Quick Answer: What Is SumUp On My Bank Statement?

What is SumUp payments Ltd?

Sumup Payments Ltd is an electronic money institution focused on payment processing platform.

Sumup Payments Ltd offers mobile POS applications, card acceptance terminals, card readers to merchants.

Incorporated in the United Kingdom, Sumup Payments Ltd is authorized and regulated by the Financial Conduct Authority..

What is SumUp used for?

SumUp Air is a compact, low-cost card reader for contactless and chip card payments. It works in conjunction with a mobile app and is super-easy to get started with.

What is SumUp free now?

Whatsmore, the SumUp card machine is contract free and 100% online. It can take contactless payments as well as chip and PIN, making it convenient for you and your customers. It even accepts Apple Pay, Android Pay, and American Express.

What percentage does SumUp take?

2.75%Use SumUp Invoices, one of our many remote payment options, to make payments easier. Easily create invoices and send them to your customers. We charge a small transaction fee of 2.75% for every payment that is processed via the SumUp Invoices link.

Is SumUp secure?

SumUp payments are processed in accordance with the highest industry security standards. SumUp’s transaction process ensures that all data is encrypted and transferred to our secure payment server. In addition, SumUp never stores any sensitive data on mobile devices such as your smartphone, tablet, or the card reader.

How much data does sum up use?

The SumUp POS system can also be used with a LTE iPad. Depending on your usage patterns a data volume of around 300MB per month should be sufficient. Unless you want to accept card payments while using the mobile POS system, you will not need an active internet connection at all.

Who are SumUp?

About SumUp SumUp is a leading financial technology company that is set to become the first ever global card acceptance brand. The company enables businesses to accept card payments at the Point-of-Sale or on the go in a simple, secure and cost-effective way.

How does SumUp work?

The SumUp Air connects via Bluetooth to the free SumUp App downloaded to your smartphone/tablet. You first enter the price within the app and then your customer taps, inserts, or swipes their card into the card reader.

How do I get my money from SumUp?

Take a payment on your card reader and get the money on your SumUp Card the next day. Use your card wherever Mastercard is accepted….Get your money when you need it mostOpen your Dashboard or App.Order your SumUp Card.Enjoy faster payouts.

Can you use SumUp without WiFi?

Yes. If you don’t have access to WiFi, you can process transactions with SumUp using data coverage (minimum 3G speed) from your smartphone.

Why wont my SumUp connect?

If you’re still experiencing connectivity issues, please restart your smartphone or tablet. Once you log in to the SumUp App again, try to take a card payment to see if your card reader connects to your device. If you continue to have issues, please contact our Support Team.

Can I take payment over phone with SumUp?

Simply Send Payment Links to Mobile Devices and let customers pay by entering their card details on a mobile phone. Enter the amount in the SumUp app on your iOS or Android device.. Tap charge and select “Mobile Payments”. Share a payment link via text or with any messenger app.

How much does SumUp cost?

You’re only charged a transaction fee of 2.75% per in-person card payment, which is automatically deducted before the funds are transferred to your bank account. The Virtual Terminal transaction fee is 3.25% + $0.15.