Banking Services Cards: myPOS Europe offers Faster Payments

myPOS Europe partners with Faster Payments Service

myPOS Europe, a card payments provider to small and medium-sized businesses to offer even faster and better money transfers to its customers.

This will change the game for merchants who use the myPOS service, empowering them to send and receive GBP Payments almost immediately – 7 days a week, 24 hours a day, 365 Days a year!

Instant settlement has always been of utmost importance for myPOS, who is among the first and the few providers on the market to guarantee immediate pay-out to the merchants account within seconds from a received payment through its various payment channels.

myPOS is also in the frontline of financial institution participants in the SEPA Instant Payment scheme, which creates a pan-European payment structure enabling businesses and individuals to send and receive Euro payments within 10 seconds across 34 European markets.

Now, myPOS clients operating in the UK or dealing with UK partners and suppliers can benefit from instantaneous payments, reducing payment times from three days to typically a few seconds.

myPOS in a nutshell:

  • Real-time transaction processing
  • Free e-money account and Business Visa debit card
  • Online banking platform
  • No monthly fees or contracts
  • Portable payment devices with free internet across Europe
  • Highly competitive transaction fees
  • AppMarket platform integrating myPOS apps or third-party apps

Memberships and partnerships

myPOS is a member of Vendorcom and is licensed by the Financial Conduct Authority (FCA), UK.