
Document version 1.2
MYPOS
Configuration
What is the difference between the Transaction currency and the Settlement currency?
Transaction currency is the operation currency of your myPOS device. In this currency you will charge your
clients. The settlement currency is the currency in which funds will be settled to your myPOS e-money
account.
What a Billing descriptor means?
The Billing descriptor is the way your company's name appears on the credit/debit card statement of your
clients. Your client has to be able to identify a particular transaction and the Merchant when seeing the billing
descriptor in his/her credit/debit card statement. The name used for the Billing descriptor is typically the
trading name of the business rather than the legal name so that it can be easily recognized by the Client. Your
phone is added for convenience of your clients. Selecting a clear Billing descriptor is important for you to
avoid chargebacks when the credit card customer does not recognize name on the transaction. If you would
like to change your billing descriptor, you may do so via the Settings of your myPOS device in your online e-
money account.
What is a Terminal name?
You can give a custom name to each of your terminals assigned to your myPOS e-money account. This will
help you to recognize more easily from which myPOS device the transactions were processed. If you leave the
field blank, your terminal will appear with its model & serial number.
Can I change the currency in which the myPOS device is operating?
In order to start accepting payments in different currency using the same myPOS device, you will need to
reset your terminal and activate it again. You must select the preferred currency within the process of
generation of the new activation code.
myPOS devices modifications*
The option is not applicable.
* Last update: November 2014. For up to date list of the possible device modifications please contact our
Update the myPOS device
How can I update myPOS device?
You can check for available updates by pressing F2 (SETTINGS MENU 1) and
choosing option 5. Update software.
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