Important Legal Information for Tyro Partners

EFTPOS or eCommerce only

Tyro Payments Limited ACN 103 575 042 AFSL 471951 (Tyro) may pay financial benefits and/or referral fees to its partners. In providing information about Tyro and its product/s, Tyro partners are not providing financial advice and are only acting as a referrer. All enquiries about Tyro products are referred to Tyro to contact you about its products and provide you with a quote. You can contact Tyro on 1300 00 TYRO (8976) or http://tyro.com/support/ and access Tyro’s dispute resolution process at http://tyro.com/complaint-resolution-process/.

Financial Service

• Tyro Bank Account
• Tyro Term Deposit

Tyro Payments Limited ACN 103 575 042 AFSL 471951 is the issuer of its own financial products. As Tyro does not take into account your personal circumstances, please consider if these products are suitable for you. T&Cs available at tyro.com. You can contact Tyro on 1300 00 TYRO (8976) or http://tyro.com/support/ and access Tyro’s dispute resolution process at http://tyro.com/complaint-resolution-process/. Tyro may pay financial benefits and/or referral fees to its partners. In providing information about Tyro and its product/s, Tyro partners are not providing financial advice and are only acting as a referrer. All enquiries about Tyro products are referred to Tyro to contact you about its products and provide you with a quote.

TBA Interest Rate

1.45% payable for funds held in the Tyro Bank Account for longer than 90 days. Interest is calculated daily and paid monthly. Interest rates are variable and subject to change.

TBA Same Day Settlement

Settlements are paid 7 days a week when you meet the following eligibility criteria:

• The daily takings from your Tyro EFTPOS and/or eCommerce facility are settled into the Tyro Bank Account; and
• The Flexible Settlement Allocation feature is configured to leave a percentage of your daily takings in the Tyro Bank Account each day.

TBA Flexible Settlement

Settlements are received daily for Tyro settled funds (including American Express and JCB with Tyro Direct Settlement agreement) – excludes Alipay, HealthPoint and funds settled directly by Afterpay, American Express, & JCB. For Flexible Settlement Allocation, depending on your banking provider it may take up to 3 business days to receive funds into your Linked Account.

Virtual Terminal & Payment Links

Card-not-present transactions, including transactions using Payment Links and Virtual Terminal, involve a higher fraud and chargeback risk than transactions where the card is present. You, not Tyro or the cardholder, are liable for all chargebacks: see the Electronic Payments Facility Terms and Conditions at tyro.com/terms-and-conditions/ . For further information about the risks associated with chargebacks, please refer to Tyro’s Chargebacks and Disputes Guide at tyro.com/blog/chargebacks-disputes-guide/ . For any transactions processed through Payment Links and Virtual Terminal, you will be charged a rate of 1.4% (incl. GST) of the transaction value per transaction for Visa and Mastercard domestic and international card payments. You will be invoiced for transactions processed through Payment Links and Virtual Terminal, even if you are on a No Cost EFTPOS pricing structure. Payment Links come with 3-Domain Secure (3-D Secure or 3DS) which is a security protocol that adds an additional layer of security to online purchases by requiring cardholders to authenticate themselves with the card issuer when making payments. It helps to prevent unauthorised online transactions, reducing the risk of fraud, and can protect you (merchant) from chargebacks if the transaction is authenticated successfully. Some business types (MCCs) may be excluded from card-not-present transactions, using Payment Links and Virtual Terminal.