myPOS Card Machine Review 2026: Fees, Costs & Readers Quick Answer
myPOS offers card machines from £39 + VAT with card-present transaction fees from 1.10% + £0.07 for domestic consumer cards on its Pay-As-You-Go pricing for businesses processing under £10,000 per month.
There are £0 fixed monthly costs on the standard Pay-As-You-Go card-present plan, while businesses processing more than £10,000 per month can request custom pricing and the current myPOS card-machine range includes:
myPOS Go 2 – £39 + VAT myPOS Flex – £59 + VAT standard listed price myPOS Go Combo – £169 + VAT myPOS Ultra – £179 + VAT
myPOS terminals are standalone devices with built-in connectivity, meaning you don’t need to pair the standard card machines with a smartphone.
A major difference from many UK payment providers is settlement.
Card payments are settled into the linked myPOS business account in seconds rather than being paid directly into an external bank account several working days later.
myPOS is particularly worth comparing if you:
want to buy a low-cost card machine upfront
don’t want fixed monthly processing costs on PAYG pricing
run a small or mobile business
want a standalone terminal with built-in 4G
want instant access to card takings through a myPOS account
take payments at markets, events or customer locations
want physical and online payment options from the same provider
Considering myPOS?
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myPOS Card Machines at a Glance
Feature myPOS
Cheapest current card machine
myPOS Go 2 – £39 + VAT
myPOS Flex
£59 + VAT standard listed price
myPOS Go Combo
£169 + VAT
myPOS Ultra
£179 + VAT
PAYG fixed monthly cost
£0
Domestic consumer card-present fee
1.10% + £0.07
EEA consumer card-present fee
2.20% + £0.07
American Express card-present fee
2.45% + £0.07
Other consumer/commercial card-present fee
2.85% + £0.07
Domestic consumer online card fee
1.30% + £0.15
Built-in 4G
Yes, on applicable terminals
Wi-Fi
Yes
Smartphone required for Go 2
No
Instant settlement
Yes, into myPOS business account
Business account
Included
Business Mastercard
First card free
Online payments
Yes
Tap to Pay
Yes
Businesses over £10,000/month
Custom pricing available
Best suited to
Small businesses, mobile merchants and businesses wanting fast access to takings
Key Takeaways
myPOS card machines currently start from £39 + VAT .
The entry-level myPOS Go 2 is a standalone portable terminal rather than a reader that needs to connect to your phone.
Businesses processing under £10,000 per month can use PAYG pricing with £0 fixed monthly costs .
Domestic consumer card-present payments currently cost 1.10% + £0.07 .
EEA consumer, American Express, commercial and other cards have higher transaction rates.
Businesses processing more than £10,000 per month can request custom rates.
Payments are settled into the myPOS business account in seconds.
myPOS provides a business account with IBAN without a monthly or annual account service fee.
A first myPOS Business Mastercard is available without an issuance fee.
Applicable terminals include built-in 4G connectivity and Wi-Fi.
myPOS also supports online payments and smartphone-based payment acceptance.
The cheapest option depends on your card mix, because not every transaction qualifies for the 1.10% + £0.07 domestic consumer rate.
Compare myPOS with other UK card machine providers
How do we work?
Our comparisons are researched and reviewed by the Compare Your Business Costs editorial team using provider information, official UK guidance and business buying criteria. See how Compare Your Business Costs works.
Authored by: Ally Cox (Business Technology & B2B Services Specialist, 10+ Years’ Experience)
Last Updated: September 2026
Contents
myPOS Card Machine Costs & Fees myPOS uses a different pricing model from many traditional merchant-services providers.
Instead of requiring every small business to request a terminal-rental and processing quote, myPOS publishes upfront prices for its main card machines.
Current standard hardware pricing is:
myPOS Card Machine Current Standard Price Best Suited To
myPOS Go 2
£39 + VAT
Small and mobile businesses
myPOS Flex
£59 + VAT
Businesses wanting a compact smart terminal
myPOS Go Combo
£169 + VAT
Businesses wanting portability plus printed receipts
myPOS Ultra
£179 + VAT
Busier businesses wanting a smart terminal and fast printer
Prices exclude VAT and can change through promotions, so check the current price before purchasing.
myPOS also advertises card-machine rental for eligible businesses through flexible rental plans, subject to business suitability and annual turnover.
myPOS Transaction Fees For businesses processing under £10,000 in monthly card turnover, current card-present Pay-As-You-Go pricing is:
Card Type Current Card-Present Fee
Domestic consumer cards
1.10% + £0.07
EEA consumer cards
2.20% + £0.07
American Express
2.45% + £0.07
Other consumer and commercial cards
2.85% + £0.07
The PAYG plan has £0 fixed monthly costs .
Businesses processing more than £10,000 per month can request a custom offer from myPOS.
Why your card mix matters
The headline 1.10% + £0.07 rate does not apply to every transaction.
For example, a business serving mostly UK consumers could have a very different effective processing cost from one regularly accepting:
EEA-issued cards
American Express
commercial cards
other international cards
Always calculate your likely costs using the cards your customers actually use.
How Much Does myPOS Cost Per Transaction? The combination of a percentage fee and a fixed £0.07 charge means average transaction value matters.
Example: £100 domestic consumer card transaction
At the current PAYG domestic consumer rate – 1.10% of £100 = £1.10
Fixed fee = £0.07
Total transaction cost = £1.17
That would leave £98.83 before any other applicable costs.
Example: £10 domestic consumer card transaction
1.10% of £10 = £0.11
Fixed fee = £0.07
Total transaction cost = £0.18
The fixed £0.07 component therefore matters proportionately more for businesses taking lots of low-value payments.
When comparing myPOS with a provider charging a different percentage or fixed fee, use your:
monthly turnover + number of transactions + average transaction value + card mix.
See our card machine costs guide for more information.
Compare UK card machine rates and fees
myPOS Go 2 The myPOS Go 2 currently costs £39 + VAT
It is a small standalone portable card terminal, and unlike some entry-level card readers, the Go 2 does not need to be connected to a smartphone to process payments.
Key features include:
built-in mobile connectivity
Wi-Fi
chip & PIN
contactless payments
digital-wallet payments
digital receipts by email or SMS
1,000+ transactions on one charge
instant settlement into the myPOS account
At around 180g, it is designed to be highly portable.
Who is the myPOS Go 2 best for?
The Go 2 is particularly relevant to:
sole traders
tradespeople
market sellers
craft fairs
events
mobile businesses
small retailers
businesses wanting a low-cost standalone terminal
Because connectivity is built into the terminal, it can be useful for businesses that take payments away from a permanent premises.
myPOS Flex The myPOS Flex
Its standard listed price is currently £59 + VAT , although myPOS may run promotional pricing.
The Flex is designed to work either:
handheld
on the move
at a counter
It provides smart-terminal functionality while remaining compact enough for businesses that need mobility.
Users can access functions such as:
sales data
tips
refunds
payment functionality directly on the device
The Flex can be particularly interesting for businesses that want more functionality than the Go 2 without moving to the larger Ultra.
myPOS Go Combo The myPOS Go Combo currently costs £169 + VAT
It combines a portable Go-style card reader with a charging and printing dock and the result is a 2-in-1 setup that can be used:
at a countertop
away from the counter
for printed receipts while docked
as a portable standalone payment device
Key features include:
charging dock
receipt printer
built-in 4G SIM
Wi-Fi
standalone operation
extended battery capacity through the combined device and dock
Who is the Go Combo best for?
It can suit businesses that want the flexibility of a portable terminal but still need paper receipts at a fixed checkout.
Examples include:
retailers
cafés
salons
restaurants
service businesses
myPOS Ultra The myPOS Ultra currently costs £179 + VAT and is the most advanced standard terminal in the current myPOS range.
It is an Android-based smart payment terminal with a large touchscreen and integrated high-speed receipt printer.
Features include:
Android operating system
6.5-inch multi-touch display
built-in high-speed printer
built-in 4G SIM
Wi-Fi
AppMarket
long-life battery
more than 1,500 receipt prints on one charge
instant settlement
The Ultra is aimed more towards businesses processing larger numbers of transactions.
Who is myPOS Ultra best for?
It can be great for:
busy retailers
restaurants
hospitality businesses
businesses with queues
merchants wanting printed receipts
businesses wanting smart-terminal functionality
If you only process a small number of transactions, the additional hardware cost may be unnecessary.
myPOS Connectivity & Mobile Data One of myPOS’s useful hardware features is built-in connectivity.
Applicable myPOS terminals include a pre-installed 4G SIM with mobile data as well as Wi-Fi.
myPOS currently provides the terminal’s mobile-data connectivity without a separate monthly data charge.
This can be particularly useful for:
markets
events
tradespeople
mobile services
delivery businesses
hospitality venues
businesses wanting a connectivity backup
It also means a Go 2 does not need to rely on a connected smartphone simply to process a card transaction.
myPOS Instant Settlement One of the biggest differences between myPOS and many card-machine providers is how businesses receive their money.
myPOS settles eligible card-payment funds into the merchant’s myPOS account in seconds.
myPOS currently describes this as access to money in under three seconds, 24/7.
That means businesses don’t generally have to wait for a conventional T+1, T+2 or T+3 payout into the linked myPOS account.
This can be useful for businesses with tight cash flow, including:
retailers buying stock
restaurants purchasing ingredients
tradespeople purchasing materials
small businesses needing rapid access to daily takings
However, there is an important distinction.
The money is settled into your myPOS business account.
That is not the same thing as saying the payment appears instantly in an unrelated external UK bank account and businesses should therefore consider how they intend to access, spend or transfer their myPOS balance.
myPOS Business Account Using myPOS involves more than simply purchasing a card reader.
Businesses sign up for a myPOS business account , into which their card-payment proceeds are settled and myPOS currently lists:
merchant account with IBAN – free
monthly account service fee – free
annual account fee – free
first Business Mastercard issuance – free
The linked Business Mastercard can be used to access and spend funds from the account, and this structure is one of myPOS’s most distinctive features.
Consider the complete movement of your money, not just how quickly the initial card transaction settles.
myPOS Business Mastercard myPOS provides a Business Mastercard linked to the merchant account.
The first card is currently issued without an issuance fee.
Businesses can use the card for:
in-store purchases
online purchases
accessing their available myPOS funds
Additional cards and some other card services can carry charges.
ATM withdrawals also have fees, so your business card can therefore be useful for spending settled card takings directly, but businesses expecting to make frequent cash withdrawals should check the current withdrawal tariff.
myPOS Online Payment Fees myPOS isn’t limited to physical card machines.
Businesses can also use myPOS for online/card-not-present transactions.
Current standard online pricing includes:
Online Payment Type Current Fee
Domestic consumer cards
1.30% + £0.15
American Express
2.50% + £0.15
Other consumer and commercial cards
2.90% + £0.15
Mail order / telephone order
Online payment fee + 0.5%
These rates differ from physical card-present transactions.
That matters for businesses selling through multiple channels.
For example, a retailer taking payments in store + online + over the phone
should calculate the expected fees for each channel rather than applying the 1.10% card-present rate to all sales.
myPOS Tap to Pay myPOS also offers smartphone-based card acceptance.
This allows eligible businesses to take contactless payments using a compatible phone without needing a separate physical card machine.
Tap to Pay can be useful for:
sole traders
mobile businesses
tradespeople
events
pop-up shops
businesses wanting an additional payment point
It can also act as a useful alternative or backup where purchasing another physical terminal isn’t necessary.
Check current device compatibility and transaction pricing before deciding whether Tap to Pay or a physical myPOS terminal is better for your business.
Which myPOS Card Machine Should You Choose?
If You Need… Consider
Lowest upfront hardware cost
myPOS Go 2
Simple standalone portable payments
myPOS Go 2
Compact smart-terminal functionality
myPOS Flex
Portable payments plus paper receipts at a dock
myPOS Go Combo
Large touchscreen and integrated fast printer
myPOS Ultra
High transaction volume
myPOS Ultra
No additional physical terminal
myPOS Tap to Pay
The Go 2 will be enough for many small businesses, so paying more for a smart terminal makes more sense when the additional functionality will genuinely improve your checkout process.
Who Is myPOS Best For?
Business Why myPOS May Be Worth Comparing
Sole trader
Low-cost hardware and no fixed PAYG monthly processing cost
Tradesperson
Portable standalone terminal with built-in mobile connectivity
Market trader
Go 2 portability, 4G and low upfront hardware cost
Mobile service business
Standalone terminals and Tap to Pay options
Small retailer
Go 2, Flex, Go Combo and Ultra provide several hardware choices
Café
Portable terminals and instant access to takings
Restaurant
Portable/smart hardware and receipt-printing options
Event business
Built-in mobile data and portable terminals
Online + physical seller
Card machines and online payment acceptance from one provider
myPOS will be less suitable if… Compare alternatives particularly carefully if:
you want card takings paid directly into your existing external bank account
you regularly accept a high proportion of commercial or non-domestic cards
your transactions are extremely low value and the £0.07 fixed fee materially affects your effective rate
you process enough card turnover to negotiate significantly lower bespoke merchant-service rates elsewhere
you want a traditional merchant-services relationship with rented terminals and individually negotiated pricing
Published pricing makes myPOS easy to assess, but easy-to-understand pricing does not automatically mean lowest-cost pricing.
myPOS Alternatives myPOS competes most directly with other providers offering straightforward card machines and payment services.
Provider Worth Comparing For
SumUp Small businesses wanting simple card readers and published pricing
Square Small businesses wanting payments and a broad POS ecosystem
Revolut Published rates, business banking and multi-currency payments
PayPal POS Businesses wanting PayPal-linked payment and POS services
Dojo Established businesses wanting modern terminals and merchant services
Paymentsense SMEs wanting tailored merchant services and integrated payments
Handepay SMEs comparing dedicated merchant-service pricing
DNA Payments Businesses needing broader omnichannel payment infrastructure
Global Payments Established businesses needing tailored multi-channel merchant services
Compare myPOS alternatives and card machine quotes
myPOS vs SumUp myPOS and SumUp are natural alternatives for small businesses wanting to avoid a traditional card-machine rental package.
Both offer:
upfront card-reader purchases
published transaction pricing
portable payments
online payment options
solutions aimed at smaller merchants
One of myPOS’s biggest differentiators is the standalone connectivity of devices such as the Go 2 and instant settlement into the myPOS business account .
When comparing myPOS and SumUp, look at:
hardware cost
transaction percentage
fixed per-transaction fee
card mix
settlement
how you want to access your takings
online payment requirements
See our SumUp card machine review .
myPOS vs Square Square is another strong alternative for small businesses.
Square is particularly notable for the breadth of its POS software and business-management ecosystem.
myPOS stands out for standalone portable terminals, built-in mobile connectivity and instant settlement into its linked business account.
The better fit depends on whether your priority is:
POS software and business tools → compare Square closely
or portable standalone hardware and rapid access to takings → compare myPOS closely
Transaction costs should still be calculated using your own turnover and average sale value.
See our Square card machine review .
myPOS vs Revolut myPOS and Revolut both combine card acceptance with a wider business account/payment ecosystem.
Both also publish standard payment rates rather than requiring every small merchant to obtain a bespoke processing quote.
myPOS has a broad range of low-cost physical terminals, starting with the Go 2.
Revolut combines payments closely with its wider business banking and multi-currency proposition.
Compare:
hardware prices
transaction fees
fixed transaction charges
international/commercial card rates
business-account functionality
online payments
settlement
See our Revolut card machine review .
myPOS vs Dojo myPOS and Dojo target somewhat different merchant profiles.
myPOS makes it easy for a smaller business to buy a terminal upfront and start on published PAYG pricing.
Dojo is more closely aligned with traditional merchant services for businesses processing regular card volumes.
As turnover increases, it becomes increasingly important to compare:
negotiated transaction rates
terminal costs
fixed transaction charges
settlement
contract terms
total annual processing cost
A PAYG provider can be attractive at one level of turnover while a tailored merchant-service quote may become more competitive at another.
See our Dojo card machine review .
myPOS Pros & Cons advantages
Card machines from £39 + VAT
Published PAYG transaction pricing
£0 fixed monthly processing costs on standard PAYG pricing
No long-term commitment required for standard purchased PAYG terminals
Standalone Go 2 does not require a smartphone
Built-in mobile data on applicable terminals
Wi-Fi connectivity
Instant settlement into the myPOS business account
Business account without standard monthly or annual account service fees
First Business Mastercard issued free
Several terminal choices
Online payments available
Tap to Pay available
Custom pricing available above £10,000 monthly card turnover
disadvantages
The 1.10% + £0.07 headline rate applies to domestic consumer card-present transactions rather than every card
EEA, American Express, commercial and other cards have higher rates
The fixed £0.07 fee can have more impact on very low-value transactions
Instant settlement goes into the myPOS account rather than directly into an unrelated external bank account
Some account/card activities such as cash withdrawals carry additional fees
High-volume merchants should compare custom merchant-service quotes rather than automatically remaining on PAYG pricing
Our View: When myPOS Makes Sense myPOS is one of the more interesting options for a small business that wants a proper standalone card machine without taking on a conventional terminal-rental contract .
The £39 + VAT Go 2 is particularly important.
At that price, businesses get a standalone portable terminal with built-in connectivity rather than a basic reader that has to rely on a paired smartphone.
That creates a strong use case for:
sole trader → Go 2 market/event seller → Go 2 mobile business → Go 2 or Tap to Pay small shop → Flex or Go Combo busy retailer/hospitality business → Ultra
The other standout feature is settlement.
Receiving card takings into the myPOS account in seconds can be useful for businesses that need rapid access to cash flow.
However, there are two important cost considerations.
First, 1.10% + £0.07 is not the rate for every card . Commercial and non-domestic transactions can cost considerably more.
Second, the fixed £0.07 element means transaction size matters.
For businesses processing thousands of very small payments, even a small fixed transaction fee can materially affect the effective percentage cost.
Businesses with more than £10,000 monthly card turnover should also compare bespoke pricing.
At higher processing volumes, don’t assume PAYG is automatically cheaper than a negotiated merchant-services package.
myPOS therefore looks strongest for smaller and mobile businesses that value low upfront hardware costs, standalone connectivity, transparent pricing and rapid access to card takings.
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What to Check Before Choosing myPOS Before choosing myPOS, calculate:
Your expected monthly card turnover.
Your average transaction value.
How many transactions you process.
What proportion are domestic consumer cards.
How many EEA or international cards you accept.
How many commercial cards you accept.
Whether you regularly accept American Express.
Which terminal you actually need.
Whether you need printed receipts.
Whether instant settlement into a myPOS account is useful to you.
How you intend to move or spend money from that account.
Whether you also need online payments.
Whether your turnover qualifies you for custom pricing.
How the resulting annual cost compares with alternative providers.
Don’t choose based solely on the £39 terminal price. Transaction fees normally matter far more over the life of the card machine.
myPOS Card Machine FAQs What is myPOS?
myPOS is a payment provider offering physical card machines, business payment accounts, online payments, business cards and other payment services.
How much is a myPOS card machine?
The myPOS Go 2 currently costs £39 + VAT. The current standard listed prices are £59 + VAT for myPOS Flex, £169 + VAT for Go Combo and £179 + VAT for myPOS Ultra. Promotional prices can vary.
How much is the myPOS Go 2?
The myPOS Go 2 currently costs £39 excluding VAT.
How much is the myPOS Ultra?
The myPOS Ultra currently costs £179 excluding VAT.
How much is the myPOS Go Combo?
The myPOS Go Combo currently costs £169 excluding VAT.
What are myPOS transaction fees?
For businesses processing under £10,000 per month, current card-present PAYG fees start at 1.10% + £0.07 for domestic consumer cards.
Does every myPOS transaction cost 1.10% + £0.07?
No. EEA consumer cards currently cost 2.20% + £0.07, American Express costs 2.45% + £0.07 and other consumer and commercial cards cost 2.85% + £0.07 under standard card-present pricing.
Does myPOS charge a monthly fee?
The standard Pay-As-You-Go card-present proposition currently has £0 fixed monthly costs. The myPOS merchant account also has no standard monthly or annual account service fee. Other optional services and exceptional charges can still apply.
Does myPOS require a contract?
myPOS promotes its standard purchased terminal proposition without a long-term commitment. Rental arrangements and other services can have separate terms, so check the conditions applying to the option you choose.
Does myPOS need a phone?
The myPOS Go 2 is a standalone card machine and does not need to connect to a smartphone to process payments.
Does myPOS need Wi-Fi?
Applicable myPOS terminals have built-in mobile connectivity as well as Wi-Fi, so they don’t have to rely exclusively on Wi-Fi.
Does myPOS charge for mobile data?
myPOS includes built-in mobile data with applicable card terminals without a separate monthly connectivity fee.
How quickly does myPOS pay out?
myPOS says card-payment proceeds can be settled into the merchant’s myPOS account in under three seconds, 24/7.
Does myPOS pay directly into my bank account?
Card-payment proceeds are initially settled into your myPOS business account. Businesses can then access or move those funds using the services available through the account.
Does myPOS provide a business account?
Yes. myPOS provides a merchant account with IBAN. Its current standard account pricing lists no monthly or annual account service fee.
Does myPOS provide a business card?
Yes. A myPOS Business Mastercard is available, with the first card currently issued without an issuance fee.
Does myPOS accept Apple Pay?
Yes. Applicable myPOS terminals accept digital-wallet payments including Apple Pay and Google Pay.
Does myPOS accept contactless cards?
Yes. myPOS terminals support contactless card payments.
Does myPOS accept American Express?
Yes. Current standard card-present American Express pricing is 2.45% + £0.07 per transaction for businesses within the relevant PAYG pricing tier.
Can myPOS take online payments?
Yes. myPOS provides online payment services as well as physical card machines.
What are myPOS online payment fees?
Current standard domestic consumer online card pricing is 1.30% + £0.15. American Express is 2.50% + £0.15 and other consumer and commercial cards are 2.90% + £0.15.
Does myPOS offer Tap to Pay?
Yes. myPOS offers smartphone-based contactless payment acceptance for eligible devices.
Is myPOS good for market traders?
The portable Go 2, built-in mobile connectivity and low upfront hardware cost make myPOS particularly relevant to markets, fairs, events and other mobile businesses.
Is myPOS good for sole traders?
It can be. The combination of inexpensive hardware, PAYG pricing and no fixed monthly processing cost can suit sole traders with relatively modest card turnover.
Is myPOS good for restaurants?
myPOS offers portable and smart terminals suitable for hospitality, including the Go Combo and Ultra. Restaurants should compare the complete payment and EPOS functionality they need rather than hardware price alone.
Is myPOS cheaper than SumUp?
It depends on your average transaction value, card mix, turnover and hardware requirements. Compare the actual annual processing cost rather than only the percentage fee.
Is myPOS cheaper than Square?
There is no universal answer. Square and myPOS use different hardware, pricing and wider service structures. Calculate your expected fees using your own transaction profile.
Is myPOS cheaper than Revolut?
It depends on the cards your customers use and your transaction values. Both publish standard rates, making a direct calculation possible. Include hardware and account requirements as well as processing fees.
What are the best alternatives to myPOS?
Relevant alternatives include SumUp, Square, Revolut, PayPal POS, Dojo, Paymentsense, Handepay, DNA Payments and Global Payments.
Should I choose myPOS?
myPOS is worth comparing if you want inexpensive standalone hardware, published PAYG pricing, built-in connectivity and rapid access to card takings. Higher-volume businesses and merchants accepting many commercial or international cards should compare bespoke alternatives as well.
Compare myPOS Card Machine Quotes myPOS provides several ways for UK businesses to accept payments, including:
myPOS Go 2
myPOS Flex
myPOS Go Combo
myPOS Ultra
Tap to Pay
online payments
Its combination of low upfront hardware prices, published transaction fees and instant settlement makes it particularly easy to compare with other providers.
But the cheapest hardware doesn’t necessarily produce the cheapest payment processing overall.
Use your actual card turnover, transaction count and card mix to compare annual costs.
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Related Card Payment Guides Hi, I’m Ally Cox , a senior copywriter and blogger at CompareYourBusinessCosts.co.uk, the UK’s trusted platform for comparing business services.over a decade of experience in the B2B sector, I specialise in simplifying complex topics like leased lines, VoIP, business energy, HR and payroll solutions, accounting software, and EPOS systems .HR, copywriting, and business operations- from clocking-in systems to card machines and office technology .informed, confident decisions when choosing products and services that improve efficiency and save money.
