Tyro vs Square
Helping you find the EFTPOS machine provider that’s the best choice for your business.
Why businesses choose Tyro
For the past 21 years, we’ve been committed to helping our thousands of Aussie businesses grow and succeed, by offering a flexible payment solution which is fast, easy to use and secure. You know your business best, so we integrate with over 330 POS/PMS systems to empower you to setup your payments without limitations. Best of all, enjoy the freedom of no lock-in contracts and get back to what’s really important; running your business.
No lock-in contract
We won’t lock you into a contract or make you pay any exit fees.
Seamless integration
We integrate directly with over 330+ POS/PMS providers to simplify your payments process.
Keep cash flowing
Settlements into a Tyro Bank Account are paid 7 days a week — even on public holidays. *
We’re here to help
Our Aussie-based support team is here for you 7 days a week with 24/7 emergency support.
Our Customer Feedback
See what our customers are saying on Trustpilot about their experiences.
Tyro vs Square
Compare EFTPOS solutions and make the choice that’s right for your business.
Competitive data on this page was collected on 19/03/2024 and is based on information found on squareup.com. This information is subject to change or update without notice. This page is for informational purposes only. You should contact the Tyro team for assistance in choosing the product that is right for you and most applicable to your business circumstances.
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|---|---|---|
| EFTPOS machine | Tyro Pro EFTPOS machine $29/month (Incl. GST) | Square terminal $329 |
| Transaction fees | 1.4% per transaction* | 1.6% per transaction |
| Next day business settlement to external bank account |  |
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| Same-day settlement of funds | Into a Tyro Bank Account1 |
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| Integration with 330+ POS/PMS providers | |
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| Built-in mobile network backup | |
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| AMEX OptBlue | |
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| Pay@Table integration | |
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| 6-inch HD touchscreen | |
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| On-device transaction history and reporting | |
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| No Cost EFTPOS option | |
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| Least cost routing | |
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| Phone support | 7 days a week with 24-hour emergency support | 9am-5pm Monday-Friday |
| EFTPOS machine repair | Free for non-physical damage | Limited Warranty |
A big time EFTPOS solution.
Spend less time on your payments and more time on your customers with the Tyro Pro, a versatile and feature-packed device designed to adapt to your needs. Use on its own or integrate with your choice of Point of Sale system for a streamlined payment experience.
A pricing structure that suits you.
Tyro understands that businesses have different needs. Whether you prefer a simple flat rate, custom pricing, or the freedom of a No Cost EFTPOS ^ solution, Tyro has a pricing structure that aligns with your business, supporting its growth.
Seamless EFTPOS integration with over 330 POS/PMS systems.
Our solution provides the flexibility to switch your POS/PMS system, enabling your business to adapt and scale effortlessly as it grows. That means smoother processes for payments, reporting, and reconciliation; without the constraints of a pre-bundled solution.
Keep cash flowing and business growing with Tyro.
Did you know? We do banking too. Our business banking suite comprises the Tyro Bank Account, the Tyro Business Loan and Business Term Deposit. Enjoy same-day settlements * and fast loans of up to $350,000 which get paid back automatically as you trade §.
Make your business work better
Team up with Tyro for a seamless business banking experience.
| Tyro | Square | |
|---|---|---|
| Fee-free business bank account with same-day settlement * | ✓ | ‒ |
| Earn interest on the balance in your Tyro Bank Account | ✓ | ‒ |
| 24/7 mobile banking | ✓ | ‒ |
| Business lending up to $350,000 approved in under 60 seconds § | ✓ | ‒ |
From feature-rich payment solutions, to easy business banking products
We’ve got you covered, whatever your business needs.
Why Just Cuts opt for Tyro
Fletcher Kidd, owner of eight Just Cuts salons, puts his trust in Tyro EFTPOS. “Tyro’s integration with the Just Cuts point of sale system has allowed my business to minimise manual entry [and the mobile] backup has helped our business,” he says. “There’s been numerous times such as when an internet service provider’s gone down, we’ve still been able to use tap and pay.”
Read on
Switching to Tyro is easy
Switching to Tyro is easy. Simply provide a few details about your business and we’ll reach out to get you started.
Frequently asked questions
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Does Tyro integrate with Square?
Tyro does not integrate with Square; however, Tyro seamlessly integrates with 330+ POS/PMS systems. Check out the full list at https://www.tyro.com/pos-partners/.
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Do I need Tyro EFTPOS and/or eCommerce to open a Tyro Bank Account or Tyro Business Loan?
Yes. The Tyro Bank Account and Tyro Business Loan are only available to Tyro EFTPOS or eCommerce customers.
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How long does it take to receive my Tyro EFTPOS machine(s)?
Once your EFTPOS application is submitted and has been approved, you should receive your EFTPOS machine(s) in 3-5 business days (metro areas).
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Is the Tyro Bank Account free?
Yes. The Tyro Bank Account is completely fee-free. No set up fee, no account keeping fees and no transfer fees.
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