Payouts in bank account, or faster with SumUp Card
They both deposit payments directly into your business’ bank account, minus the transaction fee which is automatically deducted. iZettle’s 1-2 working days’ settlement is slightly faster than SumUp’s 1-3 working days’ bank account transfers. It depends in part on your bank how fast the deposits take.
Settlement time for SumUp depends on whether the transaction was by debit or credit card. Debit card payments are credited within a day, while credit card payments may take up to three days to show in the bank account.
Alternatively, you can access payouts the next day with SumUp Card regardless of what day it is. If you accept transactions on a Saturday, for example, you can spend this money with the SumUp Card (a prepaid Mastercard) the day after, on a Sunday. There are no monthly fees for the card or transactions, or charges for transferring money from the SumUp Card to your bank account.