Compare myPOS card readers

Barclaycard Payments Smartpay Touch

£29 a month + VAT

• Card reader & online portal
• Low transaction fees
• Free Accounting plan

Designed to help simplify business admin

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The myPOS range

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Name	Product	Initial cost	Monthly cost	Transaction cost	Contract	Networks	Key benefits	Link
myPOS Carbon myPOS Carbon		£209	Subject to status	1.1% + 7p	No contract			Read review View details		loading Fetching your data...
myPOS Go myPOS Go		£39	Subject to status	1.1% + 7p	No contract			Read review View details		loading Fetching your data...
myPOS Slim myPOS Slim		£189	Subject to status	1.1% + 7p	No contract			Read review View details		loading Fetching your data...

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What is myPOS?

Every year, fewer and fewer people are shopping with cash; and according to UK Finance, contactless card use now makes up a third of all payments. No matter how small your business is, if you can offer your customers the use of a card reader, you’re almost certain to make more sales than you otherwise would. You’ll avoid the security risks of a cash-only business, too.

myPOS (launched in 2012) is an in-person, online and mobile payment solutions brand aiming to be affordable for small and medium-sized businesses.

Do myPOS card readers have the features you need? Here’s what you need to know.

More about myPOS card readers

Below are the key features for each of the myPOS card readers:

myPOS Go

• Upfront cost of £39
• Fully portable thanks to integrated SIM card with 3G/4G coverage
• Accepts contactless, mobile, NFC, chip & PIN and Magstripe payments
• 30 days money-back guarantee
• Designed to last all day

myPOS Carbon

• Upfront cost of £209 plus VAT
• Robust, shock-proof device suitable for hazardous workplaces
• Accepts contactless, mobile, NFC, chip & PIN and Magstripe payments
• 30 days money-back guarantee
• Work in conjunction with the free myPOS Android app
• Designed to last all day. Charging dock sold separately or as part of a bundle

myPOS Slim

• Upfront cost of £189 plus VAT
• Ultra-light contactless card reader with a barcode scanner
• Accepts contactless, mobile, NFC chip & PIN and Magstripe payments
• 30 days money-back guarantee
• Work in conjunction with the free myPOS Android app
• Designed to last all day

Transaction costs for myPOS card machines

Card present:

• 1.1% + 7p
• Amex: 2.45% + 7p
• All other cards (inc. commercial): 2.85% + 7p

Card not present (e.g. payment link):

• 1.3% + 7p
• Amex: 2.50% + 15p
• All other cards (inc. commercial): 2.9% + 15p

How to order a myPOS card machine

Once you’ve done your research, if you decide a device from the myPOS range is the right card reader for you, visit the MyPOS website and order online. Your device will be delivered from a local myPOS store within 3 days.

Pros and cons

Our verdict

myPOS has several machines to choose from. Whether you need a card reader for on the go or docked into your professional set-up, one of these models could work for you.

On the whole, myPOS customers seem keen, but there are some who have also raised concerns about the fee, the set-up process and the brand’s response when something goes wrong.

Compared to rivals, myPOS card readers have transaction costs on the lower side and benefit from having no monthly costs; but, with the exception of the extremely reasonably priced myPOS Go, the upfront price is higher than for many competitors. However, it does have an impressively speedy settlement period.

Overall, myPOS offers a few choices that could suit small or medium businesses. Whether you choose one from this range or a different brand depends on your business’s needs. Use our handy guide to compare a range of card machines and make an informed decision.

myPOS reader customer reviews

myPOS has an overall rating of “great” on Trustpilot (updated December 2022), with 4.2 out of 5 stars based on more than 6,000 reviews. Most customers are full of praise for the machines themselves and for the brand’s customer service. Negative reviews refer to the higher fee, difficulties in providing the necessary documentation for set-up and some problems accessing tech support when things go wrong.

Frequently asked questions

• How do I use my myPOS reader?

  You just input the payment amount in the card payment machine and ask your customer to pay by inserting, swiping or tapping their card, mobile device or NFC wearable. Your device will then read the card information. If there are sufficient funds in the customer’s account, the reader will accept the payment and transfer it to your free merchant account. Depending on whether you’ve chosen a myPOS device with a printer, you can then either print a receipt or send it to your customer by email or SMS.

• How do I activate my myPOS card reader?

  Follow these steps to get your card reader ready to use:

  1. Sign up for an account and download the app
  2. Go through the online identification and merchant verification process in the app
  3. Connect your mobile payment terminal and business card to the account

• Do MyPOS card readers accept Amex?

  Yes, MyPOS card readers accept all major credit and debit cards, including Amex; but they do charge a higher transaction fee for Amex than for most other cards.