2021 & 2022 Most Satisfied Customers Merchant Services Award Winner
A Square vs. Tyro comparison.
What’s the best payment processor for you?
This page is for informational purposes only. You should consider the product that’s right for you and most applicable to your business circumstances.
Square vs. Tyro – a direct comparison table
3.9/5
Square’s Trustpilot score
1.4/5
Tyro’s Trustpilot score
Cost comparison
| Square | Tyro | |
| In-person processing fee and monthly fees* | 1.6% on Square Terminal and Square Register 1.9% on Square Reader or Square Stand No monthly fees for payments |
1.4% + $29 Monthly rental fees apply for EFTPOS machines |
| One simple fee on in-person Afterpay transactions |
Yes |
Processing fees + separate fee to Afterpay |
| No chargeback fees | Yes |
Information not available publicly |
| No additional fees for American Express or JCB |
Yes |
Additional fees may apply for EFTPOS machines |
| No hardware rental fees | Yes |
No monthly fees for Tyro Go or BYO. $29 Monthly rental fees apply for Countertop and Mobile EFTPOS |
| Next day transfer to external bank account |
Yes |
No |
| Weekend transfer to external bank account | Yes |
No |
| Instant transfer - access funds in minutes (for a small fee) |
Yes |
No |
In-person payments
| Square | Tyro | |
| Award-winning POS app with inventory management and more |
Yes and there are no monthly fees when you take payments with Square. |
No |
| All-in-one POS system with customer display and built-in software |
Square Register - $1,099 | No |
| Portable EFTPOS machine with built-in receipt printer & pre-installed POS software |
Square Terminal - $329 | $29 per month for Mobile EFTPOS. No POS software included |
| Countertop iPad POS stand with built-in card reader |
Square Stand - $149 | No |
| POS Hardware starting price | Square Reader - $39 | Tyro Go - $59 |
| Custom physical and digital gift cards | Yes |
No |
| Afterpay acceptance in person | Yes |
Yes |
| Built-in surcharge feature | Yes |
Yes |
| Offline mode (Process card payments without internet access) |
Yes, with Square Terminal and Square Register |
No |
| Start taking payments in minutes | Yes |
No |
Online and remote payments
| Square | Tyro | |
| Free online store | Yes |
No |
| Website templates | Yes |
No |
| Online ordering for Restaurants |
Yes |
No |
| Photo Studio app for item library and online store |
Yes |
No |
| Payment links | Yes |
Information not available publicly |
| Invoicing software | Yes |
No |
| Virtual Terminal to take payments over the phone or on your computer |
Yes |
Yes |
| Afterpay acceptance online | Yes |
No |
| e-Gift Cards | Yes |
No |
| Requests payments via SMS | Yes |
No |
Solutions designed for you
| Square | Tyro | |
| Retail POS System | Yes |
No |
| Restaurant POS System | Yes |
No |
| POS System for Appointments-based businesses |
Yes |
No |
| Kitchen Display System | Yes |
No |
| Loyalty program software | Yes |
No |
| Email marketing software | Yes |
No |
| Team management software including rostering and time tracking |
Yes |
No |
| Inventory management | Yes |
No |
| Customer management | Yes |
Yes |
*Custom pricing may be available for businesses processing over $250k per year.
Competitive data on this page was collected as of 14 September 2023 and is based on information found on tyro.com. This information is subject to change or update without notice. Square does not make any representations as to the completeness or accuracy of the information on this page.
Get set up and start taking payments in minutes.
Square is the all-in-one payments and POS partner you need to grow your business, whether you’re selling in person, online or both.
What makes Square different?
Accept payments however you need with Square
Whether you need EFTPOS payments for your retail store, quick-service restaurant, beauty salon or on-the-go payments, Square offers the reliability and ease of use that every business needs.
In-person contactless payments
With our range of POS apps that work seamlessly with our range of hardware, you can easily take payments in person at your counter or on the go.
Online
Set up a free online store and accept payments wherever your customers are. Already have an online store or mobile app? Integrate with our online payment services.
Manually Keyed In
Accept payments over the phone by keying in card information directly into your Square app or web browser.
Send a payment request
Create and send digital invoices or send your customers a checkout link to pay via text or email.
Why people choose Square over Tyro.
When comparing Square vs Tyro for payments, many people are drawn to Square’s all-in-one system of hardware and software and the support this provides when it comes to growing their business.
Speed
With Square’s ability to create an account and get set up online in minutes in most cases, you can start taking payments straight away.
Simplicity
With a fully integrated system and the free Square Point of Sale app when you take card payments with Square, you only pay transaction fees when you take the payment.
Security
With Square’s team of fraud experts and dispute agents by your side, you can protect your business from fraudulent purchases and payment disputes. And all at no extra cost.
Stylish hardware
Impress customers and stand out from the crowd with Square’s suite of payment hardware products that suits any business.
†Offer commences on 5 October 2023 at 8.00 a.m. AET and expires 18 October 2023, at 11:59 p.m. AET. Offer for 20% off Square Register (limit 3 per customer), Square Terminal (limit 3 per customer), Square Stand (limit 3 per customer) and Square Reader (2nd generation) (limit 3 per customer). Offer for $220 off Square Register Kit (limit 3 per customer) and $30 off Square Stand Kit (limit 3 per customer). Valid for Square customers located in Australia only with an Australian Square account. Each code is limited to one redemption per Square account holder. Offer not valid with guest checkout. Square reserves the right to modify, revoke or cancel the offer at any time. This offer cannot be combined with any other offer. Void where prohibited, not redeemable for cash, and non-transferable.
Frequently Asked Questions
(by people thinking about switching from Tyro to Square POS)
Is it easy to switch and migrate from Tyro to Square?
Yes, all you have to do is create a free Square account and you can start taking payments. Square also integrates with third-party software like Xero and Quickbooks to keep track of everything when you switch.
How do I get started?
You can go from downloading Square POS to making your first sale in minutes in most cases by signing up for your free account here. Our hardware works out of the box with no configuration required.
How do Square’s processing fees work?
You’ll just pay one flat fee per transaction. You purchase our hardware outright, so there are no monthly rental costs. You also get access to our POS app completely free. Learn more about how our fees work and what that processing fee covers.
How much does Square hardware cost?
Our hardware costs anywhere from $39 to $1,099, with interest-free instalment plans available. It all depends on your business needs. You also own the hardware outright, meaning there are no monthly rental costs.
Does Square offer custom pricing?
Yes, we can create custom pricing packages for some businesses that process more than $250K in card sales. Custom pricing will vary depending on your processing volume, average ticket size, your history as a Square seller and some other factors. Contact sales.
Does Square integrate with my current POS system?
Square is able to integrate with some POS software, but the benefit of using Square is that we’re an all-in-one package. Plus our POS is completely free to use. It’s also simple to switch from your current POS by importing your items and customer information.
Does Square integrate with third-party platforms like Xero and MYOB?
You bet. Square partners with several business providers that you can be integrated directly with your Square account. You can see a full list of Square’s partners right from your online Square Dashboard. Explore App Marketplace.
Run your business online.
Whether or not your business has a brick-and-mortar location, building a robust online presence can help you engage shoppers from a distance.
- Build your free website to take orders, sell goods, manage inventory and book appointments – all synced through your POS system.
- Accept every kind of payment and track all your sales in one place – from your online store, invoices, payments over the phone and in-person sales.
- Sell online – including through Instagram – and offer pickup and delivery options.
Pricing
Square has no set up fees or monthly fees to accept payments. Only pay when you take a card payment.
Processing rate
1.6%
Per tap or insert on Square Terminal and Square Register.
1.9%
Per tap or insert on Square Reader or Square Stand.
2.2%
For any online, card on file, invoice or manually keyed-in payment.
Hardware starting at
$39
with the Square Reader
Monthly fee
$0 per month
No long-term commitments or contracts
Ask about a custom rate.
We can create custom pricing packages for some businesses that process more than $250K in card sales.
Get started free with Square.
Start selling in minutes
Sign up and start taking payments with Square in minutes. No bank visits or merchant accounts required.
Pay no extra fees
You only pay when you accept a card. That’s it. No setup fee, no monthly minimum fee, no compliance fee, no hardware rental fee.
Create your free account today.
Get set up and start selling in minutes.
*All payment plans are issued by Square AU Pty. Ltd. All plans are interest-free. First payment will be due at checkout. Available plan lengths vary from 3, 6, and/or 12 instalments based on purchase amount. All plans subject to credit approval.