myPOS review
Updated September 28, 2026 · HodlCue Editorial Team · Facts checked September 26, 2026
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Our verdict
myPOS suits sole traders and small firms that want a card which spends the balance already in the business account. The monthly fee is £0, the card is a debit one, and cashback sits at 0.1%. The catch is fees outside the monthly figure.
Key facts
- Best for
- Business accounts that pay for goods in other currencies and want no monthly card charge.
- Monthly fee
- £0↗
- Card type
- Debit↗
- Cashback rate
- 0.1%↗
- Card network
- Mastercard↗
- Currencies
- up to 50↗
- Legal entity
- myPOS Limited↗
- Headquarters
- Ireland↗
- Founded
- 2012↗
- Support channels
- Help-centre, Phone, Email↗
- Features
- Multi-currency, Virtual card
- Audience
- Business
- Official website
- mypos.com
Facts checked September 26, 2026, 6 sources
Apps and profiles
- Get the app
- Google Play
- Elsewhere
- WikidataLinkedInXTrustpilot
Pros and cons
Pros
- Monthly fee of £0 for a business account
- Cashback of 0.1% on spending
- Multi-currency and virtual cards available through multi currency and virtual card
- Runs on the mastercard network
Cons
- The cost case rests on £0 alone, with a currency conversion fee that the pack does not price
- A debit card tied to business use only, so it does not fit personal spending
- Support runs on help centre, phone and email
Who it suits
- Sole traders who pay suppliers abroad and want a 0.1% cashback return
- Firms that need a multi currency and virtual card card
- Businesses that already hold their balance with myPOS
Who should look elsewhere
- People who want a personal card, since the card is built for business accounts
- Anyone who needs a physical card in a single currency only
- bunq, if you want a personal account with its own card tiers
Safety and regulation
myPOS holds a Financial Conduct Authority licence as myPOS Payments, an electronic money institution in the UK, plus a Central Bank of Ireland registration. The licence numbers are 900826 and PSD_EMI IE_CBI!C475122. Two authorisations mean the account sits under UK and Irish oversight rather than an offshore regime.
Who runs it
The card is issued by myPOS Limited, registered in Ireland, and the company has been trading since 2012. Both the UK Financial Conduct Authority licence for myPOS Payments and the Irish Central Bank registration sit behind the same brand. Help runs through help centre, phone and email, so a stuck payment has more than one route to a human.
How myPOS compares
8.9 vs 9.4
8.9 vs 9.0
8.9 vs 8.2
8.9 vs 9.5
8.9 vs 9.6
8.9 vs 9.0bunq also charges a monthly fee of €0, but it is pitched at personal accounts rather than business cards.
8.9 vs 9.1Bitpanda also lists a monthly fee of €0, so the deciding factor is the 0.1% cashback and the multi-currency option.
8.9 vs 8.9
8.9 vs 8.1
8.9 vs 8.2
8.9 vs 9.5
8.9 vs 9.4
8.9 vs 9.2
8.9 vs 9.1
8.9 vs 9.0
8.9 vs 8.9- 8.9 vs 8.8
8.9 vs 8.8
8.9 vs 8.6
8.9 vs 8.5
8.9 vs 8.3
Where myPOS is available
- Available
- Austria, Belgium, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland, United Kingdom
- Licence in United Kingdom
- Financial Conduct Authority (FCA) - myPOS Payments, Electronic Money Institution (900826), checked September 26, 2026
- Licence in Ireland
- IE_CBI (PSD_EMI IE_CBI!C475122), checked September 26, 2026, also valid in Austria, Belgium, Bulgaria, Cyprus, Czechia, Germany, Denmark, Estonia, Spain, Finland, France, Greece, Croatia, Hungary, Ireland, Iceland, Italy, Liechtenstein, Lithuania, Luxembourg, Latvia, Malta, Netherlands, Norway, Poland, Portugal, Romania, Sweden, Slovenia, Slovakia
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does the myPOS business card cost each month?+
The monthly fee is £0. That is the standing charge for the account, and it sits at the site median of €0. Currency conversion is the cost that can still bite, and the pack does not put a figure on it.
How much cashback does the card pay?+
Cashback runs at 0.1% on card spending. It applies to the business card, not to a personal product, since the card is built for business accounts. The rate is worth weighing against the conversion fee if you pay in foreign currencies.
What type of card is the myPOS business card?+
It is a debit card, so spending is limited to the balance in the business account rather than a credit line. It runs on the mastercard network. Card options include multi currency and virtual card.
Who regulates myPOS?+
Two authorisations cover the brand: a Financial Conduct Authority licence in the UK, number 900826, and Irish Central Bank registration PSD_EMI IE_CBI!C475122. Both are electronic money permissions, so the funds side is regulated on two fronts.
Can the card hold more than one currency?+
Yes, multi-currency is one of the listed multi currency and virtual card, alongside a virtual card. That suits a firm that buys from several markets, though a currency conversion fee applies on non-account currency spend.
Who can open the myPOS business card?+
It is aimed at business users, so a registered business or sole trader rather than an individual. The legal entity behind it is myPOS Limited, registered in Ireland. Personal shoppers should look at a personal account instead.
How do I get help if a payment is blocked?+
Support runs on help centre, phone and email, which includes help centre, phone and email themselves. There is no live chat listed, so a phone call or email is the direct route. The company has been running since 2012.
Is there any charge for holding the account in other currencies?+
Currency holding sits within the multi currency and virtual card cards, so a multi-currency setup is available on the same account. Conversion itself is charged, and the pack gives no rate, so check the published fee before committing to heavy overseas spend.
Sources
- euclid.eba.europa.eu/register/downloads/PSDMD/20260926/do... checked September 26, 2026
Backs: Headquarters, Legal entity, Licences
“EntityCode=IE_CBI!C475122; EntityType=PSD_EMI; ENT_NAM=myPOS Limited”
- help.mypos.com/hc/en-gb/articles/6853409501469-Types-of-m... checked September 26, 2026
Backs: Features
“Standard Card: Linked to your free account in one of the supported currencies ... Spend in any currency at the interbank exchange rate ... Virtual card: Your myPOS virtual card is built for secure,...”
- help.mypos.com/hc/en-gb/search checked September 26, 2026
Backs: Currencies
“Multi-currency IBANs: Access up to 50 different IBAN accounts in multiple currencies with a single IBAN.”
- mypos.com/en-gb/affiliates checked September 26, 2026
Backs: Support channels
“Should you have any further questions, you can contact us at [email protected]. We will be happy to answer any enquiries you may have.”
- mypos.com/en-gb/business-card checked September 26, 2026
Backs: Free ATM withdrawals, Audience, Card type, Cashback rate, Card network
“Standard card: 3 free ATM withdrawals per month; Premium: 3 free ATM withdrawals per month; Metal: 5 free ATM withdrawals per month”
- mypos.com/en-gb/our-story checked September 26, 2026
Backs: Founded
“inspired us to get started in 2012 when we saw a chance to offer EU merchants more freedom”
- mypos.com/en-gb/pricing-and-fees checked September 26, 2026
Backs: Monthly fee
“Standard card: Free for the first card; Business Mastercard card Free; fixed monthly costs GBP 0”
Compiled from 7 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Currency conversion fee, Free ATM withdrawals, Protection.
myPOS
Business accounts that pay for goods in other currencies and want no monthly card charge.