The terminal rental costs $29 + GST for the desktop terminal and $39 + GST for the mobile card machine per month. This can be cancelled any time without a termination fee.
The transaction fees are more complicated. More Payments customers negotiate so-called Interchange Plus fees (also called Cost Plus Pricing). One part of those are the card scheme fees and fixed interchange rates charged by the card schemes Visa, Mastercard, eftpos and others. The other part is a service fee. In other words, you pay the actual cost of the transaction plus the margin of More Payments/Tyro.
The card scheme fees vary by the type of card used. Merchants who already have an idea of what kind of cards they typically accept can usually get a better deal switching to a service like More Payments compared to a single flat rate of, say, 1.9%.
The total fees you actually pay, including the card scheme/interchange fees and the margin, are between 0.8% and 1.5%, possibly above that for business cards, foreign-issued cards, JCB and American Express.
The following table shows the interchange fee ranges for Australian credit or debit cards for the main card schemes.