How Tyro Payments automates merchant onboarding, terminal provisioning, and same-day settlement across Australia
Tyro Payments is Australia's largest EFTPOS provider outside the big four banks. Behind every card swipe sits a workflow stack that turns merchant signup into a live terminal, routes transactions across acquirers in real time, and lands funds in the business bank account the same day.
An EFTPOS business looks like a card reader from the outside; inside it is a continuous flow of identity checks, terminal logistics, transaction routing, settlement, and compliance reporting. Tyro automates the path between "I signed up online" and "funds in my account by 7am tomorrow", with integrations into the point-of-sale and accounting tools that small businesses already use.
The four pain points Tyro Payments's automation has to solve
Merchant onboarding has to be both fast and KYC-compliant. A small café wants the terminal this week, not in three weeks. The platform has to verify identity, beneficial ownership, and risk profile in minutes — without forcing a branch visit.
Terminals are physical and need to actually arrive. Hardware shipping, activation, and live status are part of the product. A signup that ends with no working terminal on day one is a churn event.
Routing has to maximise approval and minimise cost. Card schemes, regions, BINs, and acquirer fees all interact. Routing every transaction the same way leaves money on the table and pushes approval rates down.
Settlement timing is cash flow. For a small business, the difference between same-day funds and T+2 is the rent cheque. Slow settlement is a competitive disadvantage even if everything else is correct.
Four automation patterns that keep Tyro Payments moving
Self-serve digital onboarding
Merchants sign up online; identity, beneficial ownership, and risk checks run automatically. Approved accounts move straight to terminal provisioning without a sales handoff.
Terminal logistics on rails
Hardware is configured for the merchant, shipped, and tracked end to end. Activation is one-tap; the merchant sees live status, the operations team sees exceptions only.
Smart transaction routing
Each card swipe is routed across acquirers using rules on scheme, BIN, and cost — improving approval rates while keeping interchange under control. Routing rules are tunable per merchant segment.
Same-day settlement + reporting
Funds land in the merchant's nominated account the same day for eligible accounts. Reconciliation files flow into the POS and accounting stack the merchant already uses, so books stay clean automatically.
The four-stage pipeline
Every merchant on Tyro runs through the same four-stage shape — onboard, provision a terminal, route transactions, settle funds. The flow is identical for a single-location café and for a multi-site retail chain.
Case study: Tyro Payments
Tyro Payments
Challenge
Onboard Australian merchants in minutes with full KYC, ship and activate physical EFTPOS terminals reliably, route transactions for both approval rate and cost, and settle funds to the merchant's account the same day — across tens of thousands of small businesses.
Solution
Tyro built an end-to-end pipeline that automates digital onboarding, terminal logistics, scheme-aware routing, and same-day settlement on the same backbone — with deep POS and accounting integrations so the merchant never has to reconcile by hand.
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How does Tyro onboard a merchant quickly?
Merchants sign up online. Identity, beneficial ownership, and risk checks run automatically; approved accounts move straight to terminal provisioning without a sales handoff, so the path from signup to a working terminal stays measured in days, not weeks.
How does Tyro route card transactions?
Each transaction is routed across acquirers using rules on card scheme, BIN, and cost. The routing engine targets a higher approval rate while keeping interchange under control, and rules are tunable per merchant segment.
When do merchants receive their funds?
Funds land in the merchant's nominated account the same day for eligible accounts. Reconciliation files flow into the POS and accounting stack the merchant already uses, so the books stay clean without manual matching.
Run your payments stack on the same shape
Byteflow gives you the workflow shape — onboard, provision, route, settle — so your team can scale merchants without scaling support and operations.
Start automating →Easy automation. For everyone.