Key facts
- • Tyro's standard merchant service fee is 1.3% per transaction (reduced from 1.4%)
- • Terminal rental tiers: Pro Lite $19/month, Pro Touch $29/month, Pro Key $29/month, BYO terminal $0/month
- • New customers processing $20,000+/month who join before 24 November 2026 pay 1% until 31 March 2027
- • Foreign card transactions attract an additional 0.4% fee
- • From 1 October 2026, surcharges on Visa, Mastercard, eftpos, and Amex are banned
- • Tyro integrates with 800+ POS systems
What does Tyro charge per transaction?
Tyro's published merchant service fee for in-person card payments is 1.3% per transaction. This is the standard rate after Tyro's recent reduction from 1.4%. Additional fees apply for foreign cards, keyed-in transactions, and currency conversion.
| Type | Fee | Monthly | Hardware |
|---|---|---|---|
| QwikPay | $0.00Zero fees | Free 12 months, then from $19.99/mo | None - QR code only |
| Tyro standard | 1.3% | From $19/mo (Pro Lite) | Terminal rental |
| Tyro promotional | 1% until 31 March 2027 | From $19/mo | Terminal rental |
| Foreign card | 1.3% + 0.4% | From $19/mo | Terminal rental |
| Payment Links (online) | 1.4% | From $19/mo | N/A |
Rates are Tyro's published standard rates. The 1% promotional rate applies to new customers processing $20,000+/month who join before 24 November 2026. Verify 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 |
| BYO terminal | $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. BYO allows merchants to use a compatible third-party terminal with Tyro's network at no monthly rental.
Tyro's 1% promotional rate
New Tyro customers processing more than $20,000 per month who join before 24 November 2026 qualify for a promotional rate of 1% until 31 March 2027. After that date, the standard rate of 1.3% applies. This is a time-limited offer. Confirm current promotion terms and eligibility directly with Tyro before making a decision based on this rate.
What is Tyro No Cost EFTPOS?
Tyro's No Cost EFTPOS is a surcharging pricing plan that applies a surcharge to customers at point of payment. From 1 October 2026, this model is no longer available for Visa, Mastercard, eftpos, or Amex transactions. Contact Tyro before October to understand your options if you currently use this plan.
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, Tyro merchants cannot add a surcharge to Visa, Mastercard, eftpos, or Amex transactions. The 1.3% fee stays and comes out of your margin. Merchants using No Cost EFTPOS need to contact Tyro to understand their options.
Full card-surcharge changes guide →The only option with $0 transaction fees and instant settlement
Tyro charges 1.3% on every card transaction and settles funds the next business day. 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. Settlement is instant and on-demand, withdraw to your bank account whenever you choose, not when your provider decides. QwikPay sits alongside your existing terminal as an additional payment option. Your current setup stays exactly where it is.
Start accepting zero-fee paymentsHow Tyro compares to other providers
| Provider | Transaction fee | Monthly | Settlement |
|---|---|---|---|
| QwikPay | $0.00Zero fees | Free 12 months, then from $19.99/mo | None - QR code only |
| Tyro standard | 1.3% | From $19/mo | Next business day |
| Westpac EFTPOS machine | 1.2% | $24.75/device | Next business day |
| Square | 1.6% | None | Next business day |
| Zeller (in-person) | 1.4% | None | Next business day |
| Stripe (in-person) | 1.7% + $0.10 | None | 2 business days |
Frequently asked questions
What is Tyro's transaction fee?
Tyro's standard merchant service fee for in-person card payments is 1.3% per transaction. Additional fees apply for foreign cards (+0.4%), keyed-in transactions (+0.165%), and Payment Links (1.4% for online). A promotional rate of 1% applies to eligible new customers until 31 March 2027.
Does Tyro charge a monthly fee?
Tyro charges a terminal rental fee based on the model: Pro Lite is $19/month, Pro Touch and Pro Key are $29/month each. BYO terminal carries no monthly rental. There is no separate monthly account fee.
Is Tyro cheaper than Square?
At most transaction volumes, Tyro's 1.3% rate is cheaper than Square's 1.6%. The terminal rental adds a fixed monthly cost. At $19/month rental (Pro Lite), the break-even point is approximately $6,333/month in card volume. At $29/month rental, it is approximately $9,667/month. Above those volumes, Tyro works out cheaper in total.
Does Tyro have lock-in contracts?
No. Tyro does not require long-term contracts. Merchants can leave without cancellation penalties.
What happens to Tyro No Cost EFTPOS after October 2026?
Tyro's No Cost EFTPOS model passes the card transaction fee to the customer as a surcharge. From 1 October 2026, surcharges on Visa, Mastercard, eftpos, and Amex are banned. No Cost EFTPOS as currently structured will not be available for standard card payments after that date. Contact Tyro for your options.
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 fees and earn Qwik Points rewards.