Opening a merchant account without a bank paid myposofficial
Today’s merchants often live and die on the whims of their bank – various bank fees cut deep into profit margins, the 1-3 days settlement period can be a pain in a fast-paced business environment, and the quality of services provided can often feel subpar, considering their cost. If you’re a merchant, chances are that at least once you’ve felt significantly let down by the bank you work with.
One of the fastest growing European companies in the latter category is myPOS. Founded exactly 5 years ago with the express purpose of providing merchants with an affordable all -in-one package, the fintech company allows business owners to efficiently manage their cashflow separate from their personal finances, and without the need of an existing bank account.
- says founder Christo Georgiev. For example, most banks charge rent for devices, while myPOS terminals can be purchased and owned for a one-off affordable price; banks charge a monthly fee and have binding contracts while myPOS has neither; banks take 1-3 days to settle POS payments into the merchant’s account, while the process is instant with myPOS, etc.
What if there was an alternative, a business that could replace banks’ relationship with merchants while providing a superior and more affordable service?Why would myPOS offer so many services under one roof? It’s certainly convenient, but how necessary is it in the modern world, where your average retailer can use a variety of solutions to achieve roughly the same result? Nothing is preventing a merchant from, say, using a bank for POS payments, an online-only payment solution for online...
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chick-fil-A's fried fish sandwich is returning to menus for LentChick-fil-A's fried fish sandwich is returning to menus for Lent 2019.
Read more »
Millennials Opened 56% of New Roth IRA Accounts In 2018At Fidelity, the investment juggernaut, Millennials are taking saving for retirement seriously. In fact, Fidelity says that Millennials [at Fidelity] opened 56% of new Roth IRA accounts in 2018 and 80% of their contribution dollars are going into Roths.
Read more »
Simona Halep, the world's No. 2 player, takes on BNP Paribas Open without a coachSimona Halep of Romania, ranked No. 2 in the world and seeded No. 2 at the BNP Paribas Open, didn’t want to compete without having a coach at her side this season. But after going solo for a while, she’s discovering it has its advantages.
Read more »
Euro zone banks jump, Italian yields fall on report ECB discussing new cheap bank loansEuro zone bank shares jumped and Italian government bond yields fell on Wednesday after Bloomberg reported the European Central Bank is holding discussions on the design of new ultra-cheap bank loans.
Read more »
China central bank pledges more policy support as bank lending slidesChina's central bank on Sunday pledged to further support the slowing econo...
Read more »
Your cash in this tax-advantaged account is going, going, goneIf you have a flexible spending account at work and you still have money in it from 2018, you're running out of time. Here's what you need to know.
Read more »
MoviePass competitor Sinemia says it won't give subscribers details on why it terminated their accountsSinemia confirmed to Business Insider that its customer service wouldn't be sharing more details with terminated subscribers.
Read more »
Facebook Sues Chinese Companies for Creating Fake AccountsFacebook and Instagram sued four companies and three people based in China for creating and selling fake accounts, likes and followers, according to a posting on the social media giant’s website.
Read more »
Turkey's current account gap falls in JanuaryIn January, the current account posted an $813-million deficit, improving from a $7-billion deficit in the same month last year.
Read more »