For small businesses looking for a card machine, myPOS is a strong alternative to traditional banking and merchant account services. The card machine provider stands out with no contracts and no monthly fees.
In addition, you get a selection of models to choose from, which means you can easily choose a card machine that fits your needs and budget.
If you’re looking for a small business card machine, myPOS stands out. However, you still want to know as much as possible about the brand, pricing, reviews, and offerings before committing. This review covers all that and more.
Who Are myPOS?
myPOS launched in 2014 as one of the first eBanks on the European market.
It’s also one of the first card machine services to offer instant settlements at no extra charge. That means you can get money from transactions instantly applied to your bank account.
myPOS has also been a merchant acquirer since 2022. This means you can accept card payments without an additional service, except for your business bank account. It also offers debit cards so you can directly spend money from your account.
However, myPOS is not a bank. Instead, it’s an e-money institution, much like PayPal. You’ll pay extra to withdraw funds to your actual bank account as well.
myPOS Card Machine: Features & Benefits
myPOS offers four different card machines, tap-to-pay from your phone, and even payment tags. You can set up taking card payments across any channels you sell on.
Card Machines
myPOS sells four different models of card machines. These are all available for a flat-rate price with no monthly plans available. That means you’ll always pay for exactly what you’re getting.
However, it also means you’ll have to invest in the full card machine upfront. That can be a disadvantage if you want to test a model or see if it’s right for you before committing.
myPOS Go 2
This pocket portable card machine is a perfect starter or micro business model. At just £29, it’s also extremely affordable.
Unlike many similarly priced models, it also has a keypad, meaning you can accept chip and pin payments. The card reader includes a 4G SIM card, Wi-Fi connectivity, and eReceipt function. It also has a 3” screen.
It’s also the only card machine in this price range offering both Magstripe payments and receipts. That makes this a top choice for small businesses looking for a great starter option.
myPOS Go Combo
This card machine costs £169 plus VAT. It’s designed for mobile use. It also has 2 batteries, so you can keep using it all day.
The machine also features a charging and printing dock, so you can recharge the battery wirelessly throughout the day. The dock also includes a printer, making it ideal for use as a flexible countertop or portable model.
The built-in 4G SIM also means you won’t need Wi-Fi or a phone to accept payments. This has a 3” screen.
myPOS Ultra
At £179 to £229 plus VAT, this is the most expensive card machine offered by myPOS. However, it’s also a full payment terminal and PoS.
In fact, you get an app market, Android-based interface, and options to seamlessly connect to most shopping carts and inventory management solutions.
The onboard battery lasts for days. It also includes a built-in printer and a free data SIM card so you can take it anywhere. The 6.5” touchscreen also makes it easy to navigate, even if you’re adding products to the store.
myPOS Carbon
The myPOS Carbon costs £199 plus VAT.
This model includes a printer, app store and marketplace, POS functionality, and a camera for scanning QR and barcodes. It also has an onboard SIM for free mobile payments.
Tap-to-Pay
You can use the myPOS app to accept contactless payments on your iPhone or Android phone.
Online Payment Gateway
myPOS offers an online payment gateway complete with integration into checkout and shopping carts, integration into apps, and an API.
You can set up pay by link, pay with a payment tag, QR codes, payment requests, and much more.
Extras
myPOS offers plenty of extras like:
- Website builder
- Online checkout integration
- Virtual terminals
- Bank cards
- Instant payout
Benefits of myPOS Card Machines
There are a lot of reasons to use myPOS card machines instead of a competitor.
For example, it has one of the most functional budget card machines on the market.
- No monthly payments, you pay for what you use
- Card machines are priced flat-rate, although you will have to buy them upfront
- Free business card
- Flat-rate pricing for transactions so you get transparent and predictable costs
myPOS Card Machine Pricing
myPOS sells all of its card machines for a flat-rate with no monthly fees. In addition, you’ll get “blended” transaction rates, so you pay almost the same fee across all transactions.
Card Present Transactions
- 1.10% + 7p for domestic UK and EEA cards (Debit and credit)
- 2.45% + 7p for American Express
- All other cards 2.85% + 7p
These rates are extremely competitive, especially when you look at domestic UK cards. You can get rates as low as 70p – but with Mastercard and EEA cards covered as well, chances are, you’ll save over that as well.
Card Not Present Transactions
If you’re using pay by link or an online payment gateway, you can expect the following rates:
- 1.30% + 15p for domestic UK and EEA cards
- 2.50% + 15p for American Express
- All other cards 2.90% + 15p
- MO/TO payments are the MO/TO fee + 0.5%
UTP Merchant Services
In 2025, myPOS purchased UTP Merchant Services. All UTP Merchant Services offerings and card machines are now fulfilled by myPOS. For most UTP customers, this means more transparent pricing and no more monthly fees.
myPOS Card Machine vs Competitors
myPOS compares well to its competitors, including traditional banks and other eMoney institutions.
The myPOS card machine’s closest competitors include Lloyds Bank Cardnet, Tyl by NatWest, Handepay, TakePayments, Square, and Teya.
| Provider | myPOS | Lloyds Bank Cardnet | Tyl by NatWest | Handepay | Teya | TakePayments | Square |
|---|---|---|---|---|---|---|---|
| Cardreader Cost | £29-£229 | £21-£23 monthly or £54 upfront | Included in monthly | £10-£30 monthly | £69-£179 | Custom | £19-£599 |
| Monthly Fee | £0 | Custom | £9.99+ | £9.99 | £0 | Yes | £0-£29+ |
| Transaction Fee | 1.10% + 7p – 2.5% + 15p | From 1.75% but usually custom | 1.39% + 5p -1.99% + 5p | Included in monthly | 1.49%-1.9% | 0.3-2.5% | 1.75%-2.5% |
| Online Payment Gateway | Free | Custom Pricing | £14.99 | £19.99 | NA | Custom | Free |
| Payouts | Instant | Next day | Daily | Next day | 1-3 business days | Next day | 1-2 business days, Instant |
| Contract Length | Monthly | 18 months | 12-18 months | 12 months or monthly | Monthly | 12 months or 18 months | Monthly |
| Tap-to-Pay | Yes | Yes | Yes | No | Yes | No | Yes |
| Trustpilot Rating | 4.2 | 3.8 | 4.7 | 4.8 | 4.5 | 4.9 | 4.2 |
Essentially, myPOS compares well on features, pricing, and offerings. That makes it a top choice for nearly any small business.
myPOS Card Machine Reviews & Ratings
myPOS is extremely well reviewed with an average of 4.2 stars across all ratings. Customers cite ease of use, fast setup, real customer service, and transparent fees.
- Most users receive their card machines within a few days of finishing the account setup
- Customer support is always delivered by real people and not a chatbot
- The app and card machines are easy to set up and use
- No hidden or monthly fees
- Very predictable pricing
However, not all reviews are great. For example, some customers cite that it took a week to complete identity verification. In some cases, the tap to pay app also crashes or might have bugs, which means myPOS might not be the best choice if you only want tap to pay.
Who Should Use myPOS?
myPOS is a strong competitor for low-cost card machine providers in the UK. While it has options geared towards micro businesses it scales up, making it a great fit for larger businesses as well.
In addition, myPOS offers discounted transaction rates for organizations earning more than £10,000 per month. However, myPOS is best fit for:
- Contractors and freelancers
- Microbusinesses
- Small retail stores with minimal PoS needs
- Mobile businesses
- SMEs with simple checkout needs
- Omnichannel retail with mostly online sales
If you need a more complex point of sale device with till and registers included, myPOS won’t be able to offer it. However, you can get the basics here and they will be cheaper than most alternatives.
Getting The Best Card Machine For Your Small Business
myPOS offers a strong contender for one of the best budget card machines in the UK. However, there are plenty of other options. Depending on your point of sale needs, transaction volume, and service needs, they might not be the best fit. It’s always a good idea to compare multiple options, so you know you’re getting the best provider for your needs. You’ll want to look at transaction fees, card machine costs, offerings, and customer service. Once you have a total idea of costs and what you’re getting for the money, it’s a lot easier to choose the right card machine provider.
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