{"id":15414,"date":"2020-11-10T15:50:00","date_gmt":"2020-11-10T05:50:00","guid":{"rendered":"https:\/\/www.tyro.com\/?post_type=knowledge-hub&#038;p=15414"},"modified":"2023-08-23T12:40:16","modified_gmt":"2023-08-23T02:40:16","slug":"how-do-i-reduce-my-card-transaction-fees","status":"publish","type":"knowledge-hub","link":"https:\/\/www.tyro.com\/knowledge-hub\/how-do-i-reduce-my-card-transaction-fees\/","title":{"rendered":"How do I reduce my card transaction fees?"},"content":{"rendered":"\n<p class=\"wp-block-cgb-text gutenberg-examples-align-none\">As more customers in Australia choose to pay using EFTPOS, you may have to pay more in debit and credit card transaction fees. The more you know about reducing these fees, the better.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><br><br>Know how customers pay<\/h5>\n\n\n\n<p class=\"wp-block-cgb-text gutenberg-examples-align-none\">As a first step, you should know how your customers prefer to pay.<br\/><br\/>If you\u2019re a Tyro customer, you can do this in the Tyro Portal. Download your latest invoice \u2013 this lists the mix of cards your customers use and shows you how much it costs to accept each card type.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><br><br>Rate strategies<\/h5>\n\n\n\n<p class=\"wp-block-cgb-text gutenberg-examples-align-none\">Once you have an idea of the mix of cards your customers like to use, then you can start thinking strategically about how to reduce fees.<br\/><br\/>For example, if you use Tyro and your customers love contactless payments, then you can reduce your fees by using <a href=\"https:\/\/www.tyro.com\/solutions\/payments\/eftpos\/features\/tap-save\/\">Tyro Tap &amp; Save<\/a> &nbsp;<sup class=\"disclaimer\" data-disclaimer=\"0\">*<\/sup>. <br\/><br\/>Tyro\u2019s Tap &amp; Save processes contactless debit card transactions through the lower cost network for transactions less than $1,000. This means you\u2019ll be charged a lower rate for the transaction \u2013 reducing your merchant service fees.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><br><br>Recover fees with surcharging<\/h5>\n\n\n\n<p class=\"wp-block-cgb-text gutenberg-examples-align-none\">You can add an additional charge to the customer\u2019s transaction to cover most or a portion of the cost of processing credit and debit card payments.<br\/><br\/>Just remember that surcharging is regulated, and you\u2019re not allowed to add a surcharge that\u2019s greater than the cost of accepting a payment by credit or debit.<br\/><br\/>That\u2019s why we have provide a handy Cost Of Acceptance calculator that helps you determine what is a reasonable surcharge.<br\/><br\/>With Tyro, not only can you set and apply a surcharge for most cards, you can feel comfortable in doing so.<br\/><\/p>\n\n\n\n<p class=\"has-small-font-size\">Surcharging is available for Mastercard, Visa, eftpos, UnionPay, American Express, JCB, and Diners Club.<\/p>\n\n\n<div id=\"knowledge-hub-helpful\" class=\"knowledge-hub-helpful\" data-post-id=\"15414\">\n    <div class=\"helpful-container\">\n                    <p>Was this helpful?<\/p>\n            <div class=\"helpful-button\">\n                <button class=\"btn inverse\" data-value=\"1\">Yes<\/button>\n                <button class=\"btn inverse\" data-value=\"0\">No<\/button>\n            <\/div>\n            <\/div>\n    <div class=\"contact-container hide-on-med-and-down\">\n        <p class=\"call-us\">Call us: \n    <a href=\"tel:1300 00 8976\">\n        1300 00 8976    <\/a>\n<\/p>        <span style=\"display: block;\">Aussie support available 7 days a week, visit <a href=\"\/support\" target=\"_blank\">Contact us<\/a><\/span>\n    <\/div>\n<\/div>\n\n<div class=\"knowledge-article-banner\">\n    <div class=\"banner-left\">\n        <div class=\"icon\">\n            <img decoding=\"async\" src=\"https:\/\/www.tyro.com\/wp-content\/themes\/tyro\/assets\/img\/icons\/icon-eftpos.svg?v=6\" class=\"\" width=\"56\" alt=\"\" \/>        <\/div>\n        <div class=\"content\">\n            <h4 class=\"banner-title\">Better business banking with Tyro EFTPOS and eCommerce<\/h4>\n            <p class=\"banner-desc\">With the Tyro App alongside the right EFTPOS solution and business bank account, achieving your business goals becomes a whole lot easier.<\/p>\n        <\/div>\n    <\/div>\n    <div class=\"banner-right\">\n\n                    <div class=\"btn wp-block-button\">\n                <a class=\"wp-block-button__link\" href=\"https:\/\/www.tyro.com\/get-started\/\" target=\"_self\">Get started<\/a>\n            <\/div>\n        \n    <\/div>\n<\/div>\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"parent":0,"template":"","knowledge-hub-category":[10264],"class_list":["post-15414","knowledge-hub","type-knowledge-hub","status-publish","hentry","knowledge-hub-category-tyro-eftpos"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v24.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How do I reduce my card transaction fees? 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