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

16 August 2023 | 6 min read

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.  

What is on-the-go technology and how will it benefit me?

There are two, new on-the-go payment technologies offered by Bendigo Bank and powered by Tyro; Tap to Pay on iPhone with the Tyro BYO App1 and the Go EFTPOS reader.

These technologies allow businesses to take payment for services and products

They are seamless and secure payment solutions for any business that can be used on their own or paired with traditional EFTPOS facilities as a complete payments solution. This is ideal for businesses that have a fixed and a popup shopfront, like a weekend market or fair stall.

On-the-go technology can be used at the same time as EFTPOS machines allowing you to queue bust during peak times. 

But they are real game changers for microbusinesses or sole traders who need cost-effective, flexible solutions to take payments on-the-go, with little or no additional hardware required.

Rather than spending downtime generating invoices and waiting weeks for payment, or sharing business account details, business operators like tradespeople or personal trainers can take credit and debit card payments at the same time their product or service is being delivered.

On-the-go payment technologies also make running business simpler and easier with next day settlements3, and insight and data tracking technologies to help manage cash flow.

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

Go EFTPOS reader

Go EFTPOS is a portable, compact and light EFTPOS reader that fits comfortably in your pocket. Simply pair it with your smart device or tablet and it’s ready to use.    

The Go EFTPOS reader is compatible with Apple and Android smart devices or tablets and designed to be wireless, so it’s easy to set up and takes payments in moments. All you need to do is open the Tyro Go App, enter the amount and take the payment. You can also place it on your countertop for a sleek payment solution in your store, and use it during busy periods in addition to other payment facilities. 

Go EFTPOS accepts most contactless payments, credit card, EFTPOS and digital wallets and integrates with your existing point-of-sale system. You can track transaction insights and data from the Tyro Go App and Tyro App and send branded digital receipts by email to your customers – no paper receipts necessary. 

There’s no monthly charge, only a one-off cost of $59.95 (inc. GST) to buy the reader, and 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.

Any advice provided in this article is of a general nature only and does not take into account your personal needs, objectives and financial circumstances. You should consider whether it is appropriate for your situation. Please read the applicable product disclosure statement(s) on our website before acquiring any product.
1Businesses are required to use their own iPhone. Tyro BYO App is free to download via the App Store. Tap to Pay on iPhone requires iPhone Xs or later running iOS 15.5 or later and a supported payment app. Some contactless cards may not be accepted by your payment app. The Contactless Symbol is a trademark owned by and used with permission of EMVCo, LLC. For more details, see
2Tap to Pay on iPhone uses the in-built features of iPhone to keep your business and customer data private and secure. Apple doesn’t store card numbers on the device or on Apple servers
3Next day settlements are only available where settlement funds are deposited into the Bendigo Bank account. Applies to Tyro settled funds only - excludes funds settled directly by Afterpay, American Express, JCB and Diners Club.
4POS/PMS integration not available on the Go EFTPOS reader. Please refer to Tyro.
com- external site for the full list of Point of Sale (POS) systems that currently integrate with Tyro.
5Applies to Visa, Mastercard, eftpos and UnionPay transactions. Transaction costs for American Express/JCB, Alipay, Buy Now Pay Later and MOTO available on application. Other fees may apply.
Mastercard is a registered trademark of Mastercard International Incorporated.
Apple, the Apple logo, Apple Pay and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries and regions. App Store is a service mark of Apple Inc., registered in the U.S. and other countries and regions. For payment cards and methods accepted see
Bendigo Bank EFTPOS and eCommerce powered by Tyro is issued by Tyro Payments Limited ACN 103 575 042 AFSL 471951. Bendigo Bank bank accounts are issued by Bendigo and Adelaide Bank Limited ABN 11 068 049 178 AFSL 237879.
Bendigo Bank is remunerated by Tyro on a commercial basis for this offer.

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Bendigo and Adelaide Bank acknowledges Aboriginal and Torres Strait Islander peoples as the First Peoples of this nation and the Traditional Custodians of the land where we live, learn and work. We pay our respects to Elders past and present as it is their knowledge and experience that holds the key to the success of future generations.

Bendigo and Adelaide Bank Limited, ABN 11 068 049 178 AFSL / Australian Credit Licence 237879. Any advice provided on this website is of a general nature only and does not take into account your personal needs, objectives and financial circumstances. You should consider whether it is appropriate for your situation. Please read the applicable Disclosure Documents before acquiring any product described on this website. Please also review our Financial Services Guide (FSG) before accessing information on this website. Information on this page can change without notice to you.

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