Sumup dropping their fees to 1.69% from Jan22

[watty]

Sumup sent me an email saying they're dropping their transaction fee to 1.69% from Jan 2021.  I presume they mean 2022.

Starting from January 2021, the discounted fee of 1.69% per transaction will be our default price. And when we say per transaction, we mean all transactions, not just ones made with a card reader.  Payment links, QR codes, Invoices, or Online Store transactions – you can accept payment everywhere and you’ll only pay 1.69% as a transaction fee.

Sumup seem to be making great progress.  You can get a printer for their 'white box' now if that's your thing.  And they're trialing payments via your phone so you won't need their 'white box' in future.

I know FN "put us in touch with customers" but there's a big gap between 1.69% and 15%!  And I'd bet the 15% will go up after Xmas 

[Bob Shillin]

Don't understand why you are comparing Sumup, and FN for card payments. Sum up don't supply taxi clients. You pay FN 15% when they supply the client, If you pick up a street fare, and they decide to pay by FN there is no commission charged, or am I mistaken?

[Horse]

It used to be free if you got the passenger yourself.  Now they charge 15% of a fare you found yourself if the passenger asks to pay through the app. In these scenarios I tell the passenger I don't use them anymore because they're too expensive and I take payment through cc or cash.

[Bob Shillin]

It used to be free if you got the passenger yourself.  Now they charge 15% of a fare you found yourself if the passenger asks to pay through the app. In these scenarios I tell the passenger I don't use them anymore because they're too expensive and I take payment through cc or cash.

Wow, I did not know that. With any FN supplied client, I will only take cash or Revolut if they don't have a card registered.

[watty]

Don't understand why you are comparing Sumup, and FN for card payments. Sum up don't supply taxi clients. You pay FN 15% when they supply the client, If you pick up a street fare, and they decide to pay by FN there is no commission charged, or am I mistaken?

FN supply the client as you put it and they do the money processing as well.  If Sumup can do the money processing for less than 2%, is FN worth paying 13% for supplying the client?  Bolt can supply the client and the money processing for 10%, I believe...

[Bob Shillin]

Just got verified by Bolt at 16.00 this evening, and it offered me a local job straight away which I rejected as too early for me will give it a go tonight.

[Bob Shillin]

"If Sumup can do the money processing for less than 2%, is FN worth paying 13% for supplying the client?". At the moment if one needs reasonable money from the biz, one has no choice.

[Shallowhal]

Just got verified by Bolt at 16.00 this evening, and it offered me a local job straight away which I rejected as too early for me will give it a go tonight.

Fuk ye Bob....who's the pox who supplied their referral code?

[watty]

Be careful about Bolt.  I looked at them before and I think they knock you off the app if you refuse too many jobs?  Can't remember exactly.

[mercenary for hire]

Bolt is busy today, I rejected a few.Apparently they're giving 70 or 80% off fares at the moment to encourage new users.

I posted already Uber are giving generous freebies to passengers when they first sign up.Last month I had 5 €11 fares free.Only used one though.

[Bob Shillin]

Just got verified by Bolt at 16.00 this evening, and it offered me a local job straight away which I rejected as too early for me will give it a go tonight.

Fuk ye Bob....who's the pox who supplied their referral code?

Apologies Biggus Dickus, I forgot completely about the referral €50. If it's any consolation, had I remembered, you would have been the chosen one.

[Shallowhal]

Be careful about Bolt.  I looked at them before and I think they knock you off the app if you refuse too many jobs?  Can't remember exactly.

I know they put you offline if you refuse or decline an offer....put yourself back online if you want....maybe if you're a persistent offender they take a dim view of that.

[Shallowhal]

Just got verified by Bolt at 16.00 this evening, and it offered me a local job straight away which I rejected as too early for me will give it a go tonight.

Fuk ye Bob....who's the pox who supplied their referral code?

Apologies Biggus Dickus, I forgot completely about the referral €50. If it's any consolation, had I remembered, you would have been the chosen one.

A likely story alright....i expected better from a bleedin pensioner!!

[silverbullet]

Be careful about Bolt.  I looked at them before and I think they knock you off the app if you refuse too many jobs?  Can't remember exactly.

If you don't work enough for the ex-commies they Estonia to death!

[Horse]

Are they an Irish company Irish or where the fcuk are they from?