Have you heard of SumUp? If you are a small business owner, you’ll want to know about this company. This app could be the answer to easier card payments.
SumUp Review: What Is It?
SumUp is an up-and-coming FinTech outfit. Last year, it was voted Europe’s fastest growing company. With its launch in 2012, SumUp has expanded into 33 countries and, most recently, moved into the United Stated FinTech market. Operating out of Boulder, CO, SumUp hopes to bring their technology and low transaction rates to small and medium-sized businesses throughout the states.
The company plans to become the first global mobile-point-of-sale (MPOS) company. As the business continues to grow, SumUp will continue to focus on providing lower transaction rates than similar services as well as responsive customer service.
An Easier Way to Pay Your Business
You’ve probably seen mobile payment devices recently. In the past, when the Girl Scouts were outside the grocery store, you could get away without buying anything if you simply didn’t have cash. However, with mobile payments, you can now run a credit or debit card anywhere.
You can carry the SumUp device everywhere and use it anywhere. With your smartphone, you can accept credit and debit card payments wherever you are. Hundreds of thousands of small businesses around the world are already using SumUp to get paid. The company has also developed a suite of software to integrate SumUp into other apps and services your company offers.
Traditionally, services like this have not been open to small businesses. SumUp wants to provide the same high-tech payment option for the little guy. Businesses using SumUp vary from coffee houses to mechanics to boutiques.
How to Use the SumUp App
The SumUp app is easy to use and easy to get started. The company even provides paperless onboarding, and customer service is available every step of the way, no matter what questions you may have.
The company prides itself on providing the best value and service possible for small businesses using their tool. To do this, they maintain open and transparent communication. What’s their bottom line? To build a better way to get paid.
How Much Does It Cost?
Because SumUp is targeting small-to-medium business owners, you might wonder if you can afford this tool. Well, the answer is yes! SumUp has made their MPOS device and other services extremely affordable.
You can order the device itself for just $69. You’ll get free delivery within 3 to 4 business days. It also comes with a 30-day money back guarantee as well as a one-year warranty.
On top of those perks, the SumUp device includes free reporting, free phone and email support, and all payments hit your bank account within one to two business days.
Best of all, the company only receives 2.65% of each transaction paid for with the SumUp device. So, your business won’t be spending a fortune on gathering payments. Even better? There are no monthly fees or additional costs.
Is SumUp Right for Your Business?
All in all, SumUp is a fantastic new company looking to provide easy payment options for small to medium-sized businesses. Many of these businesses find themselves paying high transaction fees or unable to accept certain types of payment (American Express or other credit cards) because of the high transaction fee.
If you’re looking for a more affordable way to process credit card transactions, consider trying SumUp out for a month. They have low fees that they are focusing on maintaining. With the device, you can also accept any type of credit or debit card payment, no matter what type of card it is. And, their 30-day money-back guarantee means you have nothing to lose.