myPOS
£202/mo est.
- In-person rate
- 1.10% + 7p
- Online rate
- 1.30% + 15p
- Monthly fee
- £0/mo
- Terminal cost
- —
- Contract length
- No contract
- Settlement time
- —
- Est. monthly cost
- £202/mo
myPOS
Low-rate card machine with instant settlement to a myPOS business account and no monthly fee.
- In-person rate
- 1.10% + 7p
- Online rate
- 1.30% + 15p
- Monthly fee
- £0/mo
- Contract
- No contract
Best for
Small businesses wanting the lowest available published domestic rate with instant settlement.
Pricing breakdown
All prices in GBPLast verified 19 June 2026Every fee we track, grouped by where it applies.
In-person payments
In-person terminal and tap-to-pay transactions.
- Transaction rate
- 1.10% + 7p
- Monthly fee
- £0/mo
Inactivity fee: £15/mo after 12 consecutive months of no use.
- Setup fee
- Free
Account opening is free.
Online payments
Online checkout and keyed-in card transactions.
- Transaction rate
- 1.30% + 15p
Domestic consumer card-not-present rate. MOTO rate: online rate + 0.5%.
- Monthly fee
- £0/mo
Inactivity fee: £15/mo after 12 consecutive months of no use.
- Setup fee
- Free
Account opening is free.
Other fees
- Chargeback fee
- £15
Confirmed on mypos.com/en-gb/fees (official fees page).
- AMEX rate
- 2.45% + 7p (in-person)
EEA in-person: 2.20% + 7p.
- International card surcharge
- +1.1% (EEA cards)
EEA in-person 2.20%+7p vs domestic 1.10%+7p; effective ~+1.1%.
- Early termination fee
- Contact provider
ETF not published on mypos.com/en-gb. UNVERIFIED.
- Instant payout fee
- £1.50 (bank transfer)
Settlement to myPOS account is instant and free; GBP bank transfer £1.50.
- Refund fee
- 25p
Online payment refund fee confirmed on mypos.com/en-gb/fees.
- PCI compliance fee
- Contact provider
PCI compliance status not confirmed at time of research. UNVERIFIED.
Contract terms
- Contract length
- No contract
- Recurring billing
- Contact provider
Recurring billing support not confirmed on official mypos.com pages. UNVERIFIED.
Accepted payment methods
Cards, wallets, and other methods supported by myPOS for UK merchants.
Cards
- Visa
- Mastercard
- AMEX
- JCB
Digital wallets
- Apple Pay
- Google Pay
Other
- international-cards
Strengths and trade-offs
Pros
- Low 1.10% + 7p domestic rate
- No monthly fee
- No lock-in contract
- Instant settlement to myPOS account
Cons
- £1.50 fee per bank transfer out
- EEA cards priced higher at 2.20% + 7p
- Inactivity fee of £15/mo applies after 12 months
About myPOS
myPOS is a European payments company offering card machines with one of the lowest published domestic transaction rates in the UK at 1.10% plus 7p. There is no monthly fee and no contract. Settlement is instant (within seconds) to a built-in myPOS business account; bank transfers incur a £1.50 fee. Amex is accepted at 2.45% plus 7p.
myPOS was founded in 2014 and is headquartered in London, UK.
How myPOS compares
Side-by-side with the closest alternatives by estimated cost.
Assumes £15,000/mo volume, £50 average transaction, 70% in-person and 30% online.
Elavon
£186/mo est.
- In-person rate
- 0.99%
- Online rate
- 1.5%-1.99% (Opayo, est.)
- Monthly fee
- From £15/mo (incl terminal)
- Terminal cost
- —
- Contract length
- 12 months
- Settlement time
- —
- Est. monthly cost
- £186/mo
TYL by NatWest
£224/mo est.
- In-person rate
- 1.39% + 5p
- Online rate
- 1.39% + 5p (no CNP extra)
- Monthly fee
- No service fee
- Terminal cost
- —
- Contract length
- 12 months
- Settlement time
- —
- Est. monthly cost
- £224/mo
Stripe
£254/mo est.
- In-person rate
- 1.4% + 10p
- Online rate
- 1.5% + 20p
- Monthly fee
- £0/mo
- Terminal cost
- —
- Contract length
- No contract
- Settlement time
- —
- Est. monthly cost
- £254/mo
We may earn a commission when you click through to a provider. This never affects ranking or data shown. Read our terms.
Work at myPOS? Claim this listing
Compare myPOS
Compare myPOS against every other UK provider on price, contract terms, and features.