Running a small or medium-sized business in Australia means constantly adapting. What you need from your EFTPOS solution in your first year looks very different from what you need once you’re expanding to new sites or streamlining multi-terminal operations. That’s why we’ve built this guide: to answer the most common EFTPOS questions businesses ask at each stage of their journey and to show how Tyro helps solve them.
From faster settlements to seamless POS integration, from cash flow support to easy switching, Tyro is built to make payments simple, reliable, and growth-ready. Our goal is to give you clear, practical advice so you can focus on what matters most: running and scaling your business.
No matter your size, payments are the heartbeat of your business. When they run smoothly, customers are happier, queues move faster, and cash flow stays consistent. When they don’t, even small issues can cost you time, sales, and opportunities to grow. Choosing the right EFTPOS partner isn’t just about today – it’s about setting yourself up for the next stage.
We’ve broken down the most common EFTPOS questions businesses ask about into three stages of the business lifecycle. Each section is designed to give you the insights, answers, and next steps relevant to where you are now:
As your business grows, even small transaction fees can add up quickly, affecting margins and profitability.
Tyro helps you manage costs effectively through Dynamic Surcharging *, allowing you to recover card processing fees where permitted, and No-Cost EFTPOS ^ allows businesses to recover costs associated with accepting electronic payments without paying rental fees once you reach the monthly threshold §. By reducing these expenses, you can reinvest in growth initiatives, staff training, or improving customer service, without compromising on technology or convenience.
Almost 90% of customers believe Tyro’s products help them manage their cash flow ¤.
Idle funds are a missed opportunity for established businesses. Tyro Transaction Account can earn interest on deposits δ while charging no account fees, so your working capital grows without extra effort.
Combining this with same-day EFTPOS settlements † ensures that your money is available when you need it, letting you make strategic decisions with confidence and improving operational flexibility.
74% of customers agree that getting their daily takings paid into their account same day, 7 days a week is a big help to their business ¤.
Manual reconciliation and slow reporting can drain staff resources and lead to errors.
Tyro’s Portal and App provide real-time visibility of transactions, giving you instant insights into sales, trends, and cash flow. By automating your cash flow reporting and integrating directly with your EFTPOS terminals, your team spends less time on administrative tasks and more time on growth initiatives or serving customers efficiently.
80% of Tyro customers say working with Tyro means they experience fewer payment processing errors ®.
Changing EFTPOS providers can feel risky, but Tyro’s application process is quick, and once approved, your terminal arrives ready to use. You’ll also have access to customer support 7 days a week from our Australian-based team who understand your industry. That means you can get started without downtime and have peace of mind knowing help is there when you need it.
With no lock-in contracts and flexible options, you can upgrade or scale your payment solution without downtime, ensuring your operations continue seamlessly while taking advantage of advanced features and integrations.
Almost 90% of customers that switched to Tyro say it made the process easy #.
In just 11 years, Zeus Street Greek expanded to 45 locations – but their old payments system couldn’t keep up, creating chaos and slowing growth. By switching to Tyro, they gained fast, reliable payments, seamless reporting across the franchise, and the flexibility to scale with confidence. Now, the team can focus on what matters most – serving amazing Greek food and growing their household name across Australia.
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