SumUp Vs. Square POS (2022 Comparison) – Forbes Advisor

Square charges a fee of 2.6% plus 10 cents per transaction for most transactions. If you have a Plus or Premium plan, the fee is 2.5% plus 10 cents or less. You can also accept buy-it-now and pay-later transactions with Afterpay for 6% plus 30 cents per transaction.


Both Square and SumUp offer simple solutions to help a small business owner get started and process transactions quickly and easily. The Services provide hardware, software and merchant services necessary to process your online or in-person transactions; all you need to provide is a business bank account.

With its current offerings, SumUp is best suited for sole proprietorships and micro businesses. If you are an independent service provider, an artist or craftsman or a farm owner or baker selling goods in a market, SumUp’s card readers will suffice for your transactions.

If you run a more complex business, like a restaurant or retail store, Square POS is a better solution. It is able to expand to suit small and medium-sized businesses, and its countertop hardware can better serve the pace of this type of business.

However, SumUp will soon launch its own POS system for retail and restaurants that competes with Square. Once that becomes available, choosing between providers will likely come down to what pricing best suits your business.

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