About myPOS

Is the e-money in my account covered by any compensation scheme?

myPOS e-money accounts are not protected by the standard EU or UK compensation schemes, such as the Financial Services Compensation Scheme (FSCS) in the UK. These schemes typically apply to bank accounts and are available to bank customers but not to cu...

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What is e-money?

What is e-money and can we touch it?E-money is a digital equivalent of real money. While it cannot be physically touched, it can be used to purchase goods and services just like traditional money. It functions as a "digital alternative to cash," enab...

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IBAN Discrimination

What is IBAN discrimination? IBAN discrimination occurs when a company or institution within the Single Euro Payments Area (SEPA) does not accept an IBAN issued by a payment service provider based in another SEPA member country. This often happens when...

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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 ...

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What kind of customer support do you offer?

What kind of customer support does myPOS offer? myPOS provides comprehensive customer support services to ensure that all clients receive the assistance they need. Here’s an overview of the support services offered:   24/7 Customer Support • Customer Su...

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What are the fees for using the service?

The fees and transaction limits for using the myPOS service can be found here

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