Key facts
- • Tyro's standard merchant service fee is 1.4% per transaction
- • Terminal rental is $29/month - waived above $10,000/month
- • Foreign card transactions attract an additional 0.4% fee
- • From October 2026, surcharges 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 1.4% per transaction. 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 | 1.4% | $29/mo (waived above $10K/mo) | Terminal rental |
| Foreign card | 1.4% + 0.4% | $29/mo | Terminal rental |
| Keyed-in | 1.4% + 0.165% | $29/mo | Terminal rental |
Rates are indicative and may vary. Verify current rates directly with Tyro.
Terminal rental costs
Tyro's standard model is terminal rental at $29/month. This fee is waived for merchants transacting over $10,000 per month. A Tyro terminal at $29/month costs $348/year in rental. Compare this to Square's hardware from $65 one-off with no ongoing cost.
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 changes. The RBA's surcharge ban means merchants can no longer pass card fees to customers. Contact Tyro before October to understand your options.
What is Tap & Save?
Tap & Save is Tyro's least-cost routing for contactless debit transactions. It automatically routes transactions over the cheapest available network. Tyro claims merchants save an average of 8.5% on merchant service fees through Tap & Save.
October 2026 surcharge ban impact
From 1 October 2026, Tyro merchants can no longer add a surcharge to Visa, Mastercard, or EFTPOS transactions. The 1.4% fee stays and comes out of your margin.
Full RBA surcharge ban guide →The only option with $0 transaction fees and instant settlement
Tyro, Square, and Zeller all charge a percentage of every card transaction and settle funds the next business day. QwikPay charges merchants nothing per transaction. Payments are processed through the QwikPay wallet via QR code, not through a card network. 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.
Apply free - 12 months free if you sign up before 30 August 2026Frequently asked questions
What is Tyro's transaction fee?
Tyro's standard merchant service fee for in-person card payments is 1.4% per transaction. Additional fees apply for foreign cards (+0.4%), keyed-in transactions (+0.165%), and currency conversion (+0.4%). Custom pricing is available for merchants processing over $20,000 per month.
Does Tyro charge a monthly fee?
Tyro charges a terminal rental fee of $29 per month. This rental fee is waived for merchants transacting over $10,000 per month. There is no separate monthly account fee.
Is Tyro cheaper than Square?
At high transaction volumes, Tyro's 1.4% rate is cheaper than Square's 1.6%. However Tyro's terminal rental adds a fixed monthly cost that narrows or eliminates that saving for lower-volume merchants. The break-even point is approximately $14,500 per month in card volume.
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 the surcharge ban?
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, and EFTPOS are banned. No Cost EFTPOS as currently structured will not be available for standard card payments after that date.
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.