myPOS vs SumUp: which should you choose?
myPOS's headline rate looks lower than SumUp's — but a small fixed fee per transaction and a withdrawal charge mean the actual cheaper option depends entirely on your typical sale size.
Quick verdict
Neither wins outright. myPOS is cheaper for higher-ticket sales and useful if you need multi-currency or built-in 3G/4G connectivity. SumUp is cheaper for frequent, low-ticket sales once you account for myPOS's fixed 7p-per-transaction fee, and it pays directly to your bank with no withdrawal charge.
Who should choose myPOS
Businesses with higher average sale values, or those needing multi-currency support and a reader that works without pairing to a phone (built-in 3G/4G).
Who should choose SumUp
Businesses with frequent, lower-value sales, or anyone who wants payouts landing directly in their bank account with no separate withdrawal fee.
Why average sale size decides the winner
myPOS charges 1.10% + 7p per transaction; SumUp charges a flat 1.69% with no fixed fee. The 7p adds up fast at high transaction counts.
| High-ticket example: £5,000/month, £100 avg sale (50 txns) — myPOS | £58.50/month |
| Same volume — SumUp | £84.50/month |
| Low-ticket example: £2,000/month, £8 avg sale (250 txns) — myPOS | £39.50/month |
| Same volume — SumUp | £33.80/month |
myPOS wins clearly at higher average sale values; SumUp overtakes it once sales are frequent and low-ticket (see our market stalls comparison for the same insight applied to that specific use case).
Terminal cost
myPOS
Go 2 £29, Ultra £229, Flex+dock £69 (all ex VAT). The Go 2 has built-in 3G/4G, so it doesn't need to be paired to your phone.
SumUp
Solo Lite £25, Solo £79, Terminal £135 (all +VAT). Bluetooth-paired to your phone — no built-in SIM option.
Getting your money — read the small print
myPOS
Instant to your myPOS e-money account — but a flat £1.50 fee applies every time you move money from there to your actual UK bank account.
SumUp
By 7am the next day, including weekends, straight to your linked bank account — no separate withdrawal step or fee.
What you're signing up to
myPOS
No contract on the standard tier.
SumUp
No contract on the standard PAYG tier.
Which fits your business?
Tradesperson, higher invoice values
myPOS — see our tradespeople comparison for the full breakdown.
Market stall, many small sales
SumUp — the fixed fee works against myPOS here.
Trading internationally / need a SIM-based reader
myPOS — multi-currency support and no phone pairing needed.
Final recommendation
Do the maths on your own typical sale size before choosing — this is one of the clearest examples on this site of a "cheaper-looking rate" not always being the cheaper option in practice. If your average sale is comfortably above £30-£40, myPOS likely wins; below that, SumUp likely wins, and its lack of a withdrawal fee simplifies your accounting either way.
Frequently asked questions
Is myPOS or SumUp cheaper?
Depends on average sale size — myPOS wins on higher-ticket sales, SumUp wins on frequent low-ticket sales once myPOS's 7p fixed fee is factored in.
Does myPOS pay out faster?
Instantly to its own account, but moving funds to your bank costs £1.50 per transfer. SumUp pays your bank directly by 7am next day at no extra cost.
Not sure which reader fits your average sale size?
See our full card reader comparison with a live cost calculator.
Methodology: Figures pulled directly from mypos.com and sumup.com official UK pricing pages on 30 July 2026. See our Editorial Policy.