There are a number of things to consider when selecting which card payment provider your business should use. Although the cost is a key consideration, you also need to consider functionality, speed of receiving funds, customer support and compatibility with existing services you may use.
Lets read on to see how the two providers compare.
Disclaimer: This page may contain affiliate links.
myPOSS started in 2012 and quickly expanded across Europe, since 2017 they have been headquartered in London. The are licensed by the FCA as an e-money institution.
They now offer card processing services online and in store to lots of small and medium sized businesses across Europe.
SumUp is the longer established card payment provider of the two, they started in 2012 helping small businesses accept card payments. They now operate in the UK and many other countries and have over 3 million customers.
They are a UK based company and have a range of three mobile card readers, allowing small businesses and traders to take debit or credit card payments instore and on the move.
Unlike traditional merchant service providers, there are no contracts, no minimum monthly fees and they have a handy app to manage your account.
Comparison Table: MyPOS V SumUp 2022
If you are thinking of getting a SumUp or MyPOS card reader, it’s best to know what the different features and fees are.
That’s why we have created this handy table below showing all the fees, features and services side by side.
Table updated: 12th July 2022
|1.69% Fee||1.1% Fee|
Free up to 5
8am to 7pm
8am to 5pm
Customer Service: SumUp vs MyPOS
SumUp Trustpilot Score: 3.1/5 (12th July 2022)
myPOS Trustpilot Score: 4.2/5 (12th July 2022)
Based on Trustpilot scores myPOS has a top rated score with 83% saying they are excellent or good, compared to just 70% saying SumUp are excellent or good,
In summary both providers have a strong mobile and in store PDQ offering.
Pricing is similar, although based on fees myPOS transaction fees may work out better for bigger average transactions and SumUp for very small average transactions.
Both offer no contracts but myPOS has a higher Trustpilot score than SumUp.