SumUp Cash Advance

A SumUp Cash Advance gives you capital for your business, fast. No bureaucracy, no tedious paperwork and no long waiting times.

When you receive an offer from us, you can accept your Cash Advance in the SumUp app in minutes and receive money in your bank account within 5 business days. There’s just one fixed fee, which will be confirmed in your Cash Advance offer.

Repayments are easy – we’ll simply take a percentage of your daily card sales over the agreed repayment period.

The Cash Advance amount that you’re eligible for depends on your previous card sales with SumUp. We offer merchants an amount that we believe can be comfortably repaid in a specific period, assuming card sales stay at a similar level – with a little buffer to ensure that nobody has to worry about a business hiccup.

As described in the SumUp General Terms and Conditions and the Cash Advance Terms and Conditions, the cash advance can only be used for commercial purposes. For example this could be an investment in new stock, furniture or working capital that is in line with the scope of your business. You must not use the cash advance for any personal, family or household purposes.

If you are eligible for the cash advance follow these simple steps:

1. Login to your Dashboard and select "Cash Advance" 

2. Review and accept the offer and T&C's

3. The advance will be sent to your bank account linked with your SumUp profile within 5 business days

We don’t request a fixed monthly repayment; instead, we automatically deduct a set percentage of your card sales. So whenever you process a payment with your SumUp card reader, we'll take a set percentage until your Cash Advance is paid off.

This means that the total amount you repay depends on your sales – you’ll pay less when your business isn’t so busy and more when it’s booming. You can also make additional payments via credit card or other payment methods, if you prefer. There are no hidden fees for early repayments.

We just require a minimum monthly payment of 1/12 of your total Cash Advance (if its term is 12 months), plus the fixed fee. So if you accept an offer for a £1,000 cash advance with a 15% fee, you’ll need to pay back a total of £1,150 (= £1,000 + £150 fee), and your monthly repayment requirement is £95.83 (= £1,150/12 months). Let’s assume you process £1,000 in sales across a month using your SumUp card reader. We’ll deduct 10% from each of your transactions, so you’ll pay back £100 during this month.

There’s just one fixed fee, which will be explained in your Cash Advance offer. There are no hidden costs, no interest fee, and no charge for any additional or early repayments you make.

You’ll need to pay back the full Cash Advance amount plus the fixed fee within the agreed repayment period as specified in our Terms and Conditions, which begins the day the Cash Advance is transferred to your bank account. Once we’ve transferred the money, we’ll begin deducting the fixed percentage from your SumUp card sales. You’ll need to make a minimum monthly payment that is also shown in your Cash Advance offer.

Yes. If you want to make a one-off repayment to settle your Cash Advance, you can contact our support team via phone or email, and we’ll arrange a flexible repayment for you with no additional fee. You can also make use of the Self Service feature in your Lending dashboard to make a payment.

In short, no. If you're eligible to request a Cash Advance, we’ll get in touch with you directly to review your available amounts and repayment period. Only merchants who are offered a SumUp Cash Advance can request funding. If you haven't been invited to view your funding options, then you're not currently eligible for it, but as we aim to make more and more merchants an offer, that might change soon. Make sure you’re subscribed to our marketing emails and have our app notifications turned on so that you don’t miss your offer.

Just log in to the SumUp Dashboard and click "Cash Advance". Here you can see your transactions, the amount you’ve already paid back, the amount left to pay and when this needs to be paid back by. You can also make additional repayments via your SumUp dashboard.

Your cash advance will be deposited into your preferred account where you receive your SumUp card sales payouts. Please remember to keep any third party bank account you have registered with SumUp updated to avoid issues with your cash advance payout.

We’re here to support you in difficult times. If you’re struggling to make your repayments or think you may struggle in the future then you can get in touch with our Cash Advance experts at [email protected]. You can also call us on 03308 083887 to discuss your repayment options.