myPOS
London-based European payment platform with card readers and POS terminals, no monthly fee below £10,000 turnover
Quick Overview
| Company | myPOS World Ltd |
|---|---|
| Category | POS Software |
| Headquarters | London, United Kingdom |
| Founded | 2014 |
| EU Presence | United Kingdom (adequacy decision, outside the EEA) |
| Open Source | No |
| Pricing | From 1.10% + £0.07 per transaction on domestic consumer cards, no fixed monthly cost below £10,000 monthly turnover; custom pricing above that |
| Free Option | No monthly fee tier, pay only when you get paid |
| Replaces | Square, PayPal Zettle |
Detailed Review
myPOS is a London-based payment platform offering card readers and mobile POS terminals across Europe, and its headline number undercuts everything else in this category: domestic consumer cards cost 1.10% plus £0.07 per transaction, with no fixed monthly charge below £10,000 in monthly turnover.
That is cheaper than SumUp's 1.69%, Zettle's 1.75%, and competitive with Flatpay's flat 0.99% once the small per-transaction add-on is netted out at low volumes. Above £10,000 a month, myPOS moves to a custom quote rather than a published rate, which is where the comparison needs redoing.
The product covers the same ground as the other payment-first entries here: card readers, a point of sale app, online and card-not-present payments, and a business account, so a market trader or small shop runs payments and reporting from one login. myPOS has been trading since 2014 and is authorised and regulated in the UK by the Financial Conduct Authority, with country-specific legal agreements covering merchants across the EEA.
What it does not offer is a hospitality-specific till: no table management, no kitchen display, nothing for a restaurant that needs fiscal compliance rather than a card reader.
The jurisdictional position is the detail to weigh. myPOS is a UK company operating under the UK's GDPR adequacy decision rather than EU establishment — the same position as Epos Now in this category, and one step behind the EU-incorporated processors like SumUp or Flatpay.
For a business that mainly cares about the lowest processing rate and a straightforward card reader, that distinction rarely matters in practice; for one that specifically wants an EU-established processor, SumUp or Flatpay remain the closer fit.
What myPOS does well
- From 1.10% + £0.07 per transaction, no monthly fee below £10k
- Cheapest published domestic card rate in this category
- Card readers, POS app, online payments and a business account
- FCA-regulated since 2014, operating across the EEA
- Custom pricing available for higher-volume merchants
Where myPOS falls short
- UK jurisdiction, not EU establishment
- No table management or kitchen display
- Custom pricing above £10,000 monthly turnover
- No fiscal-compliance features for hospitality
Standout feature. The lowest published per-transaction rate in this category, with no monthly fee below £10,000 in turnover.
Pros and Cons
Pros
- From 1.10% + £0.07 per transaction, no monthly fee below £10k
- Cheapest published domestic card rate in this category
- Card readers, POS app, online payments and a business account
- FCA-regulated since 2014, operating across the EEA
- Custom pricing available for higher-volume merchants
Cons
- UK jurisdiction, not EU establishment
- No table management or kitchen display
- Custom pricing above £10,000 monthly turnover
- No fiscal-compliance features for hospitality
Alternatives to myPOS
Frequently Asked Questions
What is myPOS?
myPOS is a London-based payment platform offering card readers and mobile POS terminals across Europe, and its headline number undercuts everything else in this category: domestic consumer cards cost 1.10% plus £0.07 per transaction, with no fixed monthly charge below £10,000 in monthly turnover.
That is cheaper than SumUp's 1.69%, Zettle's 1.75%, and competitive with Flatpay's flat 0.99% once the small per-transaction add-on is netted out at low volumes. Above £10,000 a month, myPOS moves to a custom quote rather than a published rate, which is where the comparison needs redoing.
Where is myPOS based?
myPOS operates from London, United Kingdom, which places it under United Kingdom (adequacy decision, outside the EEA).
What does myPOS cost?
From 1.10% + £0.07 per transaction on domestic consumer cards, no fixed monthly cost below £10,000 monthly turnover; custom pricing above that. No monthly fee tier, pay only when you get paid.
Who is myPOS best for?
Small merchants wanting the cheapest domestic card rate. The lowest published per-transaction rate in this category, with no monthly fee below £10,000 in turnover.
What are the drawbacks of myPOS?
UK jurisdiction, not EU establishment. No table management or kitchen display. Custom pricing above £10,000 monthly turnover. No fiscal-compliance features for hospitality.