What is SumUp on bank statement?
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.
What is the SumUp payment system?
The basics SumUp is an mPOS system that works by connecting a mobile device via Bluetooth to a SumUp credit card reader that processes transactions through the SumUp mobile app. The mPOS system can accept magstripe, chip and contactless forms of payment.
What company owns SumUp?
SumUp Payments Limited
SumUp/Parent organizations
How much is SumUp worth?
This is nothing new. The company has historically been tight-lipped about how much it’s worth. It only confirmed rumours that it had passed the $1bn valuation milestone that put it into the unicorn club in 2019, seven years after it was launched in 2012.
How do I turn off sum up?
Your SumUp Air will go into standby mode after some time without use. But don’t worry, it’ll stay connected to your device. You can also power off your card reader by holding down the power button for around 3 seconds.
Where are SumUp based?
London
SumUp is a mobile payments company headquartered in London, United Kingdom.
Is SumUp regulated?
Sumup Payments Ltd is an electronic money institution focused on payment processing platform. Incorporated in the United Kingdom, Sumup Payments Ltd is authorized and regulated by the Financial Conduct Authority.
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.
Is SumUp American?
LONDON — SumUp, a U.K.-based payment processor, has acquired marketing start-up Fivestars in a bid to expand its reach across the U.S. and take on giants like PayPal and Square.
How many people use SumUp?
Over 3 million businesses rely on SumUp to get paid.
