myPOS Glass

The world of payments has changed over the last few decades with millions of merchants using POS devices to accept payments. Nowadays, everybody has a smartphone. Period. With their widespread proliferation, and to solve the issue of carrying multiple devices, came the idea of turning a merchant’s smartphone into a payment terminal. This is how the idea of myPOS Glass was born. An app that turns a merchant’s Android smartphone into a POS terminal, there’s no need for additional cables, dongles or even hardware to connect to in order to accept payments.

So, how does myPOS Glass work? It’s simple! All that a merchant needs to do once the app has been installed is to enter the payment amount, tap the customer’s contactless card on the back of their smartphone and voila! Payment has been made through the NFC module of the smartphone.

What’s more is that myPOS Glass is beneficial for a wide range of industry players. From freelancers, delivery couriers, food trucks, independent consultants, open and seasonal markets and professionals on the go, with myPOS Glass, merchants are no longer limited to a single location where their POS device is situated but can take their business directly to their clientele opening up more channels for payments.

The myPOS Glass app also comes in two payment plans – the Starter and Pro plans. With the Starter plan, a merchant pays no monthly subscription fees and only a competitive transaction rate. With the Pro plan, a merchant pays a small monthly subscription fee and enjoys even lower transaction rates, making it ideal for those with a high monthly turnover.

In addition, the app is completely safe! It not only meets the highest security standards, approved by Visa and Mastercard laboratories but it complies with PCI DSS regulations. myPOS Glass also stores no sensitive cardholder data on the merchant’s smartphone, ensuring full compliance with payment legislation and minimising any risks of financially related fraud.

One of the main advantages of myPOS Glass and one of the things that sets it apart from anyone else on the European payment landscape is the fact that merchants can enjoy instant settlement of all received funds. Payment is instantaneous and payment settlement is, too – no matter whether the customer pays with a contactless debit or credit card, an NFC wearable or a mobile wallet such as Apple Pay or Google Pay. Merchants can access all their received funds through a free myPOS business card to withdraw cash, resolve liquidity challenges and ensure a smooth cash flow. This happens through a free merchant account that’s available in 14+ currencies. And, there are no monthly, annual or sign-up fees or lengthy contracts to enter into. The process of becoming a myPOS merchant has been designed to make it as easy on merchants as possible.

myPOS Glass also offers the ability to receive payments via QR codes and Payment Requests. This means that even if a cardholder doesn’t have a Visa or Mastercard contactless card, they can still pay with a card that’s stored in their phone through a QR code. This increases the possibility for merchants to accept more payments and always enables them to catch the next sale.

Apart from the fact that merchants no longer need to invest in purchasing a POS terminal and can instead conduct business from the ease and convenience of their smartphones, myPOS Glass has also evolved to offer QR code payments. Payment acceptance through QR codes expand the app’s usability, enabling merchants to accept more payment methods. They also enable merchants to accept payments from card operators with non-NFC cards. The best aspect of this is the ability to enjoy instant payout that comes with NFC card payments.

In addition to QR code payments, myPOS Glass also offers Cash register mode to streamline merchants’ business operations. With a few taps on one’s phone, merchants are also able to:

• Bring their portfolio of products straight to their customers
• Select products that customers want to buy and complete the checkout
• Keep track of all sales, even those paid in cash
• Showcase products directly from their phone
• Accept split, cash or card payments - whichever way a customer wants to pay
• Maintain and manage product lists and inventories effortlessly

Finally, merchants are able to order their myPOS Platinum business card from their myPOS Glass app as well. Some of the perks of having a Platinum Silver, Gold or Metal business card include:

• Higher and custom spending limits
• Fixed cashback on every purchase made in myPOS Online Shop & every myPOS physical store, depending on the Platinum business card – a higher percentage is given when paying with the Platinum Metal card
• LoungeKey Pass for over 1000 business lounges in airports across the world
• Apple Pay & Google Pay support for fast, convenient and secure payments
• Free ATM withdrawals every month
• 0.1% cashback on all card purchases
• Free express delivery
• And more

While we have over 100,000 merchants who have installed the myPOS Glass app, there is no single case study that we would like to share at this stage.

With over 100,000 installs across Europe since its release in October 2020 and an average rating of 4.2 stars on the Google Play Store, myPOS Glass continues to grow and helps an ever-growing number of merchants across Europe accept seamless payments while benefitting from instant settlement of funds.

https://www.mypos.eu/en/glass