Zero Payments
- Company typePrivate
- Founded2007
- HeadquartersSydney, Australia
- Headcount1–10
- GTM typeB2B
- OfferingServices
Zero Payments firmographics
Firmographics- Name
- Zero Payments
- Legal name
- Merchant Payment Systems Pty Ltd
- Website
- https://zeropayments.com.au
- Company type
- Private
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Zero Payments industry classification
Industry- Product category
- Merchant Payment Processing
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Sales Financing (52222)
- SIC
- Short-Term Business Credit Institutions (6153)
- akta.pro primary industry
- Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE)
- akta.pro secondary industry
- POS-to-Online Unified Payments (Omnichannel Payments) (CRAFALAL)
Keywords
Where Zero Payments is headquartered
LocationHeadquarters
- HQ city
- Sydney
- HQ country
- Australia
- HQ region
- Oceania
Offices6 records
Markets served
Zero Payments business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Marketing or Sales, Operations, Technology or R&D, Others
Revenue model
- EFTPOS Transaction Processing: Merchant fees for processing electronic payments through Tyro EFTPOS facilities. No Cost EFTPOS allows merchants to reduce fees to zero through built-in surcharging and least-cost routing features.
- Terminal Rental: Rental fees for Tyro EFTPOS machines. Currently offering 6 months free terminal rental promotion until 31st July 2026 for new sign-ups. Regular rental may apply if merchant transacts less than $10,000 per month.
- Tyro Business Loans: Business loans up to $350k with simple flat fee pricing. Loans are repaid automatically with a percentage of daily takings.
- Tyro Bank Account Services: 7-day settlements with funds deposited into Tyro Bank Account, enabling interest earnings and instant cash access.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Monthly | No Cost EFTPOS - Zero merchant fees with built-in surcharging |
| Unit Pricing | Monthly | Tyro Pro EFTPOS - Next-generation countertop device |
| Unit Pricing | Monthly | Tyro Go EFTPOS - Mobile device for on-the-go payments |
| Outcome Based/ Performance | Pay-as-you-go | Tyro Business Loan - Up to $350k funding |
| Other | One time/ perpetual license | $200 Cash Reward for new Tyro Pro customers |
| Other | One time/ perpetual license | $300 Cash Reward for new Tyro Pro customers |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels5 records
Zero Payments product offering
Product offeringCore offering
Zero Payments is a Tyro 20-year Platinum Partner that distributes EFTPOS hardware and payment processing services to Australian merchants under a No Cost EFTPOS pricing construct. The offering combines countertop and mobile EFTPOS terminals, Tap to Pay on iPhone, business loans up to $350k, and a linked Tyro Bank Account with 7-day settlements, supported by Dynamic Surcharging and Tap & Save least-cost routing to drive merchant fees toward zero. Solutions are tailored by vertical across hospitality, retail, franchise, service, and education segments.
Product overview
Zero Payments is a payment solutions provider offering a unified portfolio of EFTPOS hardware and payment processing services built around Tyro's payment infrastructure. The core product lineup includes Tyro Pro (countertop EFTPOS) and Tyro Go (mobile EFTPOS) devices, plus Tap to Pay on iPhone. Supporting services include the Tyro Business Loan, No Cost EFTPOS (zero merchant fee pricing), eCommerce solutions, and Flexible Business Banking with the Tyro Bank Account. For hospitality, they offer Pay@Table and SplitBills features. The ecosystem also includes Tap & Save (least-cost routing) and Dynamic Surcharging for fee optimization.
Differentiator
Problem solved
Functional benefit
Products and services
- Tyro Pro EFTPOS Next-generation countertop EFTPOS terminal with a 6-inch HD touchscreen, all-day battery life, built-in surcharging options, and zero merchant fees under No Cost EFTPOS; offered to Australian merchants across hospitality, retail, franchise, service and education verticals.
- Tyro Go EFTPOS Mobile Bluetooth-connected EFTPOS reader for businesses on the go, using the Tyro Go App on a smartphone or tablet with Tap & Save least-cost routing for eligible debit card transactions; requires mobile network coverage.
- Tap to Pay on iPhone Software-based contactless payment acceptance that turns an iPhone Xs or later (iOS 16.4 or later) into a payment terminal via the Tyro BYO App, supporting WiFi and mobile networks with no additional hardware.
- Tyro Business Loan Business financing for Australian merchants offering up to $350k deposited into a Tyro Bank Account in under 60 seconds, with simple flat-fee pricing and automatic repayment via a percentage of daily takings.
- No Cost EFTPOS Tailored EFTPOS package combining Tyro terminals with Dynamic Surcharging and Tap & Save least-cost routing to reduce merchant card processing fees toward zero for qualifying Australian businesses.
- Flexible Business Banking (Tyro Bank Account) Settlement and business banking account with 7-day funds availability, linked banking to Australian financial institutions, interest earnings, instant cash access, and deposits guaranteed by the Australian Government Financial Claims Scheme up to $250,000.
- eCommerce Payment Solutions Online payment solutions encompassing online ordering, at-table digital payments, embedded payments, and B2B invoicing delivered through Tyro's POS partner connections and Tyro Portal reporting.
Quantifiable outcome
- 6,000+ Australian businesses have partnered with Zero Payments since 2007
- +3 more outcomes
Companies that use Zero Payments
Customer profileNamed customers29 records
Segments5 records
Ideal customer profiles5 records
Zero Payments technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature9 records
Zero Payments partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered flagship, core and minor.
- Tyro PaymentsflagshipZero Payments is a Tyro 20-year Platinum Partner providing No Cost EFTPOS solutions. As a platinum partner, they offer Tyro Pro EFTPOS, Tyro Go EFTPOS, Tap to Pay on iPhone, Tyro Business Loans, and Tyro Bank Account services to Australian merchants.
- XerocoreSeamless integration with Xero for accounting, bank feeds, batch payments including BPAY and bank transfers, and Xero Payroll. Tyro Portal provides single reporting for eCommerce and EFTPOS integrated with Xero.
- 330+ POS/PMS ProviderscoreTyro seamlessly connects to 330+ integrated POS/PMS providers, enabling Zero Payments to offer tailored solutions across hospitality, retail, franchise, service, and education sectors.
- FinchcorpminorMatthew Finch, Managing Director of Finchcorp, provides testimonial praising Zero Payments/Tyro's personalised solutions, attentive team, seamless integration, and improvement in payment processing speed and accuracy for their customers.
- Raw GroupminorAdrian Rosato, Director of Raw Group, testimonial describes unique EFTPOS solution as reliable, fast and supportive, enabling improved service levels and reduced operating costs.
Scale indicators5 records
Recent moves6 records
Expansion highlights3 records
Zero Payments competitors and assessment
Company assessmentDirect peers
- Smartpay Holdings: Australian-listed EFTPOS reseller competing head-to-head with Zero Payments in hospitality, retail and service SMB segments. Both wrap third-party payment rails in a fee-optimised bundle (e.g. Zero Cost EFTPOS vs Smartpay's low-fee plans) for Australian SMEs.
- Quest Payment Systems: Australia-focused integrated EFTPOS and point-of-sale reseller for retail and hospitality. Directly comparable sales motion (consultative, vertical-specific) and merchant profile to Zero Payments.
- Pinpoint Payments: Australian EFTPOS and integrated payments reseller targeting retail and hospitality SMBs. Closely comparable in channel model, vertical focus and Tyro-adjacent bundling approach to Zero Payments.
- Merchant Warrior: Australia and APAC payment gateway and EFTPOS provider for SMBs and ISVs. Comparable channel/reseller focus and merchant profile, particularly for online and integrated POS in the Australian market.
- Zeller: Australian payments and merchant-acquiring provider offering EFTPOS, integrated POS and business banking to SMEs. Competes with Zero Payments for the same Australian merchant wallet with an in-house technology stack rather than a Tyro reseller model.
Broad incumbents
- Tyro Payments: Underlying acquirer and technology provider that powers Zero Payments' product suite. Relevant because Tyro also sells direct and via other partners, creating direct and indirect competition for Zero Payments' merchant accounts.
- Commonwealth Bank (CommBank) Merchant Solutions: Australia's largest bank with proprietary merchant acquiring and EFTPOS, plus integrated banking. Competes with Zero Payments for the same SME wallet but through a deposit-led, full-stack banking proposition.
- Stripe Australia: Global online and omnichannel payment processor increasingly targeting Australian in-person and embedded POS use cases. Adjacent competitor for the eCommerce and integrated-payments portions of Zero Payments' portfolio.
- Block (Square) Australia: Global payments provider with a strong Australian SMB offering (Square Reader, Square Terminal, Square Register). Overlaps with Zero Payments on hospitality/retail EFTPOS and integrated POS in Australia.
Emerging players
- Airwallex: Australian-founded fintech expanding into merchant acquiring, EFTPOS and business banking. Competes for the same multi-currency and integrated-banking narrative that Zero Payments offers through Tyro's Dynamic Currency Conversion and Bank Account.
Market position
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Zero Payments financial estimates
Financial estimateRevenue estimate
Valuation estimate
Zero Payments leadership team
Management profileNumber of profiles
Profiles3 records
Zero Payments funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Zero Payments M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Zero Payments
What does Zero Payments do?
Zero Payments is a Tyro 20-year Platinum Partner that distributes EFTPOS hardware and payment processing services to Australian merchants under a No Cost EFTPOS pricing construct. The offering combines countertop and mobile EFTPOS terminals, Tap to Pay on iPhone, business loans up to $350k, and a linked Tyro Bank Account with 7-day settlements, supported by Dynamic Surcharging and Tap & Save least-cost routing to drive merchant fees toward zero. Solutions are tailored by vertical across hospitality, retail, franchise, service, and education segments.
Is Zero Payments a public or private company?
Zero Payments is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Zero Payments founded?
Zero Payments was founded in 2007. It employs 1 to 10 people.
Where is Zero Payments based?
Zero Payments is headquartered in Sydney, Australia, in the Oceania region.
How does Zero Payments make money?
Four revenue lines are on record. EFTPOS Transaction Processing is the primary driver. The others are terminal Rental, tyro Business Loans and tyro Bank Account Services.
Who are Zero Payments's main competitors?
Direct peers on record are Smartpay Holdings, Quest Payment Systems, Pinpoint Payments, Merchant Warrior and Zeller. Broad incumbents are Tyro Payments, Commonwealth Bank (CommBank) Merchant Solutions, Stripe Australia and Block (Square) Australia. Airwallex is listed as an emerging player.
Does Zero Payments have an API?
No public API is recorded for Zero Payments.
What industry is Zero Payments in?
Zero Payments's product category is Merchant Payment Processing. Its primary akta.pro industry code is FSAGABAE, Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure, with a secondary code of CRAFALAL, POS-to-Online Unified Payments (Omnichannel Payments). Its NAICS code is 522320 and its SIC code is 6153.