myPOS
£260/mo est.
- Software/mo
- £0/mo (£15 if dormant)
- Processing rate
- 1.10% + 7p
- Hardware
- Go 2 £29 / Flex £59 / 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 / Flex £59 / 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 5 August 2026Every fee we track, grouped by where it applies.
In-person payments
In-person terminal and tap-to-pay transactions.
- Hardware cost
- Go 2 £29 / Flex £59 / Combo £169 / Ultra £229 / Tap-to-Pay £0
One-off device purchase, excl VAT. myPOS Flex (launched Jul 2026) is £59 alone or £69 with the charging dock. Source: mypos.com/en-gb/buy-card-machine, read 2026-07-28.
- 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
- Device range from Tap to Pay on phone to smart terminals
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
- Terminals are bought up front, not rented monthly
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. 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.
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).
Zeller
£260/mo est.
- Software/mo
- £0/mo (POS Lite)
- Processing rate
- 1.3%
- Hardware
- Terminal 1x £99 / Terminal 2 £149 (excl VAT)
- Contract
- No lock-in
- Industry
- Both
- Est. monthly cost
- £260/mo
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
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