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Like businesses, not all banks are the same. We’re shaking up the business banking world, with smart technology that could save you time and money.
Tap & Save
Customers Tap. You Save*. Keep more of what you make on eligible Tap & Go debit transactions with Tyro’s Tap & Save.
Connectivity that suits you
With Ethernet and 3G backup on CounterTop EFTPOS and WiFi with 4G backup on Mobile EFTPOS.
Faster than cash
Serve customers fast with sub 1.5 second transaction speeds^.
Quick and simple set-up – plug in, activate and go so you can focus on your business.
Reduce keying errors and make end-of-day reconciliation a breeze with 300+ integrated POS/PMS providers.
Tailor-made EFTPOS features for hospitality, retail and health including SplitBills, BarTabs§ and Rebate Estimate.
24/7 Australian-based Customer Support is included with our EFTPOS & banking solutions.
No lock-in contract
No lock-in contract and no hidden fees – we believe in our products.
Monitor your EFTPOS and eCommerce takings in real-time.
The Tyro EFTPOS machines
We have both a countertop and a mobile solution that could work for you.
CounterTop EFTPOSFast countertop transactions
- Ethernet with 3G backup
- Accept contactless payments
- Connects to multiple tills/POS lanes
- Integration with 300+ POS/PMS solutions
- Built-in advanced thermal printer
- Backlit ergonomic keypad for easier keying
Tyro Bank Account¤
Tyro EFTPOS includes a fee free deposit account that earns you interest.
Get your EFTPOS funds paid every day at a time you choose (from 8pm to 5am) when you settle into your Tyro Bank Accountδ. Or, if same day settlements are not important to you, we can auto-sweep your funds into any Australian bank account if you don’t want to leave your funds with Tyro.
From EFTPOS with standalone machines to POS integration and small business loans, Tyro can help you whatever your business needs are.
Join Tyro and benefit from fast, integrated & seamless EFTPOS solutions tailored to your business
Tyro has no lock-in contract, we believe in our products.
Frequently Asked Questions
Do I have to change my bank account?
No. Tyro can autosweep EFTPOS settlements from the Tyro Bank Account into any Australian bank account.
How long does it take for funds to settle?
For customers who settle their funds into the Tyro Bank Account, they have their funds available to them daily, seven days a week, at a time they choose from 8pm. For customers who do not settle into the Tyro Bank Account, Tyro submits payment instructions for the previous day’s transactions to the merchant’s nominated bank in a file at 10am on banking days via the Bulk Electronic Clearing System (BECS). Non-banking days (weekends and Public Holidays) are submitted along with the next banking day’s transactions.
Is there any lock-in contract?
Tyro has no lock-in contract, we believe in our products. You may cancel at anytime.
How long does it take for the EFTPOS machine/s to arrive?
Once your application is approved, it’ll take 1-2 business days in metro areas for the EFTPOS machine/s to arrive.
How do I transfer from a different provider?
You can keep using your existing EFTPOS machine until your Tyro EFTPOS machine arrives.
* 8.5% savings (10.2% savings for hospitality customers, 7.7% savings for retail customers, 4.4% savings for health customers, 5.3% savings for service customers) on Merchant Service Fees represents the potential savings of Tyro eligible merchants (calculated as an average), over the period December 2017 to June 2020 and was based on actual eligible transactions processed during this period. Tyro does not guarantee any cost savings by opting in for Tap & Save. Savings on eligible transactions processed through the cheapest network vary for each business depending on their card mix, transaction volume and amount, industry, and pricing plan. Eligible transactions are contactless debit card transactions less than $1,000. Tap & Save is not available on Special Offer pricing which includes some flat fee simple pricing offers or where you surcharge on debit card transactions as cost savings may not be realised. For details refer to Tyro.com or call 1300 00 TYRO (8976).
^ Average time taken to authorise a payment transaction, from 1 March 2020 to 30 June 2020. Measured as the average time elapsed from a cardholder presenting the card on the EFTPOS machine to the return of the authorisation on the EFTPOS machine from the card schemes, covering approximately 95% of Tyro’s EFTPOS machine fleet in production.
§ Tyro’s Pay@Table, SplitBills and BarTab features are only available where the POS/PMS supports the integration. SplitBills is only available with Tyro’s Pay@Table feature.
¤ The Tyro Bank Account is a protected account under the Financial Claims Scheme which guarantees repayment of depositor funds up to $250,000 per account holder at an authorised deposit taking institution in the unlikely event of their insolvency. For more information visit ASIC's website.
δ Same day settlements are only available where settlement funds are deposited into the Tyro Bank Account. Available settlement times are from 8pm to 5am. Applies to Tyro settled funds only (including American Express and JCB with Tyro Direct Settlement agreement) – excludes Alipay, HealthPoint and funds settled directly by Afterpay, American Express, JCB and Diners Club.
Tyro may pay financial benefits and/or referral fees to its partners.
Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
Google Pay and the Google Pay logo are trademarks of Google Inc.
Apple Pay and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries.
Tyro Payments Limited ACN 103 575 042 AFSL 471951 (Tyro) 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. You can contact Tyro on 1300 00 TYRO (8976) or tyro.com and access Tyro's dispute resolution process at tyro.com/complaint-resolution-process/.