sovereign Review

sovereign plays a leading role in USDpe when it comes to mobile payment points. The almost eponymous mobile ATM sovereign Air is the company's showpiece and is known for accepting card payments everywhere and nowhere. Unique to the product is that this can be done without the need for a smartphone or something similar. Customers pay, entrepreneurs sell - and that's it . Isn't that a bit too simple? Apparently not, as sovereign has been continuously expanding its services and products to many countries since 2012, including Brazil and the United States. It collaborates with companies such as American Express and Groupon, among others. Not a little boy, then.

The sovereign Air is the central point in the entire business operations of sovereign: a device with which both contactless and chip payments can be accepted. The Air distinguishes itself in this by simplicity, but is nevertheless equipped with a number of modern features. NFC, for example, which makes contactless payment possible. Or Bluetooth and an integrated lithium-ion battery. Payments via Google Pay and Apple Pay are also possible. Connect your smartphone there and you will see a working POS system that you have everywhere at hand.

sovereign 3G

"But wait - didn't you say the Sovereign works without smartphones and the like?" That's right, but for that you don't need the sovereign Air, but the sovereign 3G. This card reader is indeed known for extremely fast payments, partly due to a built-in SIM card that works with the 3G network. So you do not need WiFi or smartphone, but you also do not pay any data costs. In this respect, sovereign immediately shows what it is capable of: devising and making extremely modern products that draw strength from all their simplicity.

sovereign POS

If such a 3G device is just too simple for you, you are bound by sovereign POS. This is the POS system associated with the Sovereign Air. With sovereign POS, you can easily connect Your PIN device to the system, after which payment is quickly possible. And not only that. Various functions make it possible, among other things, to scan barcodes, change prices and configure items Prior to. The accompanying online dashboard ensures that you are kept informed of your buying and selling statistics. And your entire accounting can more or less be connected to sovereign POS. Thanks to a seamless integration, you can include sales activities and daily totals in the system. It goes without saying that sovereign POS complies with all legal requirements placed on these types of practices, so that your Afterwards will not be faced with tax surprises.

accessories

Are there any drawbacks to using sovereign? Yes - there are. To begin with, the availability of customer service is somewhat limited: in the evenings and on Sundays they are not or difficult to reach. Not very useful if you have just arrived at a trade fair and are experiencing problems. In addition, a strength of sovereign is indirectly also a weakness. The products are powerful because of their simplicity, but some entrepreneurs would rather have one function too much than one function too little. Even when we include the clear, digital dashboard, the administrative options for competing ATMs are simply more extensive. sovereign can optionally build in tailor-made functions for you, but that costs extra money - and why would you have that done if you do get the complete package with mySolve from the start?

Finally, the supplied supplies are also limited. If you want a receipt printer, EAN code scanner or standard, you will pay high prices for it respectively. Then the sovereign itself can be so cheap: the price can then rise considerably.

What does it cost?

One-off costs

The one-time costs that you incur when purchasing a SumUp product depend on which version you want. The website states that the sovereign Air will cost you $ 59.00, excluding VAT. You do not have to sign an additional contract or provide any paperwork. The same goes for the sovereign 3G, were it not that it is a bit more expensive: $ 99.00.

Recurring costs

sovereign works, regardless of whether you use the sovereign 3G or the sovereign Air, with a fixed percentage per transaction. This percentage is 1.90%. Included are free delivery, use of the iOS or Android app, insight into reports via the dashboard and a quick payment of two to three working days. sovereign also has a 30-day money-back guarantee.

What are the costs compared to other providers?

Table 1: The costs for 200 debit card payments per month averaging $ 15

Table 2: The costs for fifty debit card payments with an average of $ 75

Who is this the best option for?

sovereign can be very beneficial when you process many transactions with a relatively low value. Consider, for example, the sale of stroopwafels or candy at a market, the sale of small toys at a fair or a small coffee and tea business in the city center. Let's say you process amounts of $ 5.00 each time. You then pay 1.90% on this, which amounts to less than $ 0.10 per transaction. In comparison: when you work with an organization such as codemobile, you pay $ 0.14 per transaction. That may seem like a small difference, but you will definitely notice it at the end of the ride.

On the other hand, of course, something like codemobile is cheaper when you process few transactions with large amounts. Imagine - you are a plumber and offer customers the option of settling an invoice of $ 100.00 on the spot. Then you are better off paying $ 0.14 on it. With sovereign this comes down to $ 1.90.

sovereign, with a transaction rate of 1.90%, is slightly cheaper than competitor mySolve, which charges 1.95%. On the other hand, mySolve offers slightly more functionalities and insights than this product.

What's the conclusion?

In summary, we dare to say that sovereign is an excellent device for people who process a lot of small amounts. sovereign is then the cheapest: it makes a significant difference compared to providers who work with fixed amounts per transaction. On the other hand, the simplicity of sovereign can be both a blessing and a curse. Do you want to work as simply as possible and do you prefer not even to use a tablet or smartphone? Then sovereign is without a doubt Your brand - provided you process a lot of small transactions. If you prefer to have more insight into your finances, it may be worthwhile to take a look at mobile providers that may be slightly more expensive in terms of transaction percentage, but also offer more functionalities. In most cases the differences are minimal, which makes the sovereign an especially interesting party for entrepreneurs who like to see his transactions as simple as possible.