Choosing between SumUp and Payanywhere for your business? Both are popular multi-industry solutions, but they serve different needs. SumUp starts at $39 (reader) + 2.75% per transaction and is Mobile card reader with simple pricing, while Payanywhere starts at $49.95 (terminal) + 2.69% per transaction and is Mobile payments and POS for small businesses. This comprehensive comparison will help you decide which POS system is the right fit for your operation.
Quick Comparison: SumUp vs Payanywhere
| Feature | SumUp | Payanywhere |
|---|---|---|
| Category | Multi-Industry | Multi-Industry |
| Starting Price | $39 (reader) + 2.75% per transaction | $49.95 (terminal) + 2.69% per transaction |
| Rating | 4.3/5 | 3.9/5 |
| Target Business | Small Business | Small Business |
| Pricing Model | Transaction-based | Transaction-based |
| Free Trial | No | No |
| Free Version | No | No |
| Best For | Small businesses and mobile sellers | Small businesses wanting fast funding |
SumUp Overview
SumUp provides mobile payment solutions and card readers for small businesses. Features simple pricing, no monthly fees, and easy setup for accepting card payments on the go.
SumUp is offered by SumUp (founded 2012) based in London, UK. The system focuses on Retail, Service, Mobile Businesses.
Key Features:
- Card Reader
- Mobile Payments
- Invoicing
- Payment Links
- Reporting
- No Monthly Fees
Payanywhere Overview
Payanywhere offers mobile payment solutions with card readers and POS apps. Features next-day funding, invoicing, and business management tools for small businesses.
Payanywhere is offered by North American Bancard (founded 2011) based in Troy, MI. The system focuses on Retail, Service, Mobile.
Key Features:
- Mobile POS
- Card Readers
- Invoicing
- Next-day Funding
- Inventory
- Analytics
Feature Comparison
SumUp Features:
- Card Reader
- Mobile Payments
- Invoicing
- Payment Links
- Reporting
Payanywhere Features:
- Mobile POS
- Card Readers
- Invoicing
- Next-day Funding
- Inventory
When comparing features, SumUp stands out with No monthly fees, while Payanywhere differentiates itself with Next-day funding. Your choice should depend on which features align better with your specific business requirements.
Pricing Comparison
| Pricing Aspect | SumUp | Payanywhere |
|---|---|---|
| Starting Price | $39 (reader) + 2.75% per transaction | $49.95 (terminal) + 2.69% per transaction |
| Pricing Model | Transaction-based | Transaction-based |
| Price Range | Budget | Budget |
| Free Trial | Not available | Not available |
| Free Version | No | No |
Both systems offer competitive pricing for their respective feature sets. Consider the total cost of ownership including hardware, processing fees, and add-on modules when making your decision.
Pros and Cons
SumUp
Pros:
- No monthly fees
- Simple flat-rate pricing
- Easy setup
- Portable
Cons:
- Higher per-transaction rate
- Limited POS features
- Basic reporting
Payanywhere
Pros:
- Next-day funding
- Free mobile app
- Multiple hardware options
- Invoicing included
Cons:
- Mixed customer reviews
- Transaction fees vary
- Contract requirements possible
Who Should Choose SumUp?
SumUp is ideal for Small businesses and mobile sellers. The system is particularly well-suited for Retail, Service, Mobile Businesses.
However, SumUp may not be the best fit for High-volume businesses where percentage fees add up.
Who Should Choose Payanywhere?
Payanywhere is ideal for Small businesses wanting fast funding. The system is particularly well-suited for Retail, Service, Mobile.
However, Payanywhere may not be the best fit for Large operations needing advanced POS.
Our Recommendation
Both SumUp and Payanywhere are solid POS solutions, but they excel in different areas. Choose SumUp if you’re Small businesses and mobile sellers. Choose Payanywhere if you’re Small businesses wanting fast funding. SumUp has a higher user rating (4.3 vs 3.9). We recommend trying demos or free trials of both systems before making your final decision.