myPOS
£260/mo est.
- Software/mo
- £0/mo (£15 if dormant)
- Processing rate
- 1.10% + 7p
- Hardware
- Go 2 £29 / Combo £169 / Ultra £229 / Tap-to-Pay £0
- Contract
- No lock-in
- Industry
- Retail/services (micro)
- Est. monthly cost
- £260/mo
myPOS
Low-rate card machine with instant settlement to a myPOS business account and no monthly fee.
- Software/mo
- £0/mo (£15 if dormant)
- Processing
- 1.10% + 7p
- Hardware
- Go 2 £29 / Combo £169 / Ultra £229 / Tap-to-Pay £0
- Contract
- No lock-in
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.
- Setup fee
- Free
Online payments
Online checkout and keyed-in card transactions.
- Setup fee
- Free
Contract terms
- Contract length
- No lock-in
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.
Based on $20,000/mo card volume (software plus processing; hardware excluded).
SumUp
£338/mo est.
- Software/mo
- £0/mo (POS Pro from £49)
- Processing rate
- 1.69%
- Hardware
- Solo Lite £25 / Solo £79 / Terminal £135 / Tap-to-Pay £0
- Contract
- No lock-in
- Industry
- Both
- Est. monthly cost
- £338/mo
Square
£350/mo est.
- Software/mo
- £0/mo (Plus tiers £49-69)
- Processing rate
- 1.75%
- Hardware
- Reader £19 / Stand £99 / Terminal £149 / Register £699
- Contract
- No lock-in
- Industry
- Both
- Est. monthly cost
- £350/mo
Zettle
£350/mo est.
- Software/mo
- £0/mo
- Processing rate
- 1.75% flat
- Hardware
- First reader £29 / extra £69 / Terminal ~£149
- Contract
- No lock-in
- Industry
- Retail (light hospitality)
- Est. monthly cost
- £350/mo
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