyro charges 1.4% on in-person card transactions as its published flat rate. Volume-based rates may be available for higher-volume businesses.

Tyro is primarily an Australian EFTPOS and payment provider, not a full POS system. Its value is in deep POS integrations: it connects with over 350 existing POS software platforms so you keep your current POS and add Tyro as the payment layer.

Tyro terminals support offline mode for in-person card payments. Transactions queue locally and submit once connectivity is restored.

Yes. Tyro has a strong healthcare presence in Australia, supporting Medicare and health fund claiming alongside standard card acceptance. It integrates with practice management software used in medical and allied-health settings.

Tyro operates month-to-month with no lock-in contract. Terminal rental is on the same flexible terms.