The SumUp Lite Payment Card Reader Works with Debit and Credit
Michael Hemsworth — September 18, 2020 — Tech
The SumUp Lite payment card reader is a flexible solution for small business owners that will help to seamlessly make transactions without the need for larger POS systems. The compact device works by being set up via the accompanying smartphone app and will go to work providing users with a way to start making transactions in just five minutes or less. The unit has a built-in battery pack that is rated for up to 300 transactions before needing to be recharged to make it perfect for on the fly payments.
The SumUp Lite payment card reader doesn't come with any fixed costs or contracts for merchants to deal with and simply requires them to pay 2.75% of the transaction they make as a fee.
The SumUp Lite payment card reader doesn't come with any fixed costs or contracts for merchants to deal with and simply requires them to pay 2.75% of the transaction they make as a fee.
Trend Themes
1. Mini Payment Terminals - The trend towards mini payment terminals provides opportunities for businesses to offer more flexible and convenient payment options for their customers.
2. Contactless Transactions - The growing demand for contactless transactions is a trend that businesses can take advantage of by offering payment solutions that cater to this preference.
3. Mobile POS Systems - The rise of mobile POS systems like the SumUp Lite presents opportunities for businesses to streamline their payment processes and take transactions on-the-go.
Industry Implications
1. Retail - The retail industry can leverage mini payment terminals and contactless transactions to provide customers with a seamless shopping experience.
2. Hospitality - The hospitality industry can benefit from the convenience and flexibility of mobile POS systems like the SumUp Lite to take payments in various on-site locations.
3. Food and Beverage - The food and beverage industry can use mini payment terminals and contactless transactions to speed up transactions and reduce wait times for customers.
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