Square’s first card reader is free while terminals start at $299. For small businesses, both options are competitive. Neither SumUp nor Square charge a monthly subscription fee for their service. Clover’s fees are also lower than SumUp’s for charges over $200. In general, Clover’s hardware and software are more expensive than SumUp’s, but it may be a better fit for large companies, especially restaurants. While SumUp does not charge a monthly subscription, Clover’s subscription fee starts at $9.95. SumUp does not require a minimum balance and does not have an overdraft fee.Ĭost ranges from $35 to $99 (custom pricing for the SumUp POS + Loyalty)įirst card reader is free (additional card readers are $10) Terminals start at $299 You will also receive a Mastercard within two to three days of opening your account. For account holders, this will allow you to have your payments directly deposited into your SumUp bank account and manage them through the SumUp mobile app. SumUp has recently begun offering the option of opening a SumUp business online account. There is also the option to receive support via email or to find the information you need on the company’s online support center. If you are the kind of person who prefers to speak over the phone when you need customer support, you might find the hours limiting as phone support is only available Monday through Friday from 9 a.m. PGP (Pretty Good Privacy) – An international encryption program used for transmitting information online.SumUp uses 256-bit encryption, the standard level for software companies processing sensitive data. SSL ( Secure Sockets Layer) and TLS (Transport Layer Security) – Encryption protocols that protect the information transmitted over the internet.PCI-DSS (Payment Card Industry Data Security Standard) – A standard for the credit card industry for data transfer and storage.SumUp complies with the following security standards: The company does not store any sensitive information on mobile devices including smartphones, tablets and card readers. SecurityĪll data processed on SumUp’s server is encrypted as well as transferred to SumUp’s secure payment server. There are also multiple affordable hardware options to choose from that do not require custom pricing. The pricing of hardware and transaction fees is transparent, making it easy to manage accounting and expenses. It is easy to set up and once your account is approved, you can start accepting payments right away. SumUp’s hardware is designed to be intuitive and easy to use. This option is meant for large businesses that transact more than $150,000 per year with an average purchase of over $20. Includes a cash register and a receipt printer. In addition to Bluetooth, the device works with Wi-Fi and free, unlimited mobile data with a built-in SIM card. You can also remove the device easily when you are on the go. Connects to your device via Bluetooth.Ĭradle allows you to display the device to customers easily. Processes more than 500 transactions in one battery charge. Its customer service can be slow and phone support is only available Monday through Friday from 9 a.m. SumUp does not accept high-risk merchants. This policy differs from one of SumUp’s top competitors, Square, where you are able to process a remote payment automatically once you set up an account. Merchants must apply separately for a virtual terminal that allows them to process payments remotely. The transaction fee structure is also transparent. There are no monthly account fees or minimum fees an account holder is required to pay. One of the biggest benefits of SumUp is that the pricing structure is transparent for the mobile POS and the product is easy to use. SumUp offers hardware for as little as $35, making it easy for new business owners to start accepting credit card payments from their customers. SumUp accepts all major credit cards and payment methods, including Visa, Mastercard, Amex, Apple Pay and Google Pay. For example, if you sell merchandise at fairs or festivals, a portable POS system’s flexibility will be helpful. SumUp’s mobile POS systems are ideal for merchants who need an easy way to process payments on the go. SumUp offers smaller and more affordable hardware for mobile payments as well as customizable full-scale POS systems for larger businesses that need a more robust set of features, including a cash register, receipt printer and a tablet. The hardware, which is available in several options and prices, connects to the SumUp mobile app via Bluetooth. SumUp’s POS system can accept chip, swipe and contactless forms of payment. SumUp offers point-of-sale hardware and software for companies to use and accept all methods of payment.
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