How does it work?
If available to you, you can deposit cash into your Business Account by generating a barcode from the SumUp app when adding funds to your balance and presenting it to a cashier at any participating stores.
You can deposit up to:
£500 per deposit (£20 minimum)
£12.000 per month
£52.000 per year
Deposits are accepted in pounds within the United Kingdom only.
What does it cost?
For each deposit you'll make, a fixed fee will be deducted from the total amount of your deposit before funds reach your Business Account:
Free Business Account: 2.5%
Business Account Plus: 2%
The amount that'll be charged to you is calculated and displayed when generating the barcode for your deposit.
Where can I deposit money?
To find nearby participating stores, tap "Where can I drop my cash off?" when reviewing the cash deposit instructions and terms in the SumUp app.
Make a cash deposit
On your SumUp app, tap "Business Account" on the home screen.
Tap "Add money" then choose "Cash deposit".
Review the instructions and terms of cash deposits then hit "Agree & continue".
Enter the amount you'd like to deposit, review the amount you'll receive after fees, and tap "Next".
Confirm the deposit from your trusted device using your 5-digit PIN or biometric authentication to generate your barcode.
Present the barcode to a participating store cashier. To find nearby locations, tap "Where can I drop my cash off?".
A receipt will be handed over to you, which you should keep as proof of your deposit.
Your funds will be available in your Business Account within 10 minutes after depositing.
Barcodes remain valid for an hour after being generated and can be found in the "Upcoming payments" section of the Business Account overview page in the SumUp app.
If you made a mistake or want to cancel a cash deposit, tap "Cancel" on the barcode screen.