Quite a few people have taken on the following offer which is ending soon so if you want to know more, you need to move quickly.

For tyro EFTPOS, however, there was a slight amendment on the offer which I doubt will affect anyone here but here is the latest offer.

PosBrowser integrates seamlessly with Tyro EFTPOS. Experience the integrated difference for your in-store payments today.

Integrated EFTPOS designed for Retail

  1. Direct Integration - Our EFTPOS machines speak directly with your Point of Sale system
  2. No Manual Keying - Means no keying errors or reconciliation discrepancies 
  3. Integrated Receipts - Give your customers one integrated receipt, with their invoice and EFTPOS details all in one

Save time & money1 with Tyro EFTPOS

  1. No lock-in contracts or breakage fees with Tyro
  2. Tyro Tap & Save customers as an average are saving 7.6% on Merchant Service Fees2
  3. Until the end of January 2020 - sign up with Tyro and receive $200 in your Bank Account to get you started3. T&Cs apply


Want to know more, please let me know or click here!


Important Information

1. Tyro does not guarantee any cost savings by opting in for Tap & Save. Savings on eligible transactions processed through the EFTPOS network vary for each business depending on their card mix, transaction volume and amount, industry, and pricing plan. Eligible transactions are contactless debit card transactions less than $1,000. Tap & Save is not available on Special Offer pricing which includes some flat fee simple pricing offers or where you surcharge on debit card transactions as cost savings may not be realised. Yomani CR, Xentissimo and Xenta terminals do not support Tap & Save. For details refer to the FAQs at Tyro.com or call 1300 966 639.

2. 7.6% savings on Merchant Service Fees represents the potential savings of Tyro eligible merchants (calculated as an average), over the period December 2017 to May 2019 and was based on actual eligible transactions processed during this period.

3. Tyro $200 Cashback Offer Terms and Conditions

These Terms and Conditions together with the relevant Tyro Terms and Conditions available at https://www.tyro.com/terms-and-conditions/ (Merchant Terms and Conditions) govern this offer. By providing your details to Tyro Payments Limited (ABN 49 103 575 042) (Tyro), in connection with this offer, you agree to be legally bound by these Terms and Conditions. ‘you’ and ‘your’ mean the person or persons in whose name the account will be held with Tyro.

This offer is available to eligible persons from 9:00 am 01 October 2019 (Sydney time) until 5:00 pm 31 January 2020 (Sydney time) (Offer Period). This Offer is not applicable in conjunction with any other Tyro offer. Tyro reserves the right to extend or withdraw this offer at any time at its sole discretion. If Tyro withdraws the Offer, Tyro will honour the Offer in respect of all New Customers that have their applications approved by Tyro before the Offer is withdrawn, provided that applicants satisfy all of the Eligibility Criteria. New Customers can cancel any live application in the event that Tyro withdraws the Offer.

To be eligible for this offer, the following criteria must be met:

  1. You must have received an email from Tyro or one of its current Plus Partners (as listed at https://https://www.possolutions.com.au//) inviting you to take up this offer;
  2. You must not have held an account with Tyro within the 6 months prior to the start of the Offer Period;
  3. You must have applied to become a Tyro EFTPOS Banking merchant during the Offer Period and be approved as a Tyro EFTPOS Banking merchant within 30 days;
  4. You must not be an additional terminal or MID (additional account) to an existing location or existing ABN; and
  5. You must not be a member of a merchant group, corporate group, buying group or franchise group that has an agreement with Tyro, (the Eligibility Criteria).

Tyro may, in its sole discretion, determine whether or not the Eligibility Criteria are met.

Provided the Eligibility Criteria are met, $200 will be deposited into the bank account nominated in your application form to become a Tyro EFTPOS Banking merchant ($200 Deposit). $200 Deposit

The $200 Deposit is only payable once per ABN. The $200 deposit will be paid within 90 days after the date you are approved as a Tyro EFTPOS Banking merchant.

Tyro Payments Limited ACN 103 575 042 AFSL 471951 (Tyro) is the issuer of its own financial products. As Tyro does not take into account your personal circumstances, please consider if these products are suitable for you. You can contact Tyro on 02 8907 1700 or tyro.com and access Tyro's dispute resolution process at tyro.com/complaint-resolution-process/. Tyro may pay financial benefits and/or referral fees to our partners.


Want to know more, please let me know or click here!


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We all want to get the most out of our business.  

So a proposal was given to me by one of my clients about they making an eCommerce website and that they wanted to do it on the cheap, what they wanted are they looking at to make it work. It is a really hard question to answer as you do not know where to start so I decided to look at a commonly used one Shopify.

To make it work you need to go past the Breakeven point which is the spot where the total revenue equals total costs and expenses. Here there is no profit or loss, you "break-even". It is the most commonly used measure to give a feel of just how much is required to make the project viable. 

I then went looking at the relevant plans for a Small to medium-size business (SMB) for Shopify. No reason I picked this one, other then it is commonly used although in truth I am not that keen on it at all. I think there are better solutions for money, for a small site eCommerce site look at WooCommerce.

They have three basic plans for SMB and the one you pick would depend on just how much you hope to move online. The problem here as well is that these plans are very limited and if you require anything more then just these plans there are many additional costs but as the proposal is here, they want nothing more then to do it on the cheap so no additional extras. Note this I do not recommend as some of these so-called additional extras, I think are required. 

Now I am going to assume that all the templates and setups, they will do themselves and select the free ones. A professional with a lot of experience usually charge about $4,000 for Shopify and gives you a professional site.  In my experience, the person who does it himself on his first attempt has something that looks like a first attempt but as in this proposal, we will say these costs are zero.

Now the next problem is I need the margins, so I decided to make a range of margins to give you an idea and you can select where you fit on the scale. I used

10% mainly as I have clients that sell products at these prices.

30% which is often fairly standard 

50% which would be a gift item 

100% often people in professional services eg accountants, car mechanic etc consider this all profit

Now I went through the plans taking these items and looked at it 

Now there is GST to consider here on the account charges, Shopify is a bit confusing here on this but for this analysis, I will just add it in

I included only local Australian credit card rates, as its only a first-level approximation.

I picked the smallest plan, it cost about USD 29.  They also have a payment fee of 1.75% + 30 cents (as Shopify costs are listed in US dollars it is 30 cents USD) per transaction.

Today 1 United States Dollar equals 1.44 Australian Dollar. I will assume here no conversion costs and bank fees etc which is not true.

So a 30% item say with a $40 price which I think is a fair typical price for many of my clients, you would need to sell at least 4.8 items as that gives you revenue of about $190.13 then if you take off 

GST $17.28

Cost of goods $120.99

Payment fee of $3.66

Transaction fee $2.26

Shopify fees $45.94

You have zero the breakeven point. So you need to sell at least one item a week. This is not a big ask and we have clients that are doing much more than that. 

Now if we do the same analysis for a range of products margins assuming a unit sale of $40, and I have written a quick spreadsheet to automatically calculate these figures on a range of products, so you can see where you are on the scale. This is the result


If you want a copy of the spreadsheet let me know.

These are absolute minimums as it assumes no returns, no extra costs, none of your or your staffs time, no hidden costs that always appear, it also does not include their optional extras like your domain name, themes, joining their marketing campaigns that you would like to leverage to get customers, apps, Email Marketing software and training courses.

These figures are simply designed for you as a first-level approximation. 

If you want to know more, please let us know.

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