Tyro is one of Australia's largest payment providers — but 3-year contracts, hardware lock-in and rates that rarely get reviewed mean many merchants are quietly overpaying.
What Tyro actually charges Australian merchants in 2026.
Tyro uses blended rates depending on your card mix and volume negotiated at signup. The actual rate varies — your contract will specify the exact figure.
Terminal rental is charged monthly depending on the terminal model. This is on top of the transaction rate and continues for the duration of your contract.
Most Tyro merchants on hardware plans are on 3-year contracts. Early exit fees apply. If you signed in 2023 or earlier, you may be locked until 2026 or 2027.
Your rate is agreed at contract signing and is not automatically reviewed during the term. The market has moved since 2022–2023. Many merchants are paying rates that are no longer competitive.
Tyro uses Linkly-based integration and works with most major POS systems in Australia — hospitality, retail, healthcare. This is a genuine strength.
Certain Tyro terminal configurations restrict surcharging. Check your setup before the RBA ban takes effect — you may already have limited surcharging capability.
How Tyro compares to other payment providers in Australia.
| Provider | Rate | Terminal Fee | Monthly Fee | Lock-in | Negotiable | Best For |
|---|---|---|---|---|---|---|
| Tyro | 1.2–1.8% blended | $29–$49/mth rental | $0 | 3yr common | Rarely | Mid-size retail / hospitality |
| Square | 1.6% flat | $0 | $0 | No | No | Low volume |
| Zeller | 1.4% flat | $0 | $0 | No | No | Small business |
| UrPay Recommended | 0.85–1.4% negotiated | $0 | $0 | No | Yes — always | Any size, 500+ POS |
Three-year contracts made sense when Tyro was acquiring merchants fast. They look different in 2026 with a surcharge ban on the horizon.
Most Tyro merchants on terminal rental arrangements are locked to 3-year contracts. Early termination typically involves paying remaining terminal rental plus a possible break fee. Check your contract for your specific terms.
Tyro rates are set at contract signing. They are not automatically reviewed during the term. The payments market has shifted since 2022–2023 — what was competitive then may not be now.
Rates locked before the RBA surcharge ban announcement were priced assuming merchants would pass costs on via surcharging. That assumption no longer holds from 1 October 2026. Your contract rate was not designed for a no-surcharge environment.
If you are within 6 months of contract expiry, you are in a strong negotiating position. If you are mid-contract, understand your exit costs before assuming you are stuck. Costs are often lower than merchants assume.
Know where you stand before your contract renewal. Free, no obligation, 24hrs.