SumUp initiates payments – minus the transaction fee – to your bank account or SumUp Business Account daily. It takes 1–3 working days to clear in the bank account, whereas the SumUp account receives funds the following day. You can also choose to be paid weekly or monthly on a schedule.
How do I link SumUp to my bank account?
Change your bank details
- On your SumUp profile, select the profile symbol in the top right corner.
- Select “Your profile”
- Choose “Bank details” and then “Change bank account”.
- Enter your new sort code and account number.
- Click “Save and continue”.
- You’ll receive an SMS to your registered phone number with a 4-digit code.
How do I transfer money from my SumUp account?
On your SumUp profile, open the “Business Account” tab from the left side of the screen. Click “Send money”. Choose an existing recipient or click “New recipient” and enter the recipient’s information.
How long does it take to transfer money from SumUp to bank account?
Once we receive your request to enter into a transfer from your Wallet to the Wallet of another SumUp Account, we will credit the Wallet of the other SumUp Account immediately. Transfers to bank accounts may take up to 3 to 5 working days depending on the provider.
How long do SumUp payments take to clear? – Related Questions
Do I need to be a registered business to use SumUp?
To use the Services, you must be at least 18 years old and register an account with us (“SumUp Account”, “Profile” or “Account”). By accepting these Terms you confirm that you are an entrepreneur, freelancer, or business owner and use the services exclusively for business use. Minors are prohibited from registering.
What percentage does SumUp take?
Transaction fees
For all our card readers, the standard fee is: Debit card: 1.69% Credit card & NFC: 1.69%
Can you use SumUp for personal use?
The linked bank account must be a dedicated business bank account and not a personal account. Your account must be in the official currency of the country you’re registered in. The name on your bank account must match the name on your SumUp profile. SumUp accepts most major banks and cards, including prepaid cards.
What does payout mean on SumUp?
The green bank symbol along with the payout date shows you the date of the payout through SumUp. In other words: the day we transferred the funds into your bank account. Depending on your bank it might take 1-2 additional days until you see the funds on your bank statement.
Is SumUp a bank account?
Is SumUp a bank? No, SumUp isn’t a bank. We are a leading financial services provider and an authorised electronic money institution, regulated in the UK by the Financial Conduct Authority (licence no. 900700).
Is SumUp safe for customers?
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 card reader.
What mobile network does SumUp use?
SumUp 3G displays for sending a digital receipt. The card machine works with WiFi or/and makes use of the 3G network via the preinstalled SIM card in order to process card transactions. SumUp provides unlimited data on this card, so you don’t need to top it up.
What is SumUp on my bank statement?
A payment displayed as SumUp on your bank statement means that you have paid someone who uses one of our card readers. On the statement it should also display the name of that merchant. Hope this helps.
Can I have two SumUp accounts?
Only 1 bank account per SumUp Profile is allowed.
Does SumUp work with iPhone?
SumUp on the App Store. This app is available only on the App Store for iPhone and iPad.
Does SumUp accept Revolut?
It can integrate with payment providers such as SumUp and Paymentsense and accounting software such as QuickBooks and Xero.
Is SumUp contactless?
SumUp provides businesses with a card reader that can receive contactless payments made by card or smartphone, at no extra cost.
Does SumUp accept Google Pay?
With Google Pay™. Now you can add your SumUp Card to Google Pay and make fast, simple payments online, in apps and in person using your Android devices. It’s the safer way to go contactless. No need to dig out your card or enter your PIN.
Can I use Google Pay at ATM?
Google Pay works the same as Apple Pay. Withdraw money at any ATM that has the contactless symbol.
Can you take card payments over the phone with SumUp UK?
Payment by phone is generally completely free of charge for customers. For merchants who want to accept payments by phone, the fees depend on the card terminal provider. At SumUp, contactless payments, whether by phone or card, are processed in the same way as chip and PIN payments.
How do I connect my Bluetooth to SumUp?
Start a new pairing by opening the ‘Account’ section of the app on the top left (iOS: ‘Account’, Android: menu-symbol), tap on ‘Payment methods’/’Choose card reader’ and choose ‘SumUp Air’ as your card reader. Restart your smartphone/tablet: by doing so, the Bluetooth chip restarts.