SumUp Air charging station - only use with SumUp Air

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Online Store: In 2021 SumUp announced the relaunch of the SumUp Online Store, an e-commerce platform that enables anyone to create an online business for free. [25] In February 2021, SumUp further acquired the Lithuanian core banking system provider Paysolut, after a two-years long business partnership between the two companies. [12]

Traditional countertop card machines, the type you commonly see in supermarkets and large retail chains, require a physical connection to the internet or a phone line. Conversely, portable card machines connect over Wi-Fi or mobile data, and so don’t need to be tethered to a fixed spot in your place of business. Trajkovska, Bojana. "Assemble a team of visionaries: Interview with fintech unicorn SumUp co-founder Marc-Alexander Christ | EU-Startups" . Retrieved 21 July 2019. Following acquisitions and global expansion, SumUp now has almost 3,000 staff, spread across 23 locations, as of January 2022. [18] In June 2022, the company was valued at around €8 billion in a €590 million funding round and has since become one of Europe's most valuable fintechs. [19] Products and services [ edit ]a b "SumUp Expands its Product Suite with Acquisition of eCommerce Company Shoplo". SumUp - a better way to get paid . Retrieved 29 May 2020. Business owners operating from fixed locations also love the portability of our mobile card machines. If you run a restaurant, for example, you can offer your customers the convenience of paying at the table, rather than forcing them to queue at the bar. Gift Cards: launched in 2020 via a partnership with Google, small businesses can use Google My Business to add gift cards directly to their profile. [24] SWIFT is the Society for Worldwide Interbank Financial Telecommunications, and it’s used by thousands of banks to facilitate money transfers between parties. Using SWIFT codes, messages that indicate how much money to transfer are sent between banks.

a b Lunden, Ingrid. "SumUp, Another European Square, Expands To Italy, Spain And Holland, Now Covering 7 Countries 12 Weeks Into Launch". TechCrunch . Retrieved 4 January 2018. Yes, they are. You’ll often see BIC codes referred to as SWIFT codes, SWIFT/BIC or BIC/SWIFT. They’re a bit like postcodes, in that it’s important to provide the correct one when you transfer money. If you get the SWIFT/BIC wrong, your transfer could get delayed, returned, or sent to the wrong place. Vazquez, Dayana (3 September 2020). "BancoEstado finaliza alianza con SumUp y se queda con la propiedad y marca Compraquí". América Retail. SumUp Launches US Expansion With EMV Terminal | PYMNTS.com". www.pymnts.com. 22 October 2015 . Retrieved 4 January 2018.The SumUp POS terminal concept, and indeed the other products in the range, certainly makes a change from many of the other humdrum chunks of hardware out there. There’s a SumUp stand, which in effect is a sustainably sourced and neatly styled bit of kit to hold a tablet. SumUp acquires London-based Goodtill to expand services to restaurant and hospitality sectors". goodtill. 19 November 2020. Simple layout: Manage branches, employees and customer information all on your Lightspeed POS dashboard. Merchandise management: Always have an instant overview of your inventory on the helloCash dashboard. Finextra (21 November 2017). "BancoEstado and SumUp to launch mobile card acceptance in Chile". Finextra Research . Retrieved 4 January 2018.

To support this global network of small and growing businesses, we’ve built a product ecosystem that extends far beyond affordable credit card machines. The idea of SumUp was conceived in 2011, and the company was founded in 2012. [3] Investors include Goldman Sachs, Temasek, Bain Capital Credit, Crestline, Oaktree Capital Management, American Express, BBVA Ventures and Groupon. [4]If you have a SumUp Business Account in the UK, your account comes with a UK account number and sort code, but in EU countries the account comes with an Irish IBAN, starting IE. You can find your UK account number or IBAN in the SumUp app or web dashboard. In November 2020, SumUp acquired the London-based POS software provider Goodtill, followed by Paris-based Tiller in February 2021, to strengthen its position in the restaurant and hospitality sector. [10] [11] IBAN stands for International Bank Account Number. It’s an internationally-accepted system that simplifies bank transfers around the world by identifying individual bank accounts. SumUp’s primary product offering is an EMV card reader, which can read magnetic strip, chip ("Chip and Pin"), and RFID/NFC. Finextra (13 November 2013). "SumUp opens Sao Paulo office for Brazil launch". Finextra Research . Retrieved 4 January 2018.