Comparison
An EPOS alternative for businesses that just need PayNow
Should you use EPOS for PayNow, or is there a simpler option?
EPOS NOW operates through ANEXT Bank and offered 0% PayNow fees for an initial promotional period — that 0% rate is ending in July 2026. From that point, the rate becomes 0.20% per transaction. It also requires a POS terminal and an ANEXT Bank account, which means your PayNow proceeds settle into ANEXT first rather than your existing bank.
DoubleAM does not require a POS terminal, does not require a new bank account, and does not take a percentage. We generate the PayNow QR and branded card. When your customer scans and pays, money goes from their bank directly to your existing bank account. No new accounts, no hardware, no percentage fee.
If you need a full POS system and are happy to bank with ANEXT, EPOS may suit you. If you want PayNow into your own existing bank without a terminal or a fee, DoubleAM is the simpler path.
How they compare
| Feature | EPOS | DoubleAM |
|---|---|---|
| What it is | POS system via ANEXT Bank | PayNow QR software |
| PayNow fee | 0% until Jul 2026, then 0.20% per transaction | Flat fee, no percentage |
| Bank account required | ANEXT Bank account | Your existing bank |
| Hardware required | Yes — POS terminal | None |
| Where money goes | ANEXT Bank, then your account | Directly into your own bank account |
| Setup | ANEXT account + POS terminal onboarding | Free tools: under 2 min. API: sign up. |
| Condition | Must hold ANEXT account | None |
In fairness: EPOS is a capable cloud POS system for retail and hospitality. The ANEXT Bank integration makes sense if you want a bundled banking-and-POS solution. The 0% PayNow rate during the promotional period was genuinely attractive. Check the current rate and conditions directly with EPOS / ANEXT after July 2026, as promotional terms may change. Always verify current pricing directly.
What you don't need to accept PayNow
A POS terminal
A printed QR code at your counter, or a QR card sent on WhatsApp, is all you need. Your customer scans on their own phone.
A new bank account
PayNow works with your existing Singapore bank account — DBS, OCBC, UOB, Standard Chartered, Maybank, and more. No new accounts required.
A gateway or processor
PayNow is bank-to-bank. You just need a QR code. We generate it. Money moves directly.
Try the free tool now
No account needed. No hardware. No new bank. Generate a branded PayNow card in under a minute.
Comparing all options? See our full fee comparison →
PayNow into your own bank — no terminal needed
Flat fee for the software. No POS, no new bank account, no percentage on what you receive.
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