Tap & Save
Customers tap. You save^. Reducing EFTPOS fees has never been so simple.
At Tyro, we’re proud as punch to have launched our version of least-cost routing – known simply as Tap & Save. As the name suggests, customers tap their cards, and you could save on Merchant Service Fees by processing the contactless debit transactions through the cheaper eftpos network.
As the first bank to launch the feature, this shows our ongoing commitment to Aussie businesses like yours.
How you could reduce Merchant Service Fees with Tap & Save
Your customer makes a debit contactless transaction
If eligible^, we process the transaction through the eftpos network
Due to a lower acquiring cost, you could save money
International card schemes
0.58%
average fee per
contactless transaction
The eftpos network
0.26%
average fee per
contactless transaction**
Why get Tyro Tap & Save?
Save Money
On average, Tyro customers can save more than 7%* on Merchant Service Fees. Actual savings for each business vary depending on their card mix transaction volume and amount, industry and pricing plan.
Easy Opt In
Apply now and, if eligible, you can opt in to Tap & Save.
Integrated EFTPOS
Tyro’s industry-leading EFTPOS integrates with over 240 POS/PMS and has 99.9% uptime.
EFTPOS OnTop
Fast countertop transactions
- 3G and Ethernet configurable
- Large colour display and backlit keys
- Accept contactless payments
- Connects to multiple tills/POS lanes
- Integration with 240+ POS solutions
- Built-in thermal printer
EFTPOS OnTheGo
Wireless mobile payments
- Mobile, 3G and Wi-Fi
- Long-life rechargeable battery
- Accept contactless payments
- Connects to multiple tills/POS lanes
- Integration with 240+ POS solutions
- Built-in thermal printer
Tap & Save works for businesses like yours
Hospitality
On average, Tyro hospitality customers save 9.8%* using Tap & Save.
Retail
On average, Tyro retail customers save 7.0%* using Tap & Save.
Health
On average, Tyro health customers save 3.4%* using Tap & Save.
Customers like you
On average, Tyro customers could save more than 7%* on Merchant Service Fees.
Trusted by over 20,000 Australian businesses
Our customers rate us 4.3 out of 5†
Tap & Save has been great for my business. I’ve ended up with more money at the end of the month without having to change a thing. No fiddling with machines, no increase in prices, no staff retraining – keeping my customers and my team happy. Tyro understands what’s important to me, and they make it happen – simple.
Andrew
The Oaks Hotel (Neutral Bay, NSW)
Join Tyro and benefit from fast, integrated & reliable EFTPOS that could save you money.
Or call 02 8907 1700 Mon-Fri 9am-5pm AEST.
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?
Tyro submits payment instructions for the previous day's transactions to the merchants' nominated transaction 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. However, Tyro is now offering 'Flexible Settlements', which allows merchants to select a settlement time (after 8pm) 7 days a week.
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 terminals to arrive?
Once your application is approved, it’ll take 2-4 business days for the terminal to arrive.
How do I transfer from a different provider?
You can keep your existing terminal until your Tyro terminal arrives.
^ Tyro does not guarantee any cost savings by opting in for Tap & Save. Savings on eligible transactions processed through the eftpos 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 from $15 to 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. Yomani CR, Xentissimo and Xenta terminals do not support Tap & Save. For details refer to the FAQs at tyro.com or call 1300 966 639.
* 7% savings (9.8% savings for hospitality customers, 7.0% savings for retail customers, 3.4% savings for health customers) on Merchant Service Fees represents the potential savings of Tyro eligible merchants (calculated as an average), over the period December 2017 to August 2018 and was based on actual eligible transactions processed during this period.
** The Reserve Bank, 2017
† Based on Tyro Net Promoter Score Survey, 27/04/17.