Low-rate card machine with instant settlement to a myPOS business account and no monthly fee.
Best for
Small businesses wanting the lowest available published domestic rate with instant settlement.
Every fee we track, grouped by where it applies.
In-person terminal and tap-to-pay transactions.
Domestic consumer cards, for businesses under £10,000/mo card turnover. EEA consumer 2.20% + 7p; all other consumer and commercial cards 2.85% + 7p. Above £10,000/mo myPOS quotes bespoke "special rates" instead of this published rate.
Inactivity fee: £15/mo after 12 consecutive months of no use.
One-off device purchase, excl VAT. myPOS Flex (launched Jul 2026) is £59 alone or £69 with the charging dock. Optional extended warranty: Go 2 £15 (1yr) / £19 (2yr), Flex £14.84 to £20.65, Ultra £49 (1yr) / £79 (2yr). Rental plans are quote-only. Source: mypos.com/en-gb/buy-card-machine, read 2026-07-28.
Account opening is free.
Online checkout and keyed-in card transactions.
Domestic consumer card-not-present rate. Amex 2.50% + 15p; all other consumer and commercial cards 2.90% + 15p. MOTO rate: online rate + 0.5%.
Inactivity fee: £15/mo after 12 consecutive months of no use.
Account opening is free.
Confirmed on mypos.com/en-gb/fees (official fees page).
EEA in-person: 2.20% + 7p.
EEA in-person 2.20%+7p vs domestic 1.10%+7p; effective ~+1.1%.
myPOS does not publish an early termination fee on its UK pricing page. Ask before you sign.
Settlement to myPOS account is instant and free; GBP bank transfer £1.50.
Online payment refund fee confirmed on mypos.com/en-gb/fees.
myPOS does not confirm PCI compliance fee status on its UK pricing page. Ask before you sign.
myPOS does not confirm recurring billing support on its official pricing pages. Ask before you sign.
Cards, wallets, and other methods supported by myPOS for UK merchants.
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. Terminals are bought outright rather than rented, so the hardware is a single up-front cost: the range runs from Tap to Pay on an Android phone needing no hardware at all, through the Go 2 card reader and the compact Flex smart terminal, to the Go Combo and Ultra with built-in receipt printers.
myPOS was founded in 2014 and is headquartered in London, UK.
Side-by-side with the closest alternatives by estimated cost.
Assumes £15,000/mo volume, £50 average transaction, 70% in-person and 30% online.
myPOS
£202.20/mo est.
Zeller
£204/mo est.
Elavon
£186.45/mo est.
TYL by NatWest
£223.50/mo est.
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