To open a myPOS account, your business must meet the following criteria:
Geographic Eligibility
- Countries: Legal businesses registered and operating in the EU (European Union), EEA (European Economic Area, which includes the EU plus Iceland, Norway, and Liechtenstein), UK, and Switzerland are eligible.
- Ownership: Businesses can be owned or directed by nationals from other countries as well.
Types of Businesses Supported
Legal Entities: myPOS supports various types of legal entities, including:
- Sole traders
- Self-employed individuals
- Freelancers
- Private limited liability companies
- Public companies
- Partnerships (and their local equivalents in Europe)
Industry Restrictions
Unsupported Industries: There are certain industries that myPOS currently does not support, such as:
- FX (foreign exchange) speculators
- Weapons and arms dealers
- Non-regulated charities
- Companies with bearer shares
- Other high-risk industries (as specified in their Acceptance Policy)
Please check our Acceptance Policy in the Legal section here - https://www.mypos.com/en-bg/terms-conditions