Quick verdict
Both are pay-as-you-go readers with no monthly fee. SumUp is the simplest, cheapest start; myPOS adds instant access to funds via a built-in business account, handy for cash flow and international payments.
Side by side
 SumUp4.4 |  myPOS4.0 | |
|---|---|---|
| Monthly fee | £0 | £0 on entry plans |
| Transaction fee | from 0.99% (Payments Plus) / 1.69% standard | Card-present from 1.10% + 7p (lower-turnover tier) |
| Card reader from | £19 + VAT | £19+ (device dependent) |
| Contract | No contract (pay-as-you-go) | No fixed contract on standard plans |
| Payout speed | 1–2 working days (next-day option) | Instant settlement to myPOS account |
| No monthly fee | ||
| No contract option | ||
| Restaurant features | ||
| Inventory | ||
| Online payments | ||
| Tap to Pay | ||
| Fast payouts |
Choose SumUp if…
Choose SumUp if you want the cheapest, simplest reader, the widest hardware range and a low entry rate (from 0.99% on Payments Plus). Ideal for market stalls, tradespeople and quieter sellers.
Choose myPOS if…
Choose myPOS if instant settlement matters - your takings land in a myPOS business account immediately - or you take international and European payments. Useful for mobile traders who need funds straight away.
Best for different businesses
| Business | Winner | Why |
|---|---|---|
| Market stall / mobile | SumUp | Cheap, simple, widest reader range. |
| Instant access to funds | myPOS | Money settles immediately to your account. |
| Lowest entry rate | SumUp | Payments Plus from 0.99%. |
| International payments | myPOS | Strong for European and multi-currency. |
FAQs
Is myPOS or SumUp better for getting paid quickly?
myPOS settles funds instantly to its built-in business account, whereas SumUp's standard payout is 1-2 working days. If same-moment access matters, myPOS leads.
Which is cheaper, SumUp or myPOS?
Both have no monthly fee on entry plans. SumUp starts from 0.99% (Payments Plus) or 1.69% standard; myPOS card-present starts around 1.10% + 7p on lower tiers. The cheapest depends on volume - check current terms.