Key facts
- • Tyro's current published standard in-person rate is 1.3% per transaction
- • Terminal rental: Pro Lite $19/month, Pro Touch $29/month, Pro Key $29/month. Tyro BYO smartphone app: $0 monthly rental
- • Tyro's introductory offer for eligible merchants is a 1% transaction fee, including GST, and $0 Tyro Pro terminal rental until 31 March 2027. Monthly transaction value must be over $20,000, and the application must be approved and the Merchant ID created between 9am Sydney time on 22 September 2026 and 9am Sydney time on 24 November 2026
- • Payment Links is a separate online rate of 1.4% including GST, not an add-on to the in-person rate
- • From 1 October 2026, Visa, Mastercard and eftpos no-surcharge network rules apply following changes by the RBA, and American Express has indicated it will remove surcharging from the same date
- • Tyro integrates with a range of POS systems. Check Tyro for the current list
What does Tyro charge per transaction?
Tyro's current published standard rate for in-person card payments is 1.3% per transaction. Merchants should confirm any international, manually entered or other additional charges in their Tyro agreement.
| Type | Fee | Monthly | Hardware |
|---|---|---|---|
| QwikPay | $0.00Zero fees | Subscription | None - QR code or in-App |
| Tyro standard (rented terminal) | 1.3% | From $19/mo (Pro Lite) for rented terminals; $29/mo for Pro Touch and Pro Key | Terminal rental |
| Tyro BYO smartphone app | 1.3% | $0 rental | Compatible smartphone |
| Tyro promotional (eligible merchants only) | 1% including GST until 31 March 2027 | $0 Tyro Pro terminal rental until 31 March 2027, subject to eligibility | Tyro Pro terminals; BYO and eCommerce excluded |
| Payment Links (separate online rate) | 1.4% including GST | Check Tyro for plan requirements | N/A (online) |
Rates are Tyro's published standard rates. The 1% promotional rate applies only to merchants who meet Tyro's offer terms, including monthly transaction value over $20,000, and is not available to every new merchant. After 31 March 2027, 1.3% including GST and standard terminal rental apply unless otherwise agreed in writing. Payment Links is a separate online payment rate, not added to the in-person rate. Confirm GST treatment, current rates and promotion terms directly with Tyro.
Terminal rental tiers
Tyro's terminal pricing depends on which terminal model you use:
| Terminal model | Monthly rental |
|---|---|
| Pro Lite | $19/month |
| Pro Touch | $29/month |
| Pro Key | $29/month |
| Tyro BYO smartphone app | $0/month |
The Pro Lite is suitable for most countertop setups. Pro Touch adds a touchscreen display. Pro Key includes a keypad for PIN entry on the same device. The Tyro BYO smartphone app uses a compatible smartphone to accept contactless payments, with no monthly rental.
Tyro's 1% promotional rate
Under Tyro's 1% offer terms, eligible merchants pay a 1% transaction fee, including GST, and $0 rental on Tyro Pro terminals until 31 March 2027. The offer begins when the Electronic Payments Facility is activated. After 31 March 2027, 1.3% including GST and standard terminal rental apply, unless otherwise agreed in writing. Not every new merchant qualifies. Key conditions include:
- The completed application must be provided and approved, and the Merchant ID created, between 9am Sydney time on 22 September 2026 and 9am Sydney time on 24 November 2026.
- Monthly total transaction value must be over $20,000.
- Customised pricing is not available, and no other promotional offer or discounted transaction rate can apply.
- The applicant must not have been a Tyro merchant in the six months before the eligibility period.
- Franchise and corporate groups are excluded.
- Referrals through any partner, reseller, referrer or third-party channel are excluded.
- Applications to add a terminal to an existing Merchant ID are excluded.
- Tyro BYO and Tyro eCommerce applications are excluded.
- The 1% rate excludes Alipay and American Express transactions where the merchant has a direct American Express acceptance agreement.
Tyro may extend or withdraw the offer, and approved eligible applications are honoured if it is withdrawn. Other terms apply, so confirm current promotion terms and your eligibility directly with Tyro before making a decision based on this rate.
What about Tyro No Cost EFTPOS?
Tyro has offered a surcharging pricing plan known as No Cost EFTPOS. From 1 October 2026, Visa, Mastercard and eftpos no-surcharge network rules apply following changes by the RBA, and American Express has indicated it will remove surcharging from the same date. If you currently use a surcharging plan, check your Tyro merchant agreement and ask Tyro how the plan applies after 1 October 2026.
What is Tap and Save?
Tap and Save is Tyro's least-cost routing for contactless debit transactions. It automatically routes transactions over the cheapest available network. Tyro publishes claims about average savings through Tap and Save. Verify the current claims and conditions directly with Tyro, as savings vary by merchant and card mix.
October 2026 card-surcharge changes impact
From 1 October 2026, Visa, Mastercard and eftpos no-surcharge network rules apply following changes by the RBA, and American Express has indicated it will remove surcharging from the same date. These rules operate through card networks, payment providers and merchant agreements and are set by the card networks. Tyro's standard in-person rate is a processing cost that comes out of your margin if you cannot pass it on. Check your merchant agreement and ask Tyro how any surcharging plan applies to you.
Who is banning card surcharges in Australia? →Full card-surcharge changes guide →Accept payments with $0 transaction fees through QwikPay
Tyro's standard in-person rate is 1.3%, and promotional, custom and separate online rates also exist. QwikPay charges merchants nothing per transaction. Payments are processed through the QwikPay wallet via QR code using PayTo and PayID infrastructure. No interchange. No scheme fee. No merchant service fee. On-Demand Settlement is available. QwikPay sits alongside your existing terminal as an additional payment option, so your current setup stays where it is. QwikPay uses a business subscription model, so subscription charges may apply. Check current pricing and terms during onboarding.
Start accepting zero-fee paymentsHow Tyro compares to other providers
| Provider | Transaction fee | Monthly | Settlement |
|---|---|---|---|
| QwikPay | $0.00Zero fees | Subscription | On-Demand Settlement |
| Tyro standard | 1.3% | From $19/mo for rented terminals; $0 for BYO smartphone app | Depends on account and settlement conditions |
| Westpac EFTPOS machine | 0.79% | $24.75/device (EFTPOS Now, Now with Presto, Flex); $27.50/device (EFTPOS Connect) | One settlement a day before 9:30pm Sydney time to an eligible Westpac account |
| Square | 1.6% (accounts opened on or after 30 May 2024) | $0 (Free plan) | As soon as next day (free transfers) |
| Zeller (in-person) | 1.4% (1.2% with Zeller POS and Zeller Terminal; excludes third-party POS integrations) | $0 terminal rental | Following business day |
| Stripe (in-person) | 1.65% + $0.10 from 1 Oct 2026 | None for payment processing | Depends on account and settlement conditions |
- Westpac: the 0.79% rate applies to EFTPOS Now, Now with Presto, Flex and Connect and covers eftpos, Mastercard, Visa and UnionPay. It excludes American Express and JCB. The $24.75/month device fee applies to EFTPOS Now, Now with Presto and Flex; EFTPOS Connect is $27.50/month.
- Square: as shown on Square's pricing page, 1.6% applies to accounts opened on or after 30 May 2024. Eligible accounts opened before that date may pay 1.9% on Reader, Stand or Tap to Pay. Older accounts using Terminal or Register have different applicable conditions.
- Zeller: Zeller's pricing page shows 1.2% with Zeller POS and Zeller Terminal; excludes third-party POS integrations.
- Stripe:Stripe's notice reduces domestic in-person (card-present) pricing from 1.70% + $0.10 to 1.65% + $0.10 from 1 October 2026. Online pricing has a different fixed fee ($0.30).
Frequently asked questions
What is Tyro's transaction fee?
Tyro's current published standard rate for in-person card payments is 1.3% per transaction, including with the Tyro BYO smartphone app. Payment Links is a separate online rate of 1.4% including GST, and it is not added on top of the in-person rate. A promotional rate of 1% applies only to eligible merchants who meet Tyro's offer terms. Merchants should confirm any international, manually entered or other additional charges in their Tyro agreement.
Does Tyro charge a monthly fee?
Tyro charges a terminal rental fee based on the model: Pro Lite is $19/month, and Pro Touch and Pro Key are $29/month each. The Tyro BYO smartphone app has $0 monthly rental. Eligible merchants on Tyro's introductory offer pay $0 Tyro Pro terminal rental until 31 March 2027. Check your Tyro agreement for any other charges that apply to your plan.
Is Tyro cheaper than Square?
Tyro has the lower percentage rate: 1.3% compared with Square's 1.6% for accounts opened on or after 30 May 2024. Total ongoing cost depends on volume and terminal rental. Comparing standard processing fees plus one Tyro terminal rental, the break-even is approximately $6,333/month in card volume with a $19/month Pro Lite ($19 / (0.016 - 0.013)), and approximately $9,667/month with a $29/month Pro Touch or Pro Key ($29 / (0.016 - 0.013)). This excludes Square hardware purchase, paid software, promotional or custom rates and any card-specific extras. Square's Free plan has a $0 monthly subscription.
Is Tyro Payment Links an extra fee on top of the 1.3% in-person rate?
No. Payment Links is a separate online payment rate, published at 1.4% including GST for Visa and Mastercard payments and eligible American Express OptBlue payments. It applies to online payments taken through a payment link and is not a surcharge added to the in-person rate. Direct American Express agreements are treated differently. Check Tyro's Payment Links page for current conditions.
Who qualifies for Tyro's 1% introductory offer?
Not every new merchant qualifies. Under Tyro's offer terms, eligible merchants pay a 1% transaction fee, including GST, and $0 rental on Tyro Pro terminals until 31 March 2027, starting when the Electronic Payments Facility is activated. The completed application must be provided and approved, and the Merchant ID created, between 9am Sydney time on 22 September 2026 and 9am Sydney time on 24 November 2026. Monthly total transaction value must be over $20,000, and customised pricing is not available. You must not have been a Tyro merchant in the six months before the eligibility period. Franchise and corporate groups are excluded, as are referrals through any partner, reseller, referrer or third-party channel, applications to add a terminal to an existing Merchant ID, and Tyro BYO and Tyro eCommerce applications. No other promotional offer or discounted transaction rate can apply, and the 1% rate excludes Alipay and American Express transactions where the merchant has a direct American Express acceptance agreement. After 31 March 2027, 1.3% including GST and standard terminal rental apply, unless otherwise agreed in writing. Tyro may extend or withdraw the offer, and approved eligible applications are honoured if it is withdrawn.
Does Tyro have lock-in contracts?
Check your Tyro merchant agreement for the contract term and any cancellation conditions before signing.
How do the October 2026 card-surcharge changes affect Tyro merchants?
From 1 October 2026, Visa, Mastercard and eftpos no-surcharge network rules apply following changes by the RBA, and American Express has indicated it will remove surcharging from the same date. These rules operate through card networks, payment providers and merchant agreements and are set by the card networks. If you currently use a surcharging plan, including Tyro No Cost EFTPOS, check your Tyro merchant agreement and ask Tyro how the plan applies after 1 October 2026.
Can I use QwikPay alongside my Tyro terminal?
Yes. QwikPay is an additional payment option. Your Tyro terminal stays exactly where it is. QwikPay adds a QR code at the counter for customers who want to pay with zero transaction fees and earn Qwik Points rewards.