Depending on your bank’s settlement procedures it may take up to 2-3 business days from the transaction date to the day the funds appear on your bank account. Please also be aware that banks only transfer funds on business days.
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 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.
Can you withdraw cash from a SumUp card?
Your SumUp Card is a prepaid Mastercard that allows you to make card payments online and in person and withdraw cash using money from your Business Account.
How long does it take to transfer money from SumUp to bank account? – Related Questions
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).
What does payout mean on SumUp?
After we receive funds from the Payments you process through SumUp, we pay out what’s owed to you to your Wallet (“Payout”). You can choose to automatically route Payouts to the bank account linked to your SumUp Account.
Can I use my SumUp card in shops?
The SumUp Card is a contactless Mastercard that comes as part of the free SumUp Business Account. It’s a secure company card for your business expenses, and you can use it to pay in-store, in-app and online.
What is the limit on SumUp?
Prior to any changes, the default limits for your SumUp Card are as follows: In-store: €2,000 per transaction and €10,000 per day. Online: €2,000 per transaction and €10,000 per day. ATM: €300 per with €1,200 per day.
What is SumUp used for?
Welcome to SumUp! Our products empower merchants to accept credit and debit card payments anywhere with our intuitive, cost-effective devices. With SumUp, merchants can take cards with a Visa, American Express, Diners, Discover, or MasterCard logo.
How do you use SumUp cards?
Open the SumUp App and log in using your email address and password. Tap on ‘Account’ (Android: menu symbol in the top left corner). Now open ‘Payment methods’/’Choose card reader’ and tap ‘Air’ to start the set up.
Do you have to be a registered business to use SumUp?
Creating your SumUp account
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.
How much does SumUp charge per transaction?
Processing Fees
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.
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.
Does SumUp work with PayPal?
In addition to what PayPal offers, SumUp and iZettle both accept V Pay, Diners Club, UnionPay and Discover, while iZettle also accepts JCB. (See why this matters.) Apple Pay and Google Pay (formerly Android Pay) are accepted by PayPal Here, but Samsung Pay is still not.
How does SumUp work UK?
SumUp Invoices is an invoicing function that works via the app, or via a desktop URL. The template enables you to personalise your invoice with your business logo and company details. Every time you generate an invoice, simply enter the customer and transaction details. The customer then pays via the link.
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.
Can someone else use my SumUp machine?
Employees each have a separate login for the SumUp App with a separate email address and password, and you can have as many employee accounts as your business needs. They can accept card payments and check their Sales History in the SumUp App.
Can I use the SumUp with my phone?
SumUp’s Tap on Phone feature allows you to receive contactless payment directly via your phone with no need for a card reader. All you need to get started is a SumUp profile and the SumUp App installed on your Android mobile device.
Can I have 2 SumUp accounts?
Only 1 bank account per SumUp Profile is allowed. It is not possible to link two bank accounts to your SumUp Profile.
How do I verify my SumUp account?
Choose “Profile” and then click “Documents”. Here you can upload your ID document to the section “Legal identification” and the proof of your address to the section “Proof of address”. Once uploaded, our team will verify them and get back to you via email.