SumUp Air charging station - only use with SumUp Air

Product Information

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] Card machine prices and recurring fees used to be so prohibitive that many small businesses opted for accepting cash only. On top of that, business owners had to contend with the binding contracts and bureaucracy that came with using a card machine. Then card machines for small businesses were created. 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] Point of sale system: As an all-in-one register, the SumUp Point of Sale system "POS register" consists of a SumUp card terminal, a pre-configured iPad, an iPad stand, a receipt printer, a cash drawer and a Wifi router. [22] Only available in Germany and select other countries.Other POS solutions are available via Tiller and Goodtill technologies.

We recommend enabling push notifications so you’ll always know when your business account is used for an online transaction. SumUp opens business accounts for fast-growing merchants". finextra.com. Finextra . Retrieved 29 March 2022.Finextra (13 November 2013). "SumUp opens Sao Paulo office for Brazil launch". Finextra Research . Retrieved 4 January 2018.

Trajkovska, Bojana. "Assemble a team of visionaries: Interview with fintech unicorn SumUp co-founder Marc-Alexander Christ | EU-Startups" . Retrieved 21 July 2019.SumUp’s primary product offering is an EMV card reader, which can read magnetic strip, chip ("Chip and Pin"), and RFID/NFC.