What's a contactless payment terminal and what can I use it for?

Belgium obliges all business owners to offer electronic payment to their customers as of 1 July 2022. With PIN devices, you can prevent fraud and there's less cash out on the streets. Customers still have the option to pay with cash, so they don't have to pay electronically. SumUp is a low-key solution for a portable PIN device.

A contactless PIN device is a payment system you can use to accept and process payments by card. This is convenient when you have your own business at home or when you work on variable locations. It allows customers to pay not only in cash, but also with a debit card or credit card. A contactless PIN device brand like SumUp will accept any debit card or credit card. Think of Visa, VPAY, Maestro, and American Express. Paying using Android Pay or Apple Pay is possible too. Contactless payment is possible using the magnet strip, or by sliding the card into the device. The amount paid will then be added to your bank account within 2 to 3 working days.

A contactless PIN device comes in handy for small and medium-sized businesses with a Chamber of Commerce number. It's also useful when you're on the go a lot or when you visit customers at their homes. On top of that, it ensures you won't have to carry large amounts of cash. This also makes it a lot safer, of course. Another advantage of a contactless PIN device is its compact size. This allows you to carry it in your pocket without a problem. You won't need to worry about an empty battery with SumUp either, since it will last for at least 500 transactions. You can easily charge the SumUp using the included micro USB cable.

In order to use a contactless PIN device, you should first download the accompanying app. Next, create an account and connect the PIN device to your smartphone or tablet via Bluetooth. SumUp works with both iOS and Android, which means it can be used on pretty much any device. Does a customer want to pay? Enter the amount using the app. After this, the payment may be made using the SumUp PIN device. The payment will be registered, and the app will also give you the option of sending a proof of payment to your customer's email address.

When you buy a contactless PIN device by SumUp, you'll pay procurement costs for the product. You don't have to pay any installation costs and there isn't a fixed, monthly rate for service costs for example. Instead of this, you'll pay SumUp a percentage per transaction. This is 1.69% per transaction. Aren't you using the SumUp for a while, because your on a vacation for example? You won't have to pay for anything.