| Term | Detail |
|---|---|
| Initial term | Month to monthSumUp (opens in a new tab) · Contract or terms · Month to month with the $0 plan (card readers or POS Lite), which is the one that covers card processing: the terms have no term and no closure fee. The optional paid POS plans require 12 months and renew automatically (per NerdWallet). Above $1,000,000 a year in credit card sales, card network rules may require a separate agreement with SumUp's acquiring bank. |
| Automatic renewal | Doesn't renew automaticallySumUp (opens in a new tab) · Contract or terms · Nothing renews on the $0 plan; the paid POS plans' contracts renew automatically (the period isn't published). |
| Notice to avoid renewal | Not needed: it doesn't renew automatically |
| Early termination fee (ETF) | No early termination fee on the $0 plan. On a paid POS plan, SumUp charges no cancellation fee but you pay what's left of the 12-month contract (per NerdWallet, citing SumUp).NerdWallet (opens in a new tab) · Review site · () |
| How the ETF is calculated | The terms don't set an early termination fee. |
| Right to raise prices | SumUp can change its fees and plans at its discretion; revised terms take effect when posted, not retroactively, and if you don't agree you must stop using the service.SumUp (opens in a new tab) · Contract or terms · |
Example: leaving in month 12
With our reference profile (Reference: $30k/month in card sales, $35 average ticket, 90% in person, 1 terminal, 12 months), the estimated early termination fee would be $0. Your contract may differ: use the calculator with your numbers.
This is general information about published contracts, not legal advice: read your own contract and check with a lawyer before you sign.