Saw this at Telstra website, seems a good deal!
Your EFTPOS, made effortless
Make your first $15K of sales fee-free, plus access flat-rate payments with no lock-in contract with Tyro.
Telstra exclusive offer for first $15K transactions fee-free, then initial 1.6% flat rate to customers who sign up with Tyro. Offer ends 31 Jan 2022.
It's far worse than any major bank EFT machine tho.
Have seen many shop owners gave up with POS integration and just manually punch the price every time.
I find live EFTPOS the best rate. It's obviously sales based but I couldn't get anyone within .3%
1.60% (Visa / Mastercard / American Express)*
32c (Debit)*
Are the best rates?
Like I said it's sales based, mine is far lower, I just suggest making a few calls to see what you can get.
Also per the terms tyro reserve the rights to increase the rate at anytime. So if you have low sales I don't know if you can rely on this staying at this rate.
Is this a free way to cash out all those discounted Visa Gift Cards people have been buying from ColesWorth?
More likely any payment will need to be reported to ATO as income.
Good point!
It's not revenue though explainable to ATO?
How it's not revenue?
You apply as a business and then take payments.
Cheers. Going to apply for one
Good that there’s no lock in with Tyro. This is the same Tyro that breached data laws back in Dec 2020 and then had a week long outage in 2021. Must have improved following all the issues they had in the past - just something to take note of.
Yeah the reviews don't look great from what I read
it was used to be very high ratings, most low rating reviews were coming from the January outage (hardware supplier- worldline provided some buggy machines)
i have got lots of positive feedback from current clients, why not give a try of its first free 15k and have a feeling about it
It's good to hear that it's jumping back. Still not for me, my current rates are under 1%
hard to gauge if its a good deal with no monthly fees mentioned (but no doubt apply)