What advantages does myPOS offer over a bank?

What advantages does myPOS offer over a bank?
myPOS offers numerous advantages, providing businesses with a wide variety of benefits and features beyond traditional banking solutions. Here's a detailed comparison:

Like any bank, myPOS offers:
• Online Banking Alternative: myPOS provides an online e-money merchant account for transfers and mass transfers.
• Cash Withdrawal: You can withdraw cash from any ATM that accepts Visa or Mastercard.
• Credit Card Payment Machine: Accept onsite payments using a credit card payment terminal.
• Virtual Terminal: Accept MO/TO payments through a Virtual Terminal.

Unlike any bank, myPOS offers:
• No Monthly or Yearly Service Fees: Enjoy financial services without recurring service fees. For the full breakdown of our pricing and tariffs, please click here - https://www.mypos.com/en-ie/pricing-and-fees/fees.
• No Long-term Contractual Obligations: Flexible terms without binding long-term contracts.
• No Installation Fees: Set up your payment solutions without additional installation costs.
• Instant Settlement of All Payments: Get immediate access to funds from transactions.
• Multi-currency IBANs: Access up to 50 different IBAN accounts in multiple currencies with a single IBAN.
• Free debit card: receive a complimentary business payment card for direct access to finds.
• Free Data Card: Ensure a mobile connection anywhere in Europe at no cost.
• Online Payment Services: Utilise services like MO/TO Virtual Terminal, Payment Request, Payment Tag, PayLinks, PayButtons, and Checkout with no setup or monthly fees.
• Top-up Services: Recharge a large number of service providers globally.

myPOS stands out by offering instant payment settlements and eliminating various fees that are typically associated with traditional banks. The added convenience of a multi-currency IBAN and free business tools further enhance its appeal to businesses looking for a modern and flexible financial solution.

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