Yes, don't get too flustered by the bank fees that @Hashimoto...

Yes, don't get too flustered by the bank fees that @Hashimoto has shared with us.

While they are concerning, all the rates quoted by those banks have an asterix above them. Which means, the "flat rate" probably doesn't cover all Visa, Master, EFTPOS circumstances. For instance, if an ANZ Platinum Visa Card that earns 2 points per dollar transacts with a NAB merchant, I doubt the transaction fee will be 1.1%. I would imagine it would be more than that.

Also, merchant size will play an important role in the fees Tyro offers. If a large volume merchant - like Merrivale - uses Tyro, I doubt they are paying 1.4%. I would think that Merrivale has customized merchant fees that are very competitive with the rest of the market.

Tyro, if they are any good, will have worked out fees vs volumes vs number of merchants, before increasing their fees, in order to maximize sustainable revenue.