SumUp Card – Full Review and Presentation
Is SumUp turning into a neo-bank? The company, which made its mark with its small bank card readers for small merchants, has just launched its Mastercard payment card.
- What is this new payment card for?
- How can you get it?
- What are the associated fees?
- Can SumUp now replace your bank?
SumUp Air |
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 | Transaction fee: 1.69% Price: £34 + VAT £25 + VAT To SumUp |
SumUp Solo |
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 | Transaction fee: 1.69% Price: £79 + VAT £69 + VAT To SumUp |
Entrepreneur Hero presents and reviews this payment card for you.
Presentation of the SumUp Mastercard
The SumUp bank card is a Mastercard that allows you to easily spend the money from your SumUp terminals.
To learn more about the SumUp solution, you can read our detailed article on SumUp.
Normally, the money from your SumUp goes to your bank account in 2 or 3 business days. This delay could be long for small merchants with sometimes very tight cash flows. If you collect on a Friday on your SumUp terminal, the funds transfer to your bank account only on Wednesday. Banks do not make transfers over the weekend.
Now, with the card, you can spend your funds the next day. Thus, the collections of a Friday are accessible from Saturday via the SumUp card.
This is the main interest of this card: having access to your funds more quickly.
This will be useful for merchants really in a hurry to get their funds. In a vast majority of cases, the 2-3 days waiting for a transfer are very acceptable.
How much does the SumUp card cost?
The card is free to order and use in the UK or abroad. No fees for using it. SumUp will charge 2% of the amount for withdrawals beyond 3 per month.
If you are already a SumUp customer, order your card. It will cost you nothing and can help you out in an emergency.
The card’s features.
It is a classic prepaid Mastercard payment card to which SumUp has added modern functionalities popularized by neo-banks.
A Prepaid SumUp Card
You cannot spend more than the money you have on your SumUp account. It is a prepaid card with systematic authorization.
A Card Managed via the SumUp App
If you lose your bank card, you can quickly block it using the SumUp app or your SumUp dashboard online.
How to order your SumUP card?
Ordering the card
Nothing could be simpler. Go to your online space or your app and follow the instructions. We received it in less than a week after ordering.
If you haven’t confirmed your account yet, SumUp will request your ID to validate the card delivery.
Choosing the Pin Code
As soon as you have received your SumUp Card, you can choose your PIN code. The procedure is very simple:
- Log in to your online SumUp space (or via the app)
- Go to the “Card” menu
- Then “Configure PIN”.
- Finally, choose the 4-digit PIN code
You can change your PIN code at any time via this menu.
Card Activation
The card is delivered with a balance of £1. Thanks, SumUp! To activate it, you need to make a transaction with one of your SumUp terminals.
After activating your card, all your collections will go onto the card instead of your bank account like before. You can change this setting at any time but do not be surprised to wait for a transfer.
To switch back to transfer mode, it is very simple:
- Go to the SumUp Card tab
- Enter the amount you wish to “Transfer” in the “Overview” tab.
- Confirm
Can SumUp replace my bank?
Almost. The SumUp Pro Account allows you to obtain a card, an IBAN, and an interface to manage your transfers.
So, it is a real bank account that will enable you to manage your transactions. You can issue and receive transfers from your SumUp-associated IBAN. Free and unlimited.
The SumUp Pro Account is convenient and will meet simple needs if you are a small entrepreneur, for example. However, if you have more complex needs, you might prefer other more traditional banking offers. To learn more, you can read our full review of the SumUp Pro Account.
Our Verdict
The card is not essential. Its only interest is to allow you to have access to your funds more quickly.
The next day instead of 2-3 business days later. It’s a small plus, but it’s not revolutionary. However, the card is free, so don’t deprive yourself of getting it.
