1. General Questions

1.1. What changes on 1 January 2026?

From 1 January 2026, Bulgaria will officially adopt the euro (EUR) as its national currency. The exchange rate is fixed and permanent – 1 euro = 1.95583 leva.

1.2. What does this mean for myPOS customers?

All myPOS customers established in the Republic of Bulgaria – both new and existing – will start operating with euro (EUR) as their main currency starting 1 January 2026.

Customers who already use myPOS and have accounts in Bulgarian leva (BGN) will continue to operate without interruption, as their accounts will be automatically converted into euro on 1 January 2026 at the standard BNB exchange rate – 1 EUR = 1.95583 BGN.

Starting1 December 2025 accounts of new customers will be opened directly in euro (EUR) with myPOS Ltd. (Ireland).

1.3. What is the exchange rate for myPOS services before 1 January 2026?

For all myPOS customers, no currency markup or conversion fee applies to any operations between Bulgarian leva (BGN) and euro (EUR) – including transfers, card payments, withdrawals and accepting payments. They are carried out at the fixed BNB rate: 1 EUR = 1.95583 BGN.

2. Accounts and Currency

2.1. In what currency will my account be?

After the introduction of the euro, the main currency for all myPOS customers established in the Republic of Bulgaria will be euro (EUR).

Accounts in Bulgarian leva (BGN) will not be supported, as Bulgaria will already be part of the eurozone.

2.2. Will I be able to receive or send transfers in leva?

Until 1 January 2026, all transfers in leva (BGN) will continue to be carried out as before.

If you receive or send a transfer in leva to an account in euro (EUR), the amount will be automatically converted at the fixed BNB rate – 1 EUR = 1.95583 BGN, without any currency markup or additional conversion fees.

Starting 1 January 2026, all bank transfers in Bulgaria will be carried out only in euro (EUR).

2.3. Do I need to take any special action regarding my account?

In connection with the transition to the euro, you will receive a new IBAN (which will have a different country code and BIC), as your new account will be opened with myPOS Ltd. (Ireland). This change is carried out in order to unite all European myPOS customers under one licensed institution . 
 
You can find more information here.

If you are a customer who opened your account before 1 December 2025, once you accept the new T&C of myPOS Ltd., you will need to update all documents and templates in which the old IBAN is listed – such as invoices, contracts, offers and other accounting documents.

You should also inform your partners and customers about the change to avoid confusion with payments.

3. Payments and Withdrawals

3.1. Do prices need to be displayed in both leva and euro on receipts?

Yes. From 8 August 2025 to 8 August 2026, all prices must be displayed simultaneously in leva and euro. Starting 9 August 2026, prices will be displayed only in euro.

Make sure that your fiscal device is updated to meet regulatory requirements and shows the amounts in both currencies.

3.2. Will I be able to withdraw leva from ATMs after the introduction of the euro?

Starting1 January 2026, all ATMs in Bulgaria will dispense only euro banknotes.

Withdrawals will be carried out entirely in euro (EUR).

4. Fees, Cards and Devices

4.1. Will myPOS fees change?

No. myPOS fees and conditions remain unchanged.

The only difference is the currency in which the amounts are displayed – all fees will be in euro (EUR).

4.2. Will I receive a card in euro?

Yes. A myPOS Business debit Mastercard in euro (EUR) will be issued to your account.

• For existing customers:

If you confirm the migration before 1 December 2025, you may receive your euro card earlier. If you do not confirm by this deadline, your card will be reissued and sent at the beginning of December 2025, and your account will be automatically migrated on 1 January 2026.

• For new customers (registration after 1 December 2025):

 You will receive your new euro card after activating your profile and requesting the card from your account or when purchasing a terminal.

4.3. Will I need to update my terminal?

No, unless you receive explicit instructions from myPOS.

All myPOS devices will be automatically prepared to operate with euro, so no action is required unless you are explicitly informed.

5. Taxes and Reporting

5.1. What are my obligations related to the opening of the new account?

Your new business account with myPOS Ltd. (Ireland) must be declared to the Bulgarian National Bank (BNB) within 15 days of its opening, in accordance with BNB Regulation No. 27.

You can find more information here.

5.2. Does the way I declare my income to the National Revenue Agency (NRA) change?

No. The process remains the same. Tax obligations depend on the place where you conduct your activity, not on the country of the payment institution.