SumUp Limited

E-money or payment institution · Dublin, Ireland

SumUp Limited is an Irish company, incorporated in Dublin in 2011, that became the SumUp Group's Central Bank of Ireland-authorised electronic money institution on 27 October 2020. It is the entity behind SumUp's EEA-passported card readers and free business account with a euro IBAN, aimed at small merchants taking card payments in person and online. It sits alongside separate SumUp entities that hold their own licences elsewhere, including SumUp Payments Limited (UK, FCA) and group entities in Lithuania and Luxembourg, so this specific Irish licence covers the EEA leg of the business rather than the UK or markets outside Europe.

Legal name: SumUp Limited
Regulated by: Central Bank of Ireland (firm reference C195030)
Licence confirmed: yes, on a regulator's own list
Established: 2011
Website: www.sumup.com/en-ie/

Scores, 0 to 10

8.0Lowest fees

No monthly, annual, opening, sending, receiving or Direct Debit fees on the business account; card transaction fee is 1.69% Pay-as-you-Go for in-person payments. · source

8.0Fast digital onboarding

Business account signup is free and online with IBAN details available immediately, ahead of the physical card arriving. · source

8.0Customer satisfaction

Trustpilot TrustScore for sumup.com is 4.2 out of 5 from 56,311 reviews, with 68% five-star ratings. · source

6.5Europe (EU, EEA, Switzerland)

SumUp Limited holds a Central Bank of Ireland EMI licence (C195030) that is EEA-passported, offering a free euro IBAN business account, but with no multi-currency or cash-pooling features published. · source

5.5Business cards (Visa, Mastercard)

A free physical and virtual SumUp Mastercard comes with the business account, with 3 free ATM withdrawals a month across the eurozone; no separate credit card programme is offered. · source

4.5Financial strength & stability

Unrated as a standalone entity; SumUp Limited is one EEA-licensed subsidiary of privately held SumUp Group and does not publish its own capital or balance sheet figures. · source

4.0Online businesses: e-commerce and SaaS

SumUp offers online payment links and invoicing at 2.90% + 0.15 (group-level pricing), alongside its core in-person card reader business, though it is not a full acquiring platform for large marketplaces. SumUp Limited's products centre on card readers and a payments-focused business account, not API access, accounting integrations or recurring-revenue financing. · source

4.0Foreign-owned & non-resident companies

SumUp's Irish business account page is aimed at Irish-registered businesses and does not describe a published path for non-resident-owned companies to open remotely. · source

3.5Startups & VC-backed companies

SumUp targets small and micro merchants generally rather than offering a dedicated startup or venture programme. · source

3.5High-risk verticals (iGaming, cannabis, adult, forex)

No published list of accepted or prohibited high-risk verticals for SumUp's Irish entity was found; the business account is marketed to everyday retail and hospitality merchants. · source

3.0Best interest on business balances

No interest on business account balances is published for the Irish entity. · source

2.5Fintech companies that need a partner bank

SumUp Limited's Central Bank of Ireland authorisation covers its own e-money and payment services; no safeguarding-account or agency-banking product for other EMIs or PIs was found. · source

2.0Cross-border payments, FX and multi-currency accounts

The Irish account issues a single euro IBAN with no published multi-currency holding or FX conversion product for this entity. Single-currency euro IBAN with no cash pooling, hedging or multi-country account structure described for this entity. · source

1.5Crypto-friendly bank

SumUp's Irish business account and card reader products are built around card acceptance and e-money; no crypto exchange or VASP onboarding is mentioned on its business account page. · source

1.0Trade, manufacturing & import-export

No letters of credit, guarantees or trade finance products are offered under SumUp Limited's e-money and payment services licence. · source

1.0Crypto wallet and custody for a business

SumUp's Irish business account offers a euro IBAN, transfers and a business Mastercard, with no crypto holding of any kind, checked September 2026. · source

1.0Accept crypto payments

SumUp's Irish card readers and Tap to Pay take contactless, card and wallet payments only, with no crypto or stablecoin acceptance, and its US restricted-business list bars merchants transacting virtual currency, checked September 2026. · source

1.0Bitcoin

SumUp offers no bitcoin buying, holding or transfer on its business account, checked September 2026. · source

1.0Ethereum

SumUp offers no ether or token service on its business account, checked September 2026. · source

1.0Stablecoins (USDC, USDT and others)

SumUp offers no stablecoin holding, payouts or conversion to merchants, checked September 2026. · source

Sources

Built on public information and the BankStore team's own aggregated experience; no confidential client or partner data. Bank Index and BankStore are not banks. This is information, not financial advice.