Fees for myPOS account

Opening a myPOS E-money Account is free of charge. There are no monthly or annual service fees, the merchant only pays for the services used. The fees for our services are displayed in the account, in the footer of every page.

The Mastercard business card is issued free of charge, only operations made with the card are charged. The transactions and withdrawals fees are listed in the myPOS account. It is important to know that the fees for a myPOS-issued Mastercard card are determined based on the currency of the card. Therefore, different fees will apply to the different cards linked to the merchant’s account.

The fees for the myPOS acquiring services are listed in the myPOS account, in the footer of every page. The fees are split in online acquiring services and POS device acquiring fees.

Account Service Fees:

Open account

Free of charge

Monthly service fee

Free of charge

Annual service fee

Free of charge

Account Funding Fees:

Funding via Bank transfer

Free of charge

Money transfers:

Send money to other account within the system

13 ISK

Transfer money between own accounts

Free of charge

Pay for services and goods to other account

Free of charge

Receive payment for services and goods

1.000% + 13 ISK

Request for Cancellation or Return of a Payment

1300 ISK

Refund myPOS Online Payment / iDEAL

390 ISK

Outgoing transfers to bank accounts:

Within the system

Free of charge

Domestic Transfer in GBP

195 ISK

SEPA transfer

390 ISK

International transfer in USD – 'SHA'

(Amount of transfer in EUR or its exchange value in foreign currency at the date of transfer)

≤ 5,000 EUR

4550 ISK

> 5,000 EUR and ≤ 15,000 EUR

6500 ISK

> 15,000 EUR and ≤ 35,000 EUR

13000 ISK

> 35,000 EUR and ≤ 100,000 EUR

19500 ISK

> 100,000 EUR and ≤ 500,000 EUR

26000 ISK

> 500,000 EUR and ≤ 2,000,000 EUR

0.062%, Max. 130000 ISK

> 2,000,000 EUR

0.130%, Max. 780000 ISK

Outgoing transfer in CHF – 'SHA'

520 ISK

Transfer in PLN currency

(Amount of transfer in EUR or its exchange value in foreign currency at the date of transfer)

≤ 500.00 EUR

490 ISK

> 500.00 and ≤ 10,000.00 EUR

520 ISK

> 10,000.00 and ≤ 500,000.00 EUR

585 ISK

> 500,000.00 and ≤ 2,000,000.00 EUR

0.025%, Max. 65000 ISK

> 2,000,000.00 EUR

0.125%, Max. 650000 ISK

Transfer in HRK currency

(Amount of transfer in EUR or its exchange value in foreign currency at the date of transfer)

≤ 500.00 EUR

490 ISK

> 500.00 EUR and ≤ 10,000.00 EUR

520 ISK

> 10,000.00 and ≤ 500,000.00 EUR

585 ISK

> 500,000.00 and ≤ 2,000,000.00 EUR

0.025%, Max. 65000 ISK

> 2,000,000.00 EUR

0.125%, Max. 650000 ISK

Transfer in RON currency

(Amount of transfer in EUR or its exchange value in foreign currency at the date of transfer)

≤ 2,000.00 EUR

585 ISK

> 2,000.00 and ≤ 500,000.00 EUR

780 ISK

> 500,000.00 and ≤ 2,000,000.00 EUR

0.025%, Max. 65000 ISK

> 2,000,000.00 EUR

0.125%, Max. 650000 ISK

Transfer in CZK currency

(Amount of transfer in EUR or its exchange value in foreign currency at the date of transfer)

< 500,000.00 EUR

390 ISK

Transfer in GBP currency within EU and EEA countries

455 ISK

Transfer in ISK currency

1700 ISK

International transfer – 'SHA'

0.150%, Min. 650 ISK

International transfer – 'OUR'

the charge for 'SHA' and

(Amount of transfer in EUR or its exchange value in foreign currency at the date of transfer)

≤ 25,000.00 EUR

+ 3250 ISK

>25,000.00 EUR and ≤75,000.00 EUR

+ 7150 ISK

>75,000.00 EUR

+ 13000 ISK

Transfers in BGN currency

52 ISK

Payment via myPOS Online / iDEAL

40 ISK

Received payments / iDEAL

40 ISK

Request for cancellation / return of a payment - pending transfer

3250 ISK

Request for cancellation / return of a payment - executed transfer

9750 ISK + any fees charged by the Correspondent Bank

Additional charges on transfer order with not correct IBAN and/or the BIC code

1300 ISK

Investigation commencing within 3 months of original transaction date¹

9750 ISK + any fees charged by the Correspondent Bank

Other fees:

E-money redemption upon closing of an account

1950 ISK

SMS notification²

13 ISK

E-mail monthly statement

Free of charge

Paper statement or additional information/requests on transactions and balance

650 ISK

SEPA Direct Debit Processing

65 ISK

Refund of SEPA Direct Debit Payment³

130 ISK

Fee fro iDeal Refund

3 ISK

1. For investigations commencing after 3 months of original transaction date, we will communicate the charges after receiving the information from the Correspondent Bank.

2. Other fees can be imposed by Client Mobile services provider.

3. You can request a refund of a SEPA Direct Debit debited within a period of eight weeks after the execution date and of any unauthorized transaction after eight weeks and up to thirteen months after the payment

Fees for myPOS card

The myPOS Business Card is issued free of charge, only operations made with the card are charged.

Account Service Fees:

Additional cards issuance

21342 ISK

Replacing of expired card

Free of charge

Replacing of non-expired card (loss, theft, stolen, damaged)¹

1300 ISK

Transaction fees:

≤ 300.00 EUR

260 ISK

ATM cash withdrawal in EU

(Amount of withdrawal in EUR or its exchange value in foreign currency at the date of transaction)

ATM Cash withdrawal International²

1.000% + 520 ISK

> 300.00 EUR

520 ISK

POS cash withdrawal³

1.000% + 390 ISK, Min. 650 ISK

Payment on POS terminal

Free of charge

Internet payments

Free of charge

ATM Balance check

65 ISK

Declined transaction at ATM

65 ISK

Fee for initiating chargeback procedure

1950 ISK

Additional card issuing (expired card)

44 ISK

First Card reissuing (expired card)

Free of charge

Additional card issuing (expired card)

100 ISK

Main card issuance

Free of charge

Additional cards issuance

101 ISK

1. Not applicable in case of replacing defect card/tag for which Issuer is responsible.

2. Amount of withdrawal in EUR or its exchange value in foreign currency at the date of transaction

3. The POS Operator can charge additional fees.

You’re always first in line to get paid

Let’s keep it simple. No added charges, or small print surprises. Only pay fees after your transactions.

Under 1,500,000 kr

in monthly card turnover

For businesses with lower card turnover or those that are just starting out.

0 kr

Fixed monthly costs

From

1.69% + 50 kr

Per transaction

Simply put, if you process a payment of 10,000 kr with a domestic consumer card, you'll receive an instant transfer of 9,781 kr to your myPOS business account.

Over 1,500,000 kr

in monthly card turnover

For businesses already growing, managing larger transactions, or entering new markets.

Custom offer

Get a bespoke quote tailored to your exact business needs.

Get a custom quote