Setting Up myPOS Standing Order
Watch and follow the steps below to set up your daily standing order on your myPOS dashboard
Steps:
- Go to Merchant account on the left hand side of the dashboard
- Select Scheduled payments
- Click new payment in the top right of the dashboard. Its a blue button with white test
- Choose To bank account on the left hand side
- For first time users please add your bank account details using the new button on the second line
- To clear your account please check the button labeled entire account balance
- Set up the payment schedule by clicking the schedule button and set the frequency. The frequency you chose will determine how often you are paid out
- Set your end date at a point in time this needs to stop. For those looking to set this up as a continuous payment please chose 2030 as an option
- Set the reason for the transfer as internal transfer and answer all security questions. Then click continue and confirm
- Approve the payment on the myPOS app
Just to note the funds are processed via SEPA which can take between 1- 3 working days but in most cases is settled in c.12 hours.