Quick verdict
myPOS stands out for instant settlement: your takings land in a built-in business account straight away. That, plus strong cross-border card acceptance, makes it a niche favourite - just be ready for a more complex fee structure than a single flat rate.
Best for
- Instant access to funds
- International payments
- Mobile traders
Not ideal for
- Anyone who wants one simple flat rate
Pricing
- Card-present rates start from around 1.10% + 7p on lower-turnover tiers, varying by card type.
- No monthly fee on entry plans and no fixed contract on standard accounts.
- Funds settle instantly to your myPOS account; transfers out to your bank may carry a fee.
- Monthly fee
- £0 on entry plans
- Transaction
- Card-present from 1.10% + 7p (lower-turnover tier)
- Reader from
- £19+ (device dependent)
- Payouts
- Instant settlement to myPOS account
Hardware
The myPOS Go 2 is a pocket device with a free SIM; the myPOS Pro is an Android smart terminal with a receipt printer. Good for mobile and international traders.
Features & contract
Contract: No fixed contract on standard plans. Support: Standard support channels; the draw is the instant-funds model rather than white-glove service.
Real-world use cases
- Trader who needs cash fast: Excellent - instant settlement to the myPOS account.
- Cross-border / European sales: Good - solid international card acceptance.
- Anyone wanting one simple flat rate: Mixed - fees vary by card type, so read the detail.
Pros & cons
Pros
- Instant access to your money via a built-in account
- Competitive headline rate at lower turnover
- Good for cross-border/European card acceptance
- Range of standalone devices
Watch out for
- Fee structure varies by card type - read the detail
- Some fees on transfers out of the myPOS account
- Lighter on full-POS software
myPOS vs alternatives
SumUpThe “just let me take payments” option. Cheap to start, portable, dead simple. Brilliant for low-volume and mobile sellers; you may outgrow it for a full restaurant setup.
PayPal ZettlePayPal-friendly card payments with a simple reader and no monthly software fee for basic use. Good for small retailers and mobile sellers already in the PayPal world.
SquareThe strongest free POS software option. Tidy app, decent ecosystem, no monthly fee to start. Great for small retail, cafés and service businesses that want software without signing their life away.
Final verdict
Best when you want instant access to funds through a built-in business account. Handy for international/European payments. The fee structure is more complex, so watch card-type differences.
FAQs
How fast does myPOS pay out?
Instantly - funds settle to your built-in myPOS account in real time, which is its headline feature. Moving money out to your own bank may incur a fee.
What are myPOS fees?
Card-present rates start from around 1.10% + 7p on lower-turnover tiers, but vary by card type, so check the full schedule for your plan.
What are myPOS card machine fees?
myPOS card-present fees start from around 1.10% plus 7p per transaction on its lower tier, with rates depending on your plan and card types. There is a £0 entry monthly option and no fixed contract on the standard plan. Check current terms for the rates that apply to you.
How fast is myPOS settlement?
myPOS offers instant settlement into your myPOS business account, so funds are available straight after the sale rather than waiting a day or two. You can then transfer to your own bank or use the account directly. Check current terms for any transfer fees that apply.
Is myPOS good for taking international payments?
Yes. myPOS is a strong choice for international and European trade, supporting multiple currencies and cross-border card acceptance. Combined with instant settlement and no fixed contract on the standard plan, it suits businesses selling to overseas customers. Check current terms for supported currencies and rates.