A German card reader for smartphones
It is all changing now. And because the credit card processing infrastructure was not as developed as in many other parts of Europe, many German businesses are taking a leap from cash only to the newest mobile card readers for smartphones or tablets. The card devices connects to a smartphone or tablet with cable or Bluetooth, and then uses the power of the Internet (though Wifi or 3G/4G) of the smartphone or tablet to process a payment.
A German founded company, Payleven, was actually the first to introduce a mobile Chip & PIN card solution internationally. Founded in Germany in March 2012, it proved that Germans can be innovators in this area too. With no fixed monthly cost and a low upfront cost of 79€ for the card reader, it offered an attractive alternative to the more expensive traditional card terminals.
SumUp, another Berlin start-up, launched its PIN+ card reader in 2014, at that time the most advanced of its kind in the German market. SumUp matches Payleven’s transaction fees: 0.95% for EC cards and 2.75% for all other cards. The card reader is available for 59€ Euro.
For a review of the latest SumUp card reader in German, see SumUp im Test: bestes Kartenterminal ohne Fixkosten?
Currently as the only mPOS system in Germany, SumUp offers the ability to upgrade to a full POS system with inventory control and all features expected of a modern POS system (what the Germans refer to as “Kassensystem”) – you may read our review of the SumUp POS system in German here. While the system is cloud based, is also works in offline mode. As a complete package of POS hardware, software and payment solution for affordable rates, it is expected to be welcomed by the small retail and gastro market.
SumUp was the first European mPOS provider to accept Bitcoin in its app.