SumUp One is a new subscription offer to equip yourself with a mobile payment terminal (mobile TPE) for companies such as entrepreneurs and craftsmen. It has just been launched in France, after a first deployment in Italy last year, and leaves the choice the freedom to choose it or to prefer the old pricing logic. Which is the best, especially for getting started?
The new subscription costs 29 euros per month. SumUp One wants to compete with Smile&Pay, a French mobile TPE solution which also offers a subscription (this is its only offer) as well as Yavin and Revolut. But in France, the new enemy to beat is called Stancer, the new fintech from Xavier Niel and the Iliad group (Free).
With the new ultra-competitive prices, SumUp must also review its logic.
In essence, the subscription makes it possible to lower the commissions practiced on the transactions and lower the cost of the material. Faced with brands like Square or Stancer, the price of its terminals is higher. They vary depending on the model chosen. Here is the current range of SumUp mobile TPEs:
- SumUp Air : 39 euros
- SumUp Air (with charging station): 44 euros
- SumUp Only : 79 euros
- SumUp Solo (with printer): 129 euros
The advantages of SumUp One
If you opt for SumUp One, the subscription at 29 euros per month, the cost of SumUp Solo drops by 50%. You will therefore save 40 euros. You are therefore winners for 2 months with lower costs than by going through the company’s classic offer. Then, everything will depend on the number of transactions you intend to make per month. Commissions with SumUp One go from 1.75% to 0.99%. In other words, the more transactions you make, the more you will make the 29 euros monthly withdrawn.
Stancer’s TPE, on the other hand, is free provided you make at least 150 transactions per day. Otherwise, it comes down to a subscription of 15 euros per month, which is still cheaper than what is found with the SumUp One or Smile&Pay subscription (35 euros per month). It is the only one to really differentiate itself economically, while SumUp is globally at the same level as its competitors.
Launched in 2012, fintech now has more than 4 million customers in 35 markets. In Italy, where SumUp One arrived last year, “thousands” would already have opted for the new pricing method.
