SumUp launches all-in-one Chip & PIN device for small businesses
PIN+ ‘first in the world’ to cover all aspects of electronic payments process
Mobile payments company SumUp today announced the launch of a new proprietary Chip & PIN device for business, which it claims will be the first in the world to cover all aspects of the electronic payments process.
Entitled PIN+, the mobile point-of-sale (mPOS) device will combine a Chip & PIN card terminal, Android and iOS payment systems and an EMV-certified electronic payment platform into one system.
The device, which will retail for £79, goes on sale in Switzerland and Poland today, with a commercial roll-out in other countries including the UK set to occur in the following weeks.
It will accept all major debit and credit cards and is compatible with all major iOS and Android devices.
SumUp claims PIN+ is the first device of its kind to be designed and built in-house by a European mPOS company, which it says has enabled it to achieve an “unrivalled” cost position.
It says it will pass on these savings to its customers through its transaction rates, which will be charged at a flat 1.95% per sale with no monthly fees.
Daniel Klein, chief executive of SumUp, said: “The launch of PIN+ across Europe is a big milestone for SumUp. Our mission was nothing less than to create the one Chip & PIN device that will empower the world to accept card payments.
“No vendor could have supplied us with a Chip & PIN device to meet our strict criteria for reliability, design and security, along with a user experience that is so intuitive that even merchants who have never accepted card payments before can start selling immediately without having to read a manual. In short, PIN+ is the easiest and safest Chip & PIN device to use with a mobile phone or tablet.”