The world of on the go payments is yours with Bendigo Bank powered by Tyro

No matter what size or type of business you operate, there’s one thing every business has in common: taking payments.

Australians prefer the convenience of making electronic payments. The latest Reserve Bank of Australia research shows about 75 percent of transactions in 2022 used debit and credit cards, and 95 percent of these purchases used contactless payments.

But what if your business needs the flexibility to take payments in a way that traditional EFTPOS can offer?

Welcome to the world of mobile payment technology – user friendly, convenient and safe ways to take payments on the go.  

Which option is right for me?

The right option for you will depend on the type of business you run and the flexibility you need. 

Here’s what you need to know;

Tap to Pay on iPhone with the Tyro BYO App

Tap to Pay on iPhone with the Tyro BYO App is a user-friendly and convenient payment solution. You can accept all types of in-person, contactless payments on your iPhone. This includes everything from physical debit and credit cards to Apple Pay and other digital wallets.

The best part? No extra terminals or hardware are needed. You can forget the hassle with charging hardware or the Bluetooth wireless connection. All you need to do is enter the transaction amount in the Tyro BYO App and prompt the customer to tap their card or device on your iPhone.¹

Tap to Pay on iPhone and the Tyro BYO App uses iPhone features for data safety so it’s easy, secure and private to use, with no customer data stored.² Payments are made easily using Near Field Communication (NFC). This is the technology that allows two devices to communicate wirelessly when they're close together.¹

You can track insights and data to the minute, and there are no setup or hardware fees. You’ll only pay a 1.4% fee per transaction (inc GST).⁵

What about EFTPOS machines?

CounterTop EFTPOS machines and Mobile EFTPOS machines are ideal for businesses with a bricks and mortar store that want a fast payment solution for high volume sales. 

You can switch between CounterTop and Mobile EFTPOS machines, or add an on-the-go payment solution to your toolkit.  You’ll also have 24/7 local support and excellent reporting functions, including reconciliation, report downloads and transaction tracking.

Both are popular choices for hospitality, services, health and retail, industries that receive high volume transactions and need fast, cost-effective and customised payment solutions.

With the capability to integrate with over 330 Point of Sale and Practice Management System software providers, these machines are a great option for businesses with more complex requirements.⁴ Integrations help businesses streamline their operations by unlocking a range of industry specific features.

They accept contactless payments via credit cards, EFTPOS and digital wallets and integrate with point of sale and payment management services to offer streamlined payment solutions. 

CounterTop and Mobile EFTPOS machines cost $29 per month (inc. GST) for the machine rental, and 1.4% credit card surcharge per transaction (inc. GST).⁵

Visit our EFTPOS page for more information about Bendigo Bank EFTPOS powered by Tyro machines or chat with a payments expert today on 1300 108 976.