{"id":15418,"date":"2020-11-10T15:53:52","date_gmt":"2020-11-10T05:53:52","guid":{"rendered":"https:\/\/www.tyro.com\/?post_type=knowledge-hub&#038;p=15418"},"modified":"2023-08-23T12:48:37","modified_gmt":"2023-08-23T02:48:37","slug":"why-do-i-need-an-eftpos-machine","status":"publish","type":"knowledge-hub","link":"https:\/\/www.tyro.com\/knowledge-hub\/why-do-i-need-an-eftpos-machine\/","title":{"rendered":"Why do I need an EFTPOS machine?"},"content":{"rendered":"\n<p class=\"wp-block-cgb-text gutenberg-examples-align-none\">With contactless payments now the norm in Australia, there are many benefits of having an EFTPOS machine. It\u2019s a must for businesses that regularly accept payments for goods and services.<br\/><br\/>But, like any new solution it pays to weigh up the advantages that EFTPOS will deliver for your business. We have listed out some of these below:<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><br><br>1. Lower staff overhead costs<\/h5>\n\n\n\n<p class=\"wp-block-cgb-text gutenberg-examples-align-none\">Reconciliation takes a lot of your time each day and we know that cash in particular takes time to count (and recount). Then it takes some more time to go and deposit it at the bank each day.<br\/><br\/>With EFTPOS, you significantly reduce the amount of time your staff spend on reconciling the daily takings \u2013 which means more time back for your business.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><br><br>2. Less risk of theft<\/h5>\n\n\n\n<p class=\"wp-block-cgb-text gutenberg-examples-align-none\">Cash is much easier to steal than electronic payments. Electronic payments via EFTPOS are fully transparent and traceable.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><br><br>3. Lightning-fast transactions<\/h5>\n\n\n\n<p class=\"wp-block-cgb-text gutenberg-examples-align-none\">Contactless payments via EFTPOS are so much faster than handling cash.<br\/><br\/>For example, Tyro\u2019s sub-1.5 second transactions help businesses bust the queues and get more people through the checkout.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><br><br>4. Accept more payments<\/h5>\n\n\n<div class=\"container\">\n\t<div class=\"row\">\n\t\t<div class=\"col s12\">\n\t\t\t<div class=\"full-width-image\">\n                <img class=\"full-width-image\" srcset=\"https:\/\/www.tyro.com\/wp-content\/uploads\/2020\/11\/tyro-accepted-payments-logos-960x253.png 960w, https:\/\/www.tyro.com\/wp-content\/uploads\/2020\/11\/tyro-accepted-payments-logos.png 1920w, https:\/\/www.tyro.com\/wp-content\/uploads\/2020\/11\/tyro-accepted-payments-logos.png 3840w\"src=\"https:\/\/www.tyro.com\/wp-content\/uploads\/2020\/11\/tyro-accepted-payments-logos-960x253.png\" alt=\"\" sizes=\"(min-width: 993px) 1920px, 100vw\" loading=\"lazy\"\/>\n                <img class=\"full-width-mobile\" srcset=\"https:\/\/www.tyro.com\/wp-content\/uploads\/2020\/11\/tyro-accepted-payments-logos-676x178.png 676w, https:\/\/www.tyro.com\/wp-content\/uploads\/2020\/11\/tyro-accepted-payments-logos.png 1352w\"src=\"https:\/\/www.tyro.com\/wp-content\/uploads\/2020\/11\/tyro-accepted-payments-logos-676x178.png\" alt=\"\" sizes=\"(min-width: 993px) 676px, 100vw\" loading=\"lazy\"\/>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n\n<p class=\"wp-block-cgb-text gutenberg-examples-align-none\">Customers today want to pay in a variety of ways. You may have a mix of corporate customers, tourists, people young and old \u2013 each with their own preferred ways of paying. With the right EFTPOS solution in place, you can cater to a variety of customer needs.<br\/><br\/><a href=\"https:\/\/tyrostg2.wpengine.com\/knowledge-hub\/what-are-merchant-fees\/\">Learn more about merchant fees<\/a><\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><br><br>5. Every transaction is logged<\/h5>\n\n\n\n<p class=\"wp-block-cgb-text gutenberg-examples-align-none\">As every transaction is logged, you\u2019ll get a clear picture of your takings so you can better plan your business.<br\/><br\/>With cash, every transaction may not be captured and as a result you may not get the insights you need and potentially, you may even lose track of transaction which could open you up to fraud.<\/p>\n\n\n\n<p class=\"has-small-font-size\">Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.<\/p>\n\n\n\n<p class=\"has-small-font-size\">Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries.<\/p>\n\n\n\n<p class=\"has-small-font-size\">Google Pay is a trademark of Google LLC.<\/p>\n\n\n<div id=\"knowledge-hub-helpful\" class=\"knowledge-hub-helpful\" data-post-id=\"15418\">\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-15418","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>Why do I need an EFTPOS machine? 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