To initiate an outbound bank transfer, follow these steps:
Using the myPOS Website:
- Log in to your myPOS account at mypos.com.
- Navigate to Merchant Account > Payments > New Payment > To bank account.
- Enter all necessary details for the transfer and click Continue.
Using the myPOS Mobile App:
- Open the myPOS mobile app and log in.
- Click on Make payment > Bank.
- Fill in all the required details for the transfer.
Adding a Beneficiary
- Before making a transfer, ensure the beneficiary is added to your account:
- Via Website:
- Log in and go to Merchant Account > Payments > Beneficiaries > Add beneficiary.
- Alternatively, while executing the transfer, click on the +New button next to the "To" field.
Via Mobile App:
- Log in, go to More > Beneficiaries, and click on the + icon.
- Or, during the transfer, click Add new beneficiary.
- Transfer Limits and Fees
Review your current transfer limits and associated fees:
- Website: Go to Fees in the lower-left corner of the screen, then navigate to Fees for myPOS Account > Issuer limits > Money transfers outside the system.
- Mobile App: Go to More > Legal > Fees > Fees for myPOS Account > Issuer limits.
Checking Transfer Status
- After initiating the transfer, the amount is debited once the transfer is executed. You can check the status of your payment by:
Logging in to the myPOS website and navigating to Merchant Account > Payments > Pending payments.