4 business benefits of adopting an online payment system

In 2026, having online payment integration is a must for any business! We look at how Tyro's online payments can help.

Being able to take online payments isn't just about being able to sell via your company's website. It can also unlock a range of other business benefits.

With Tyro's online payment system, you're able to better service customers and streamline a range of backend processes.

Let's take a closer look at some of the key considerations.

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1. Reach more customers

Whenever you introduce a new system to your business, you need to think about whether it's going to help or hinder your ability to reach more customers.

Adding Tyro Online Payments obviously allows for increased e-commerce potential.

But there's more that can benefit your customers, too.

By partnering with Tyro, you can open up how people can pay.

You're able to accept most major cards like Visa, Mastercard^®2, eftpos, American Express and JCB.

Additionally, you can accept digital wallets like Apple Pay³, Google Pay⁴, and Samsung Pay⁵.

Payment Links⁶ from Tyro also allow you to request online payments via a simple link sent through your Tyro Portal.

All of these options give customers more ways to spend with you -- which in turn allows you to reach a broader customer base.

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2. Personalise a seamless customer experience

Of course, there's more to the customer experience than having a plethora of ways to pay.

It's also important for them to have a positive experience end-to-end.

Tyro Online Payments allows for card tokenisation.

This enables better customer card security.

But even more importantly, it also enables them to have a more seamless experience with your company, across multiple channels.

Tools such as loyalty programs can carry across from in-store to app to site.

You're also able to customise your checkout experience with company-specific or branded offers.

When handled carefully, having these features in place can help reduce cart abandonment and potentially even upsell before the purchase is finalised.

And if a return is necessary, you can deliver them cross-channel refunds, too. They'll be able to allow customers to buy online and return in-store.

These touches can add up to a much more positive customer experience. In turn, this means they're more likely to be repeat customers too.

3. Effective POS integration

If you're a franchisee, SaaS provider or multi-location, it's crucial to provide a consistent experience for your customers across all your touchpoints.

Having the right POS system in place is a key part of this process. You can learn more about it on the Tyro Small Business Hub.

But it's also about the payment systems you use in the backend, too.

Tyro Online Payments integrates with a wide range of POS systems -- more than 450!

Not only can this mean a better experience for customers, but it can also mean easier reporting for you.

And that brings us to our last point...

4. Easier administration for you

Last, but definitely not least, it's crucial to ensure that a new online payments provider will streamline your internal processes.

Because Tyro provides a single solution for both your in-person and online payments, you're able to see a unified overview of your takings.

This allows for a more straightforward reconciliation and reporting process, saving you time and energy.

You're also able to schedule invoices and recurring payments for your organisation.

Additionally, if you have a Tyro Transaction Account, you can also connect to Xero or MYOB and generate automated bank feeds.

You can also read more about Tyro Transaction Accounts right here on Finder, too.

Learn more about online payments with Tyro today

More information about Tyro

Tyro Payments Limited ACN 103 575 042 AFSL 471951 (Tyro) is the issuer of its own financial products. As Tyro does not take into account your personal circumstances, please consider if these products are suitable for you. T&Cs available at http://Tyro.com. You can contact Tyro on 1300 00 TYRO (8976) or http://tyro.com/support/ and access Tyro's dispute resolution process at tyro.com/complaint-resolution-process/.

1. 99.99% uptime over the past 3 years. Based on FY23, FY24 & FY25. Find out more

2. Mastercard is a registered trademark of Mastercard International Incorporated.

3. Apple Pay is a trademark of Apple Inc., registered in the U.S. and other countries and regions.

4. Google Pay is a trademark of Google LLC.

5. Samsung and Samsung Pay are trademarks of Samsung Electronics Co., Ltd.
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6. Card-not-present transactions, including transactions using Payment Links and Virtual Terminal, involve a higher fraud and chargeback risk than transactions where the card is present. You, not Tyro or the cardholder, are liable for all chargebacks: see the Electronic Payments Facility Terms and Conditions at www.tyro.com/terms-and-conditions/. For further information about the risks associated with chargebacks, please refer to Tyro's Chargebacks and Disputes Guide at www.tyro.com/blog/chargebacks-disputes-guide/. For any transactions processed through Payment Links and Virtual Terminal, you will be charged a rate of 1.4% (incl. GST) of the transaction value per transaction for Visa and Mastercard domestic and international card payments. You will be invoiced for transactions processed through Payment Links and Virtual Terminal, even if you are on a No Cost EFTPOS pricing structure. Payment Links come with 3-Domain Secure (3-D Secure or 3DS) which is a security protocol that adds an additional layer of security to online purchases by requiring cardholders to authenticate themselves with the card issuer when making payments. It helps to prevent unauthorised online transactions, reducing the risk of fraud, and can protect you (merchant) from chargebacks if the transaction is authenticated successfully. Some business types (MCCs) may be excluded from card-not-present transactions, using Payment Links and Virtual Terminal.