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 Settlements are paid 7 days a week when the daily takings from your Tyro Electronic Payments facility are settled into the Tyro Transaction Account. Settlement occurs at 12am (Sydney time) each day and should be available in the account shortly after. Applies to Tyro settled funds only - excludes HealthPoint and funds settled directly by Afterpay, American Express, and JCB.
2Tap & Save:
Tyro does not guarantee any cost savings by opting in for Tap & Save. Savings on eligible transactions processed through the cheapest network vary for each business depending on their card mix, transaction volume and amount, industry, and pricing plan. Eligible transactions are contactless debit card transactions. Tap & Save is not available on Special Offer pricing or Card Not-Present Transactions. For details refer to Tyro.com or call 1300 00 TYRO (8976).
Dynamic Surcharging:
Dynamic Surcharging is available for Mastercard, Visa, eftpos, UnionPay, American Express transactions. The Dynamic Surcharging feature is not available for eCommerce transactions or to customers on No Cost EFTPOS pricing. By default, we do not include your EFTPOS machine rental costs into the calculation of your cost of acceptance, however you may choose to apply these costs into your calculation of your cost of acceptance via the Tyro Portal subject to the surcharging rules as set by the RBA and enforced by ACCC and, in relation to American Express transactions, the American Express Merchant Operating Guide (found at http://www.americanexpress.com.au/merchantopguide).
3Settlements are paid 7 days a week when you meet the following eligibility criteria:
- The daily takings from your Tyro EFTPOS and/or eCommerce facility are settled into the Tyro Transaction Account; and
- The Flexible Settlement Allocation feature is configured to leave a percentage of your daily takings in the Tyro Transaction Account each day.
Available settlement times are from 8pm to 5am (Sydney time). Excludes Alipay, HealthPoint and funds settled directly by Afterpay, American Express, JCB.
4Card-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.