What can I do with the Business Account?
Aside from allowing you to receive next day payouts, you can send money with the Business Account or receive transfers to and from other GBP accounts. It isn’t currently possible to send to or receive from accounts to other currencies.
Your Business Account is also connected to your SumUp Card, allowing you to make payments online and in-person and withdraw cash. There’s more information on withdrawal limits and SumUp Card fees here.
What does the Business Account cost?
There's no subscription fee or sign-up charge for the Business Account. Meanwhile GBP transfers are completely free of charge.
How do I add money to my Business Account?
You can either top up your Business Account by transferring money to it from somewhere else or you can change your payout settings so payments you receive via SumUp are paid into your Business Account.
How do I send money from my Business Account?
You can easily send money with the Business Account from either your SumUp profile or the app. Likewise, you can also receive transfers from other accounts.
As an additional protection, your Business Account comes with default transfer limits.
How do I know how much money I have?
Check your account balance to ensure you always have money available when you need it. You can also download account statements to help you with your accounting.
Can I open multiple accounts?
Business Accounts are limited to one account per business. You’re free to open multiple businesses , but each must have a unique email address and SumUp profile.
Does SumUp charge interest?
No, we don’t charge interest or offer interest-bearing products.
Interested? You can sign up for a SumUp Business Account right here.