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Tyl by NatWest
Tyl by NatWest provides user friendly card machines, online payment tools, and bank-backed service, perfect for UK SMEs and NatWest business customers.
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Exclusive Rates From as Low as 0.26%

What Is Tyl by NatWest?
Tyl by NatWest is a modern merchant services provider developed by NatWest Bank to give small and medium UK businesses a fast, easy way to take card payments. Launched to compete with challengers like SumUp, Square, and Zettle, Tyl brings the reliability and trust of a major high street bank to the evolving world of payment technology.
It offers a range of payment acceptance methods, including countertop and mobile card machines, virtual terminals, ecommerce integration, and Pay by Link. The setup process is quick and well supported, with clear pricing, no long contracts, and fast access to funds.
What makes Tyl distinctive is the blend of fintech style simplicity and traditional banking reliability. It’s especially convenient for existing NatWest, RBS, and Ulster Bank customers who benefit from same day payouts. However, Tyl is also open to businesses that don’t bank with NatWest.
Tyl is PCI compliant and suitable for a wide range of sectors, from cafes and salons to ecommerce stores, mobile services, and professional practices.
Key Features of Tyl by NatWest
Who Should Choose Tyl by NatWest?
Tyl is a great fit for:
- SMEs and sole traders looking for a trusted, easy to use provider
- NatWest, RBS, and Ulster Bank business customers seeking fast payouts
- Cafés, barbers, shops, and service providers
- Businesses needing in person and online payment methods
It may not be ideal for:
- Developers needing custom API access and advanced integrations
- Businesses wanting to use third-party acquirers or gateways
- Large scale ecommerce stores with complex fulfilment flows
Tyl by NatWest Pricing Overview
Tyl offers a customised pricing model depending on your business type, size, and transaction volume. While the card machine cost and transaction fees are tailored to your needs, the pricing structure is designed to be simple, fair, and transparent.
There are no setup fees, and the contract terms are shorter than many traditional providers, making it easier for businesses to get started without long commitments.
At Compare Card Fees, we can help you assess whether a quote from Tyl offers good value compared to alternatives like Square, Dojo, or Paymentsense, based on your transaction profile and payout preferences.
Pros and Cons of Tyl by NatWest
PROS
Trusted UK high street bank behind the service
Fast onboarding and simple setup
Same day settlement for NatWest customers
Flexible online and offline payment options
UK based customer service 7 days a week
Cons
Fewer developer tools than Stripe or Adyen
No self serve API for custom integrations
Must speak with a rep to get detailed pricing
FAQs About Tyl by NatWest
Most businesses are set up within 1–2 working days, including delivery of card terminals and access to online tools.
No, any UK business can apply, but NatWest, RBS, and Ulster Bank customers receive faster payouts.
Yes. Tyl supports ecommerce, Pay by Link, and virtual terminals without the need for a card machine.
Fees are customised and depend on your agreement, but there are no hidden charges or setup fees.
Yes. Tyl guides you through the compliance process and provides tools to manage your PCI DSS obligations.
Tyl offers shorter contracts compared to many traditional providers, giving you more flexibility if your needs change.
Yes, all of Tyl’s card machines support contactless and mobile wallet payments.
Tyl combines the ease of use of fintech tools with the backing of a major UK bank, offering more direct support and same day settlements.
Yes, you’ll get access to dashboards that show customer behaviour, payment patterns, and settlement timelines.
Absolutely, we can walk you through Tyl’s offer, check for hidden charges, and compare with alternatives based on your needs.
Is Tyl by NatWest Right for Your Business?
Tyl by NatWest strikes a strong balance between traditional banking trust and modern payment flexibility. If you’re a UK business looking for an easy, reliable way to take payments, with fast setup, fair pricing, and dependable suppor, Tyl is a serious contender.
It’s especially valuable for NatWest business customers who want seamless integration and same-day settlement. But even if you bank elsewhere, Tyl’s local support and user friendly tools make it an attractive option for small and growing businesses.
At Compare Card Fees, we work with merchants across all sectors to compare payment providers, review contract terms, and negotiate better deals. If you’re curious about whether Tyl is the right fit, we’ll help you evaluate it alongside other top rated options.
Talk to our team to explore how Tyl compares and whether it’s the right solution for your business.
Still exploring options? Compare UK payment providers here to find the best fit for your business.
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