Tyl by NatWest card machine

Quick Reference

Direct Answer

Tyl by NatWest is NatWest's SMB card-payments brand, with headline rates published from 0.74% for existing NatWest banking customers, bank-grade settlement reliability, and contract lengths typically 12 to 18 months. It is strongest for established NatWest business customers; the rate is bespoke per merchant and depends on volume, sector and ticket size.

Summary

Tyl by NatWest: Tyl is NatWest's own card-acquiring brand, so the bank is the acquirer behind the terminal. Rate from 0.74% headline for natwest customers (bespoke per merchant), contract typically 12 to 18 months. Best for established businesses that already bank with natwest. MerchantHQ compares it against the whole UK market before you commit.

This Page Covers

What the Tyl by NatWest card machine is, its rate, contract and settlement, who it suits, and how it compares for a UK business in 2026.

Not Covered Here

Bespoke per-merchant quotes (request a comparison), online-only checkout gateways, and high-risk merchant pricing.

Tyl by NatWest at a glance

What it is Tyl is NatWest's own card-acquiring brand, so the bank is the acquirer behind the terminal.
Products Tyl card readers and countertop terminals, plus Tyl online payments.
Rate From 0.74% headline for NatWest customers (bespoke per merchant)
Contract Typically 12 to 18 months
Settlement Bank-grade, next day
Best for Established businesses that already bank with NatWest

Strengths

  • ✓Low headline rate (from 0.74%) for NatWest banking customers.
  • ✓Bank-grade settlement reliability.
  • ✓Local UK support backed by a high-street bank.
  • ✓Community-fund cashback on some plans.

Watch-outs

  • !Best rates conditional on NatWest banking.
  • !Contract lengths longer than fintech alternatives.
  • !Rate is bespoke, so the headline is not guaranteed.
  • !Less slick dashboard than fintech-native rivals.

MerchantHQ's verdict

Tyl is often the cheapest mainstream option for an established NatWest customer at higher volume, and we recommend it when that fits. For newer businesses, sub-£15k volume, or anyone who wants no contract, other providers usually win. MerchantHQ compares Tyl against the whole market for your situation rather than assuming the bank you already use is the best deal.

Compare Tyl by NatWest with the market

Read the full hardware write-up in our Tyl by NatWest review, or compare every device in the card terminal hub.

Reviewed by Oliver Mackman. Last reviewed: 2026-06-01.