Comparison · Updated October 17, 2026
myPOS vs Teya card machines (UK)
myPOS
B
myPOS is a London-headquartered payments company founded in 2012 by Christo Georgiev and owned since February 2024 by the private-equity firm Advent International in a deal reported at around €500 million, after which the founder exited and Mario Shiliashki, formerly of Mastercard and PayPal, became chief executive. It sells card machines outright — the myPOS Go 2 at £39, Flex at £59, Go Combo at £169 and Ultra at £179, all excluding VAT — with no monthly fee, and settles every card payment instantly into a free myPOS e-money business account with a Mastercard business card, a model it says it pioneered in 2014. The UK rate card is published for businesses under £10,000 a month: 1.10% + 7p on domestic consumer cards, 2.20% + 7p on EEA consumer cards, 2.45% + 7p on American Express and 2.85% + 7p on everything else in person, and 1.30% + 15p domestic, 2.50% + 15p Amex and 2.90% + 15p other cards online; larger businesses get a custom quote. UK, Gibraltar and Swiss services are provided by myPOS Payments Ltd, an electronic money institution authorised by the Financial Conduct Authority (reference 900826), and the group says it serves more than 400,000 merchants in over 30 countries with 15 physical stores, up from the 170,000 small businesses Reuters reported when the sale was agreed. Its Trustpilot profile is 4.2 from nearly 22,000 reviews, 70% five-star and 13% one-star, and the one-star reviews are about unexplained application rejections, slow deliveries and support that is hard to reach.
Teya
B
Teya is a London-headquartered payments and business-banking company founded in 2019 as SaltPay by Ali Mazanderani and Eduardo Pontes, renamed in April 2023, and backed by investors including Tiger Global, Ribbit Capital and Michael Spencer — total funding is reported at about $845 million by data providers and $1.1 billion by The Business of Payments. It grew by acquisition — Iceland's Borgun in 2020, the UK's RMS Group in 2022 and the Czech ePOS company Storyous among them — and now sells to small businesses in nine European markets, the UK, Croatia, Czechia, Hungary, Iceland, Italy, Portugal, Slovakia and Spain, with Spain and Italy launched commercially in February 2026. In the UK the offer is a Teya Pro or Teya Lite card machine from £14.99 a month with a lifetime warranty, Tap to Pay on iPhone and Android, online payments, and a free e-money Business Account that card takings settle into next working day as standard, every day including weekends and bank holidays as an option, or in seconds with Instant Settlements. Rates are quoted rather than published — the pricing page says there is no standard price list, the card-machine page says fees start at 1.59% — and using an outside bank account instead of Teya's adds 0.10% to every transaction. Teya Solutions Ltd is an electronic money institution authorised by the Financial Conduct Authority (reference 978181), so the account is safeguarded rather than FSCS-protected. Its UK Trustpilot profile is 4.4 from about 1,500 reviews, 82% five-star and 15% one-star, and the one-star reviews are about held funds and unreturned calls.
VS
Overview
This is a UK comparison in pounds. It uses the UK pricing pages both companies published in October 2026. Both sell in several European countries and prices differ by country. myPOS has no monthly fee for businesses taking under £10,000 a month. It charges 1.10% + 7p on UK consumer cards in person. EEA consumer cards cost 2.20% + 7p, American Express 2.45% + 7p, and business cards and cards from outside the EEA 2.85% + 7p. You buy the card machine outright, from £39 + VAT. Every payment lands in your myPOS e-money account within seconds, and moving money to your own bank costs £1.50 per transfer. Teya's Start plan covers businesses taking up to £7,500 a month and has no membership fee. It charges 1.59% on consumer Visa and Mastercard cards and 1.90% on business, international and Amex cards, with no pence per sale. It adds £29.99 in any month your card takings are under £2,500, and 0.10% if takings settle to an outside bank instead of its own account. Teya's machines cost from £89 + VAT under a one-off fee that covers three years, and the machine stays Teya's property. On UK consumer cards myPOS is cheaper below £2,500 a month unless the average sale is under about £4. Above that it is cheaper when your average sale is over about £14.29. A business with many Amex, business or foreign cards pays less at Teya. Both offer 24/7 support. Payment Review grades both B.
Key Takeaways
- ✓On UK consumer cards myPOS charges 1.10% + 7p and Teya Start charges 1.59%. Teya's flat rate is cheaper only when the average sale is under about £14.29, and in practice only from £2,500 a month, because below that Teya adds £29.99 (only an average sale under about £4 overcomes it). At £5,000 a month with £20 sales, myPOS costs £72.50 and Teya £79.50. With £10 sales, myPOS costs £90 and Teya £79.50.
- ✓Card mix matters as much as ticket size. Teya charges 1.90% on Amex, business and international cards. myPOS charges 2.45% + 7p on Amex, 2.20% + 7p on EEA consumer cards and 2.85% + 7p on business and non-EEA cards. If 30% of a £5,000 month comes on business or non-EEA cards, Teya costs £84.15 and myPOS £98.75.
- ✓Both pay into their own e-money account quickly: myPOS within seconds of every sale, and Teya the next day including weekends, or within seconds with Instant Settlements. Getting money to your own bank costs £1.50 per transfer at myPOS. That is about £33 a month if you move money every working day. Teya's account makes bank transfers free, subject to fair use.
- ✓myPOS hardware costs less and you own it: £39 to £179 + VAT. Teya's Lite costs £89 + VAT, and the Go (£109) and Pro (£139) are on launch offers. Teya's fee covers a three-year term, the machine stays Teya's, and it must be returned within seven business days if you leave.
- ✓Neither has a minimum term. myPOS lets you close the account free of charge at any time. Teya Start can be cancelled any time through support, with a full refund of terminal fees within 30 days. After that, the one-off machine fee is non-refundable.
myPOS
Choose myPOS if most customers pay with UK personal debit and credit cards, your average sale is over about £14.29, or your takings are under £2,500 in some months. Seasonal and part-time traders avoid Teya's £29.99 fee. You buy a £39 to £179 machine outright, pay nothing monthly, and can spend the money from the myPOS card seconds after each sale. Plan your transfers to your bank, because each one costs £1.50.
Teya
Choose Teya if you take many Amex, business or overseas cards, sell lots of small-ticket items under about £14, or want to move money to your own bank for free. Its Start plan suits businesses turning over steadily between £2,500 and £7,500 a month. Above that, Teya quotes a custom rate. Keep takings in Teya's account to avoid the 0.10% surcharge, and remember the machine must go back if you leave.
The Verdict
It Depends on Your Needs
Why?
Both are B-graded, contract-free, London-based e-money institutions with 24/7 support, and the cheaper one depends on your card mix and average sale. myPOS wins for businesses taking mainly UK personal cards with sales above about £14, and for anyone with months under £2,500, where Teya adds £29.99. It also has cheaper hardware that you own, and a published online rate. Teya wins on Amex, business and overseas cards (1.90% against 2.20% to 2.85% plus 7p) and on small-ticket sales. It also makes moving money to your own bank free, where myPOS charges £1.50 per transfer. Model a typical month with your own card mix before choosing.
Feature by feature
Detailed Comparison
Filter Options
In-person card rates (UK, published October 2026)
| Feature | myPOS | Teya |
|---|---|---|
| Published plan and eligibility | Pay as you go, under £10,000 a month | Start plan, £0 to £7,500 a month |
| Both quote a custom rate above those limits. myPOS's pricing page says it offers a bespoke quote over £10,000 a month. Teya's pricing page offers a custom offer above £7,500. | ||
| Monthly fee | £0 Winner | £0 membership; £29.99 in any month under £2,500 |
| Teya's £29.99 fee is a footnote to its Start plan. myPOS lists no monthly or annual service fee, but its UK fee schedule has two idle-account fees, set out in the contract section below. | ||
| UK consumer debit and credit cards | 1.10% + 7p | 1.59% |
| The cheaper option depends on the average sale. The two cost the same at a sale of about £14.29. Below that Teya's flat rate is cheaper per sale, and above it myPOS is cheaper. If you settle Teya takings to an outside bank its rate becomes 1.69%, and the break-even falls to about £11.86. Teya's £29.99 fee under £2,500 a month comes on top. | ||
| American Express | 2.45% + 7p | 1.90% Winner |
| Teya prices Amex and other schemes at 1.90%. | ||
| EEA consumer cards | 2.20% + 7p | 1.90% Winner |
| Teya's fee table has a single 1.90% rate for international and business cards. It does not split EEA from non-EEA. | ||
| Business cards and non-EEA cards | 2.85% + 7p | 1.90% Winner |
| myPOS's 2.85% + 7p band is labelled "all other consumer and commercial cards". Its FAQ defines a commercial card as one issued to a business, so a UK business card falls in this band too. On a £100 business-card sale, myPOS charges £2.92 and Teya £1.90. | ||
Published plan and eligibility
myPOS
Pay as you go, under £10,000 a month
Teya
Start plan, £0 to £7,500 a month
Both quote a custom rate above those limits. myPOS's pricing page says it offers a bespoke quote over £10,000 a month. Teya's pricing page offers a custom offer above £7,500.
Monthly fee
myPOS
£0
Winner
Teya
£0 membership; £29.99 in any month under £2,500
Teya's £29.99 fee is a footnote to its Start plan. myPOS lists no monthly or annual service fee, but its UK fee schedule has two idle-account fees, set out in the contract section below.
UK consumer debit and credit cards
myPOS
1.10% + 7p
Teya
1.59%
The cheaper option depends on the average sale. The two cost the same at a sale of about £14.29. Below that Teya's flat rate is cheaper per sale, and above it myPOS is cheaper. If you settle Teya takings to an outside bank its rate becomes 1.69%, and the break-even falls to about £11.86. Teya's £29.99 fee under £2,500 a month comes on top.
American Express
myPOS
2.45% + 7p
Teya
1.90%
Winner
Teya prices Amex and other schemes at 1.90%.
EEA consumer cards
myPOS
2.20% + 7p
Teya
1.90%
Winner
Teya's fee table has a single 1.90% rate for international and business cards. It does not split EEA from non-EEA.
Business cards and non-EEA cards
myPOS
2.85% + 7p
Teya
1.90%
Winner
myPOS's 2.85% + 7p band is labelled "all other consumer and commercial cards". Its FAQ defines a commercial card as one issued to a business, so a UK business card falls in this band too. On a £100 business-card sale, myPOS charges £2.92 and Teya £1.90.
Best For Your Business
Recommendations based on your business type
Market trader, mobile tradesperson or seasonal business
Recommended
myPOS
There is no fee in a quiet month, where Teya charges £29.99 under £2,500. The reader costs £39 + VAT and is yours. At 1.10% + 7p, a £150 job costs £1.72 against £2.39 at Teya.
Café, bakery or bar with many small sales
Recommended
Teya
Below an average sale of about £14.29, Teya's flat 1.59% beats myPOS's 1.10% + 7p. At £5,000 a month in £10 sales, Teya costs £79.50 against myPOS's £90. This assumes turnover stays above £2,500 a month and takings settle into Teya's account.
B2B supplier, hotel or shop in a tourist area
Recommended
Teya
Teya charges 1.90% on business, international and Amex cards. myPOS charges 2.20% to 2.85% plus 7p, so a £100 business-card sale costs £1.90 at Teya against £2.92 at myPOS.
Shop selling online and in person
Recommended
myPOS
myPOS publishes its online rate: 1.30% + 15p on UK consumer cards, with payment links, hosted checkout and a WooCommerce plugin. Teya sells online payments, including Shopify and WooCommerce plugins, but publishes no online rate, so you would need a quote.
Business that wants takings in its existing bank
Recommended
Teya
Teya's Business Account makes bank transfers free, subject to fair use. myPOS charges £1.50 for each GBP transfer, about £33 a month if you move money every working day. Teya also offers direct settlement to your own bank for an extra 0.10%.
myPOS: Best for 2 use cases
Teya: Best for 3 use cases
Frequently Asked Questions
Common questions about this comparison
It depends on your cards and your average sale. On UK personal cards myPOS charges 1.10% + 7p and Teya's Start plan 1.59%, so myPOS is cheaper once the average sale is over about £14.29. Teya adds £29.99 in any month under £2,500, which makes myPOS cheaper at low volumes. On Amex, business and overseas cards Teya's 1.90% beats myPOS's 2.20% to 2.85% plus 7p.
myPOS has no monthly fee. It has an inactivity fee of £15 and a £30 fee for taking no card payments, which apply only after long idle spells (10 months on its UK fee page, 12 months in its agreement) and after two months' notice. Teya's Start plan has no membership fee, but charges £29.99 in any month your card takings are under £2,500.
myPOS credits each sale to your myPOS account within seconds, around the clock. Moving money to your bank costs £1.50 per transfer. Teya pays into its Business Account the next day, including weekends and bank holidays, or within seconds if you use Instant Settlements, and transfers from that account to your bank are free, subject to fair use. Settling straight to an outside bank with Teya adds 0.10%.
With myPOS, yes. Machines are bought outright, from £39 + VAT for the Go 2 to £179 + VAT for the Ultra. With Teya, no. Its one-off fee (£89 to £139 + VAT at current prices) covers one machine for three years, the machine remains Teya's property, and it must be returned within seven business days if you leave.
Neither has a minimum term. myPOS's UK agreement lets you close your account at any time without termination charges if it is in good standing. Teya's Start plan can be cancelled at any time through support, with a full refund of terminal fees within the first 30 days. A separate Teya rental agreement may carry its own early-termination fee.
No. Both are e-money accounts from FCA-authorised electronic money institutions: myPOS Payments Ltd (reference 900826) and Teya Solutions Ltd (reference 978181). Your money is safeguarded, meaning it is held separately from the company's own funds, but it is not covered by the Financial Services Compensation Scheme. Money you move to a bank account is covered by that bank's protection.
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