How do you choose the right EFTPOS machine for a small business?

Choosing the right EFTPOS machine for a small business is more than just a technical decision—it’s a critical step in building a seamless and efficient payment experience for your customers. Whether you run a bustling café, a retail store, or a mobile service, having a reliable, fast, and secure payment solution is essential to keeping operations smooth and customers satisfied. But with so many options available, how can you identify the one that’s best suited to your needs?

This guide is here to help. We’ll explore the key factors to consider when selecting an EFTPOS machine, from essential features like integration and portability to cost considerations and security measures. Along the way, we’ll show you how Tyro EFTPOS solutions are designed to empower small businesses by offering tailored devices, competitive pricing, and world-class customer support. Whether you’re just starting out or looking to upgrade your payment systems, Tyro has the tools to help your business thrive.

Assessing Your Business Needs

Understanding your business’s unique requirements is the first step to finding the ideal EFTPOS solution. From the size of your operations to the way your customers prefer to pay, each factor plays a role in determining what will work best for your business.

Identifying Your Business Type and Transaction Volume

Different industries have unique demands when it comes to payment processing:

• Hospitality businesses may need portable machines for tableside payments.
• Retail stores benefit from fast, integrated EFTPOS to handle high transaction volumes.
• Mobile service businesses require lightweight, portable options.
• Healthcare providers may prioritise integration with practice management systems for seamless operations.

If you’re unsure what’s best for your business, Tyro offers tailored solutions for various industries, ensuring you get the right EFTPOS machine for your operations.

Tailored EFTPOS Solutions from Tyro

Tyro provides EFTPOS machines designed to meet the specific needs of industries like retail, hospitality, and healthcare. From portable devices to fully integrated systems, Tyro ensures every small business has access to seamless payment solutions. Explore the EFTPOS comparison page to see how Tyro’s devices stack up.

Understanding Costs and Pricing Models

Rental vs. Purchase Options

Cost is a major factor for small businesses. Tyro offers both rental and purchase options to suit different budgets and needs:

• Renting: Lower upfront costs and the ability to upgrade to the latest models.
• Purchasing: Ideal for long-term cost savings if your business prefers to own its equipment outright.

Tyro’s merchant payment costs page provides detailed insights into payment processing fees and strategies to keep costs manageable.

Reducing Transaction Costs with Tyro

With features like Least Cost Routing, Tyro helps small businesses minimise transaction fees by routing payments through the most cost-effective network. For additional tips on saving money, check out 3 strategies for reducing card transaction fees.

Essential Features to Look for in an EFTPOS Machine

Contactless Payments and Mobile Compatibility

In today’s market, supporting contactless payments is non-negotiable. Tyro EFTPOS machines enable:

• Tap-and-go payments for faster transactions.
• Mobile wallet compatibility with Apple Pay, Google Pay, and Samsung Pay.

Built-In Receipt Printing for Convenience

Save time and reduce clutter with Tyro EFTPOS machines that come with built-in receipt printers. This feature simplifies the payment process for both staff and customers.

Discover more about how EFTPOS benefits businesses and enhances operational efficiency.

Evaluating Integration Options

Seamless POS Integrations

Integrated EFTPOS machines are a game-changer for small businesses, helping reduce errors and save time. Tyro’s devices integrate with over 300 POS and PMS systems, offering:

• Automatic reconciliation.
• Reduced manual data entry errors.
• Faster checkout times.

Learn how Tyro’s integrated EFTPOS solutions can streamline your operations.

The Importance of Reliability and Speed

Ensuring Uptime with Tyro

Slow or unreliable payment systems can frustrate customers and disrupt business. Tyro EFTPOS machines are designed for high reliability, offering:

• Fast transactions to reduce wait times.
• Backup options like mobile failover to ensure uptime during outages.

Read more about the benefits of portable payment devices for businesses that need flexible and reliable solutions.

Prioritising Security and Compliance

Advanced Security Features

Tyro ensures your customers’ sensitive payment information is protected with cutting-edge security features.

Compliance with Industry Standards

All Tyro EFTPOS machines meet strict PCI DSS standards, providing small businesses with peace of mind when it comes to data security.

Considering Ease of Use and Portability

Portable EFTPOS Options for On-the-Go Transactions

For businesses that operate outside traditional storefronts—such as mobile services, markets, or events—portability is key. Tyro Pro is a lightweight, portable EFTPOS option perfect for small businesses on the move.

Alternatively, explore Tyro’s portable EFTPOS reader on the Tyro Go page.

Reviewing Customer Support and Service Options

24/7 Support with Tyro

Running a small business means you need support when you need it most. Tyro offers:

• Dedicated customer service that is available 24/7.
• Local experts to ensure personalised support.

Why Tyro is the Best Choice for Small Business EFTPOS Solutions

Tyro is committed to empowering small businesses with payment solutions that deliver reliability, speed, and security. From comparing EFTPOS options to offering tailored devices like Tyro Go and Tyro Pro, Tyro ensures your business has everything it needs to thrive.

Take the next step and discover how Tyro can help your small business succeed. Learn more about Tyro EFTPOS solutions today!