What Is POS Device Rental and How Does It Work? (UK)

If you have either a verified or non-verified myPOS account, you can rent POS terminals with competitive monthly fees.

Eligible legal entity types are: 
  • Limited company
  • Unlimited company
  • CIC & IPS
  • Branch

How It Works

  • You can sign an Addendum to the main Legal Agreement for the myPOS Service directly from your myPOS account.
  • Once your account is approved and the rental Addendum is signed, the terminal is shipped to the merchant.
  • You can currently hold multiple rental plans with one or multiple devices within a single myPOS account. 

Pricing terms

  • Rental Duration Options:  
    18 months
  • Available Terminals: 
    Currently, the myPOS Ultra is available for rent.
  • Minimum Monthly Service Charge (MMSC) - Minimum monthly service charge (MMSC) may apply if the transaction volume is below the required minimum. The exact amount is communicated when the contract is established.

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