MyPOS Review
Comprehensive review and analysis of MyPOS's digital banking services
Quick Facts
- Founded
- 2014
- Head Office
- United Kingdom
- Active Customers
- 150,000+
- Total Funding
- Private
- Employees
- 300+
- App Store Rating
- 4.2/5
Pros & Cons
Pros
- Integrated payments
- Next-day settlement
- Free business account
- Multiple currencies
- Mobile POS solutions
- Online payments
Cons
- Hardware costs
- Transaction fees
- Limited banking features
- Complex pricing
Supported Countries
- United Kingdom
- European Union
Fees
- Account Maintenance Free
- Card Processing From 1.1%
- Terminal Rental From £9.90/month
- Online Payments From 1.3%
- Bank Transfers Free
Overview
MyPOS has provided integrated payment solutions since 2014. Their platform combines payment processing with business banking features, offering a comprehensive solution for merchants and small businesses.
Key Features
Payment Processing
- Card payments
- Contactless
- Mobile payments
- Online payments
- Payment links
- QR payments
Banking Services
- Business account
- Multi-currency
- Instant settlement
- Card issuing
- Money transfers
- Direct debits
Business Tools
- Sales analytics
- Inventory management
- Staff accounts
- Receipt printing
- Invoice creation
- Reporting tools
Online Solutions
- Payment gateway
- Virtual terminal
- E-commerce plugins
- API integration
- Payment links
- Recurring payments
Security Features
- PCI DSS compliance
- Fraud prevention
- Transaction monitoring
- Chargeback protection
- Data encryption
- Secure authentication
Customer Support
- 24/7 support
- Technical assistance
- Email support
- Help center
- Training resources
- Merchant support
Verdict
MyPOS excels in providing integrated payment and banking solutions for businesses. Their combination of hardware, software, and banking services makes them particularly valuable for merchants needing a complete payment processing solution.
While hardware costs and transaction fees apply, the free business account and next-day settlement offer good value. The main limitations are the complex pricing structure and limited banking features, but for businesses seeking an all-in-one payment solution, MyPOS offers an excellent package.