How do payouts work?
By default, payouts, minus our transaction fee, are sent to your bank account. But you can change your payout settings to your SumUp Business Account instead to enable next-day payouts. You can also set how often you’re paid.
Accepted transactions can take 1-3 days to process. Once processed, you can choose to receive your payouts:
Daily - every day, except for bank holidays and weekends
Weekly - every Tuesday
Monthly - every third business day of the following month
Be aware you can only refund payments made via SumUp if you have sufficient balance of outstanding payouts to cover the refund amount.
You can track your payout totals for accounting purposes with payout reports.