SumUp scraps fees across Europe to help tackle spread of coronavirus

By Aisling Finn on Friday 27 March 2020

Digital Banking

SumUp currently has over 2m merchants relying on its card readers and has an extra 5,000 joining every day.

SumUp scraps fees across Europe to help tackle spread of coronavirus
Image source: SumUp

SumUp, provider of card readers to 2m small businesses, has announced that it is waiving fees for mobile payments and invoicing across Europe to enable users to process payments remotely.

The platform hopes this will help tackle the spread of coronavirus by allowing merchants to process payments by sharing a link via email, WhatsApp, SMS or any other messaging platform.

All commissions on mobile payments have been scrapped until 30 April 2020 and SumUp’s new invoicing feature will also be fee-free until the end of April for UK customers.

The invoice feature allows British users of SumUp to send and keep a digital record of invoices through the platform’s app and online dashboard. 

Marc-Alexander Christ, co-founder of SumUp said: “SumUp currently serves millions of small businesses and artisans, many of whom are still able to keep their shops open and carry on selling their services, while others are having to entirely reinvent their core offering,”

“That’s why we think it’s extremely important to encourage people to use remote payments solutions that preserve the health and safety of our society and can serve as a potential boost for many small businesses in these difficult times.”

Last month SumUp announced it was launching a Mastercard-backed card for business payments to let firms to quickly and easily access their funds (rather than having to wait for payouts), monitor their finances closely and make essential business payments easily.

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