That's correct! One of the key advantages of using SumUp's payment processing services, including the SumUp Air card reader, is the absence of monthly fees and contractual commitments. SumUp operates on a pay-as-you-go pricing model, which means that merchants are not bound by any long-term contracts and are not required to pay monthly fees for using the service.

Instead, merchants are charged a small transaction fee for each successful card payment they process through the Sumup solo card reader. The transaction fee is usually a fixed percentage of the transaction amount, and it varies depending on factors such as the type of card used (credit or debit) and the region where the transaction takes place.

This pay-as-you-go approach is particularly beneficial for small and micro-businesses, as they only pay fees when they make sales and accept card payments. It eliminates the burden of fixed monthly costs, making it a flexible and cost-effective solution for businesses that may have varying transaction volumes.

By offering a transparent and straightforward pricing model, SumUp aims to make card payments accessible and affordable for businesses of all sizes, including those that may have been hesitant to accept card payments in the past due to concerns about high fees or long-term commitments.

As with any financial service, it's essential for merchants to review and understand the specific pricing details and transaction fees associated with using SumUp's services. This information is typically available on their official website or can be obtained by contacting their customer support.