Customers can make payments with an American Express credit card using either the traditional EMV method or SumUp’s new mobile payment method, SumUp Pay, that it demoed at FinovateEurope last week.
American Express payments are approved in the following markets:
Negotiations to accept American Express are still ongoing in Belgium and Portugal, the other two countries in which SumUp operates.
Unlike most merchants who accept American Express credit cards, those who use SumUp will not be faced with a premium fee. Instead, they will pay SumUp’s regular 2.75% per transaction fee.
In its press release, SumUp claims it will accept more types of cards in more regions than any other mobile point-of-sale technology provider worldwide.
SumUp’s demo video from FinovateEurope 2013 in London will be posted soon at finovate.com/archives.html.