SumUp and Mastercard to enable vehicle payment solutions for European small businesses

SumUp and Mastercard are enabling payment acceptance solutions for Ford commercial vehicles, thus empowering small business owners to accept rapid and secure payments directly from their vehicles.   

SumUp and Mastercard are announcing their new payment services tailored for Ford commercial vehicles in Germany, France, Italy, Spain and the United Kingdom. „With this new solution, small business owners that typically use commercial vehicles – including food trucks, beverage suppliers, mobile florists and other tradespeople – can accept card payments directly from their vehicles,” according to the press release.

One of the main advantages of this solution is that it gives entrepreneurs the ability to accept payments from their customers immediately, rather than waiting for an invoice to be paid at a later date. This in turn can help them manage their cash flow more optimally, particularly in cases when they need to receive a deposit to buy the materials to start the job or pay their subcontractors.

Another benefit is that it gives these small businesses more choice by enabling them to accept card payments – including contactless – as opposed to cash only. Similarly, customers can have the option to pay by debit or credit card – either contactless or by chip and pin.

###

SumUp is a financial technology company that allows businesses of all sizes to receive payments quickly and simply, both in-store and online. Named as Europe’s fastest-growing company in the ‘Inc. 5000’, SumUp has over 7,000 companies joining the platform every day. With its card terminals relied upon by over three million businesses globally, from hairdressers to artists, from restaurants to taxis, SumUp surpassed an annual revenue of €200 million in 2019.