Finance

SumUp Review 2022: Features, Pricing, Top Alternatives

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SumUp offers customers a easy, low-cost strategy to settle for card funds. Every of its three card readers supply fundamental performance for lower than $100, and there aren’t any month-to-month expenses or contracts required to make use of them. The platform additionally provides a aggressive flat-rate fee processing charge of two.75% per in-person transaction and a pair of.9% plus 15 cents per bill paid on-line.

In comparison with choices which have feature-rich point-of-sale methods, like Clover or Sq., SumUp’s choices are restricted. Nevertheless, not each enterprise wants that additional horsepower; for small companies which have easy fee wants, this might be a superb right-size possibility.

Deciding elements

No month-to-month value to make use of SumUp.

Three choices, costing $19, $59 and $99.

Accepts main card manufacturers, Apple Pay and Google Pay.

  • In-person transactions: 2.75%.

  • Invoices paid on-line: 2.9% plus 15 cents.

  • Distant transactions and fee hyperlinks: 3.25% plus 15 cents.

No add-on companies at present out there.

Cellphone help out there Monday to Friday, 9 a.m. to 7 p.m. ET.

Professionals

  • Low value, low dedication.

  • All three {hardware} choices under $100.

Cons

  • Software program has restricted options.

  • Slender vary of {hardware} choices.

How does SumUp work?

SumUp lets companies settle for card funds in individual, by a web based bill, with fee hyperlinks or over the telephone.

The corporate’s three easy card readers are distinctively easy. Starting from $19 to $99, these all-white readers with black-and-white shows are additionally among the many most cost-effective methods to start out accepting in-person funds. Utilizing SumUp doesn’t require a long-term contract, and there’s no month-to-month charge to make use of it.

Two of the three readers are standalone units; to make use of them, you don’t should be tethered to a telephone or register. They connect with Wi-Fi and include limitless cellular information with none extra value to you. This flexibility generally is a plus, particularly if you happen to transfer areas regularly and don’t wish to purchase a number of tablets or telephones.

The flipside of SumUp’s minimalist strategy is that it has a restricted function set relative to different firms, particularly those who supply full POS methods. SumUp says it has a POS system coming quickly, however till then customers should depend on an app that has some parts POS methods have, like the choice to construct an merchandise catalog, however that lacks extra complicated options, like the power to construct a flooring plan of a restaurant or shortly incorporate a buyer loyalty program. Whereas different firms supply dozens of stories, you’ll have entry to just a few stories with SumUp, like transaction and income summaries.

Along with in-person funds, you need to use SumUp to ship on-line invoices to clients. You’ll even have entry to fee hyperlinks and a digital terminal that permits you to settle for over-the-phone funds.

How a lot does SumUp value?

SumUp doesn’t have any month-to-month charges. As an alternative, the one recurring charge you’ll pay is for fee processing:

  • In-person transactions: 2.75%.

  • Invoices paid on-line: 2.9% plus 15 cents.

  • Distant transactions and fee hyperlinks: 3.25% plus 15 cents.

SumUp {hardware} choices

{Hardware} comes with a set upfront value. SumUp’s three choices are all compact and reasonably priced. Contemplating the price, it’s not shocking that each one three are fundamental in comparison with the big selection of {hardware} you would possibly discover elsewhere, like a desktop register or a big colourful touchscreen.

For a fundamental possibility: SumUp Plus ($19)

A customer holds a credit card up to the SumUp Plus reader

(Photograph courtesy of SumUp)

This system isn’t a lot greater than the playing cards it accepts. Its low-fi display screen shows solely the fee sort and the full quantity with none design prospers. One notable benefit to this reader is its skill to just accept swiped, dipped or tapped playing cards — to get the identical functionality from Clover would value $49, and with Sq. you’d want two totally different units. To make use of the Plus, you’ll have to pair with the SumUp app on a telephone or pill.

For taking funds with no telephone: SumUp Professional ($59)

A customer inserts a credit card into the SumUp Pro reader

(Photograph courtesy of SumUp)

It seems to be like a giant calculator, however the Professional is a card reader that accepts tapped and dipped playing cards. You don’t want a telephone to make use of it, which is the explanation for the keypad. Along with connecting to Wi-Fi, the Professional features a SIM card, similar to your telephone, that enables it to make use of limitless cellular information to finish funds. You don’t want to purchase a telephone plan. This independence might come in useful if you happen to don’t wish to dedicate your telephone to your card reader — useful, for instance, if workers are processing transactions once you aren’t there.

For extra buyer interplay: SumUp Solo ($99)

A sample transaction screen on the SumUp Solo reader

(Photograph courtesy of SumUp)

The Solo is the corporate’s solely card reader with a touchscreen, but it surely nonetheless exudes SumUp’s no-frills aesthetic: The show is monochrome. You possibly can immediate clients for suggestions or ship digital receipts from the cardboard reader — issues you possibly can’t do with the opposite two. Just like the Professional, the Solo accepts dipped and tapped playing cards, however not swiped. All SumUp units can connect with Bluetooth printers or printers that connect with Google Cloud Print.

Advantages of SumUp

Low value, low dedication

SumUp’s low costs are its major aggressive benefit. Whereas many different funds firms have a card reader for lower than $100 along with costlier choices, SumUp’s whole {hardware} lineup prices $99 or much less. There’s no month-to-month value or long-term dedication to make use of its companies, and its fastened fee processing prices are straightforward to grasp and competitively priced.

Minimalist {hardware} with a couple of particulars that stand out

When you’re simply seeking to settle for card funds, why pay extra for a Swiss-Military-knife card reader that does 20 different issues? Discovering a card reader with the suitable options is extra essential than discovering a card reader with probably the most options. Plus, SumUp’s units have a couple of qualities which are arduous to search out elsewhere. The $19 Plus accepts swiped, dipped and tapped playing cards; you’ll seemingly pay extra or want a number of units to get the identical elsewhere. The Professional and Solo don’t should be tethered to a telephone and connect with cell networks at no additional value.

Drawbacks of SumUp

Software program has restricted options

When you’re searching for a funds associate that may additionally act as a central hub for what you are promoting, you’ll be higher off with a POS system that features fee processing. When you’re a brand new enterprise, SumUp would possibly meet your wants at this time, however if you happen to hope to develop, selecting a system that has extra superior options, like in-depth reporting, is likely to be prudent.

Slender vary of {hardware} choices

Extra superior checkout {hardware} may cost a little extra, however there generally is a good enterprise purpose to pay extra. A customer-facing touchscreen could make constructing a database of buyer contacts simpler. A big desktop terminal can show extra data than a small display screen, which may make checkouts quicker. With SumUp, your choices are restricted.

Options

One other easy, low-cost possibility: Zettle

The cardboard reader from Zettle has the identical pocket calculator vibes and low costs as SumUp. Zettle additionally has a standard desktop terminal and a POS system that’s free to make use of. It doesn’t have superior options like buyer loyalty packages or e mail advertising, however what it does have is greater than SumUp at present provides. This feature, which is owned by on-line funds big PayPal, is likely to be a superb match if you happen to additionally promote on-line.

Constructed for development: Sq.

Like SumUp, you can begin accepting funds with Sq. for lower than $50 in {hardware} prices, have a $0 month-to-month fee, keep away from a long-term dedication and pay low fee processing prices. Nevertheless, Sq.’s POS system offers you extra instruments off the bat, like higher reporting instruments, in addition to a system that may develop together with your firm. A few of the additional software program options include a price, just like the buyer loyalty program, however you can begin and cease utilizing these at any level. When you’re SumUp for invoicing or fee hyperlinks, Sq. provides these, too.

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