Is SumUp a German company?
SumUp is a global financial technology company headquartered in London, United Kingdom.
Who is SumUp owned by?
Marc-Alexander Christ, Co-Founder of SumUp, comments: “From the shop-floor to the online checkout, SumUp is looking to be the first point-of-call to merchants globally. Every decision we make to expand our product suite is made with the consideration and feedback from our 1 million users worldwide.
What is SumUp on 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.
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).
Where is SumUp based?
Overview Suggest Edit
| Type | Private |
|---|---|
| Founded | 2011 |
| HQ | London, GB |
| Website | sumup.co.uk |
Is SumUp secure?
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 secured payment server. In addition, SumUp never stores any sensitive data on mobile devices such as your smartphone, tablet, or the card reader.
How much is SumUp worth?
SumUp Funding, SumUp Valuation & SumUp Revenue SumUp’s valuation in July 2019 was $1,000M.
What is a SumUp payment?
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.
What are SumUp charges?
There are no ongoing or monthly fees with SumUp – it’s simply a case of paying a flat rate of 1.69% per transaction. Refunds are free as long as they are processed prior to the transaction being paid into your bank account, otherwise the original 1.69% card fee will be charged.
What bank does SumUp use?
Starling Bank
SumUp allows merchants to receive money directly into their accounts quickly thanks to its partnership with Starling Bank. Payouts can be daily, weekly or monthly.
What companies use SumUp?
SumUp also plans to scale existing partnerships across the new markets. The company has successfully built a strong partnership portfolio across Europe, including Metro Cash & Carry, Unicredit, UBS, Tupperware and mytaxi.
Can SumUp be hacked?
They tested a range of devices shipped by some of the best-known payment companies in the world, PayPal and Square, as well as up-and-coming players iZettle and SumUp. Two versions of the same reader were found to be vulnerable to hacks that could steal PIN numbers in plain text.