Finance

Is The Sumup On A Good Card Machine?

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SumUP On is the intermediate card machine offered by the operator SumUp. It has some functions that go beyond the basics, but it does not have others necessary for those with a high volume of sales. It is a lightweight device, in addition to being portable, as well as other sumup machines.

It has some differences in comparison with competitors of the same machine style. The differences can be decisive when choosing which card machine to buy.

Quick and practical, it is among the models that offer the entrepreneur a good cost-benefit ratio. The price to acquire it is low and the fees charged by the operator are very competitive. There is no rental charge or any other type of taxation.

Is Sumup On Good?

One of SumUp On’s first qualities can be seen before having the device in hand. Her price is low. It costs 12 times R $ 19.90, equivalent to R $ 238.80. In addition to not being expensive, there is no rental charge or membership fee.

No credit analysis is done to buy it. It’s like making one buy any one at a mall store. You only need to register with information about your identification data. The machine can be purchased by both an individual and a legal entity.

Don’t have a bank account? No problem. If you buy SumUp On, you will have access to a digital account at SumUp Bank and a card that serves as a debit and credit. Through them you will be able to control your income, make transfers and payments.

Withdrawals can be made at the Banco 24Hora ATM network. The fee charged for withdrawal is R $ 5.90.

SumUp On Fees

! SumUp On Fees, Below, check out the SumUp On fees.

FeesEconomic PlanEarly PlanDebt 1.9% – payment in 1 business day Cash credit 3.1% – payment in 30 days4.6% – payment in 1 business day Installments 3.9 % (2 to 12x) payment every 30 days 4.6% (initial fee) + 1.5% per installment – payment in 1 business day

SumUp charges a commission on the value of its sales. If, for some reason, you have to go without using your machine for a while, there will be no charges.

If you choose the advance plan, the sale amount will be deposited in your account within one business day. On the economic front, your balance will be deposited in 30 days. Other companies have the option of receiving payments in 14 days, in addition to having the option of immediately depositing the sale amount.

When paying on debit, the fee charged by the company is 1.90%, with the amount being deposited in the account in one business day. In sales made in cash, SumUp’s commission is 4.60% in advance. In the case of economic transactions, the rate charged by the operator drops to 3.10%.

If you purchase SumUp On, you will still get a bad bonus. The operator’s commission will be 1% in debit and credit in cash in the first 3 months of using the card machine or until reaching R $ 20 thousand in sales.

Credit card payments can be made in up to 12 installments. If you choose to receive the amount for the advance plan, you will pay a fee of 4.60% plus 1.50% for each installment of the purchase. However, if your option is for the economic plan, the commission will be 3.90%, regardless of the number of installments in which the sale was made.

This is one of the main advantages of this card machine. Most competitors, even when you choose to receive the amount in 30 days, charge a commission proportional to the number of installments. The greater the number of times the sale was made, the greater the commission charged.

However, you will also receive payments in installments – to operators who, even in installments, deposit the entire transaction in one go. That is, if you split the sale made through SumUp On three times, for example, you will receive the value of the first installment in 30 days, the second installment in 60 days and the third installment in 90 days.

NFC: Payment By Approach

SumUp On has two of the main technologies available in card machines. One is NFC, payment by approximation, and the other is the 3G chip.

The NFC technology allows the payment to be made without the need for the card to be inserted in the machine or even, in some cases, without having to use the card. NFC stands for Near Field Comunication.

The customer can also configure his card to work on the cell phone or smartwatch. That is, you can make the payment without having to use the card.

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