The dongle is to be given away with every existing terminal so in reply to your points: 1. It will increase costs, not reduce costs 2. Tyro has similar control over the terminal software so there is no advantage or disadvantage. 3. I'm sure there may be some merchants who may prefer the dongle form factor than Tyro's existing mobile terminal as long as they don't need to integrate with POS. Finally, your estimates of capital costs don't seem to correlate with Tyro's movement of terminals on the balance sheet.
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