Thursday, September 20th, 2018
Last month, myPOS Europe Ltd released an updated press release. According to the company, my POS clients operating or dealing with UK partners and suppliers can now benefit from instantaneous payments, reducing payment times from three days to just a few seconds.
myPOS Europe Ltd is a leading card payments provider that specializes in working with small and medium-sized businesses. The recent push to improve services further is all part of the effort to offer access to Faster Payments, so merchants can provide even quicker and better money transfers. This completely changes the game for merchants who use the myPOS service. Now, GBP payments can be sent and received almost instantly, 7 days a week, 24 hours a day 365 days a year.
This announcement is great news for all those involved. Thus far, myPOS has been part of paving the way for instant settlement. The company is among the first and the few to provide an immediate pay-out to merchant accounts guarantee. Their promise is that merchants will receive payment within seconds through its various payment channels.
myPOS is also among financial institution participants in the SEPA Instant Payment scheme, which creates a pan-European payment structure. The advantage of this structure is that it enables businesses and individuals to send and receive Euro payments across 34 European markets within just 10 seconds.
The key benefits of working with myPOS include:
- No monthly fees or contracts
- Highly competitive transaction fees
- Real-time transaction processing
- Online banking platform
- Free e-money account and Business Visa debit card
- AppMarket platform integrating myPOS apps or third-party apps
- Portable payment devices with free internet across Europe
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Topics discussed in this article:
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