What is SumUp used for?
What is SumUp used for?
Welcome to SumUp! Our products empower merchants to accept credit and debit card payments anywhere with our intuitive, cost-effective devices. With SumUp, merchants can take cards with a Visa, American Express, Diners, Discover, or MasterCard logo.
How much does SumUp charge per transaction?
There are no ongoing or monthly fees with SumUp – it's simply a case of paying a flat rate of 1.69% per transaction. Refunds are free as long as they are processed prior to the transaction being paid into your bank account, otherwise the original 1.69% card fee will be charged.
Is SumUp a UK company?
SumUp is a mobile payments company headquartered in London, United Kingdom.
What is a SumUp transaction?
Both your card reader and the SumUp App will indicate a successful transaction. This is what a successful transaction will look like on your SumUp profile or in the SumUp App: A successful transaction. A successful card payment paid out to your bank account. A successful card payment paid out to your SumUp Card.
How do I transfer money from SumUp?
- On the SumUp App, hit "Account" on the Home screen.
- Select "Transfer funds".
- Choose whether to send funds to yourself or to another person/business.
- If sending to another person, enter their payment details and hit "Continue".
- Enter the amount to send and select "Continue".
- Hit "Transfer" to confirm.
What is better sum up or square?
Ultimately, whereas the SumUp POS app provides the basic capabilities needed to take orders and accept and process payments, the Square POS app offers more detailed capabilities (such as split payments and itemized returns), as well as a greater scope of features, including both inventory and customer management, for ...
Can you refund on SumUp?
Within the SumUp app or dashboard, tap on the payment you'd like to refund. Select “Refund transaction” and enter your password. The total is reimbursed onto the card used in the original transaction.
What is SumUp free now?
SumUp are offering 30 days 0% on ALL transactions from the date you create your account. If you choose not to use your account within the first 30 days, you will lose the offer. Thereafter fees will cost you 1.69% for each transaction.
Does SumUp report to HMRC?
Is SumUp responsible for my tax compliance? As a provider of mobile point-of-sale products and related services, SumUp is not responsible for your fiscal compliance and will not interact with tax authorities to provide them with merchant fiscal transaction data.
Is SumUp regulated?
Sumup Payments Ltd is an electronic money institution focused on payment processing platform. ... Incorporated in the United Kingdom, Sumup Payments Ltd is authorized and regulated by the Financial Conduct Authority.
