Tyl by NatWest card machine
Quick Reference
Direct Answer
Tyl by NatWest is NatWest's SMB card-payments brand, with a published standard rate of 1.39% + 5p (bespoke pricing for higher-turnover 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 1.39% + 5p personal cards, 1.99% + 5p other cards (excl. amex); bespoke for higher-turnover natwest customers, 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 | 1.39% + 5p personal cards, 1.99% + 5p other cards (excl. Amex); bespoke for higher-turnover NatWest customers |
| Contract | Typically 12 to 18 months |
| Settlement | Bank-grade, next day |
| Best for | Established businesses that already bank with NatWest |
Strengths
- ✓Competitive bespoke pricing for higher-volume 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, lower volumes, 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 marketRead the full hardware write-up in our Tyl by NatWest review, or compare every device in the card terminal hub.
MerchantHQ is owned and operated by Best Business Loans Ltd, directed by Oliver Mackman. Last reviewed:
Payments review: Derren Powell, payments and fintech specialist, formerly Vice President, Business Development (Merchants) at Mastercard. Independent reviewer; the MerchantHQ editorial team retains control of the final content.