iZettle is the mobile POS solution your small business has been waiting for
iZettle launched in Stockholm in 2011 and has since taken more than 10 countries around the world by storm. Applying for an iZettle account is as simple as setting up Paypal, although you’ll need a credit check before receiving a payment facility. Just download the app, complete a form with your details, and connect it to your bank account. Easy!
▶ Find out more: iZettle vs. PayPal: battle of the card readers
|iZettle Merchant Services Review||Rating|
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|Reviewed by Expert Market:||11/10/2018|
How much does iZettle’s card reader cost?
You’ll need to fork out an upfront cost of £59 to receive the card reader device itself. The card reader doesn’t support receipt printing. So unless you’re able to email receipts to your customers, you’ll have to buy a receipt printer separately. iZettle also sell these, with prices starting at £199. The charging dock (iZettle Dock) costs an additional £39.
One of the main advantages of iZettle’s product is that there are no monthly fees. And while many payment processing companies charge a fixed fee per transaction, iZettle only charges a percentage of the transaction cost. iZettle charges 1.75% of every transaction. However, if you’re making more than £8,000 a month, you can try negotiate a custom price plan.
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Products and services
iZettle is known as a card reader that plugs into a mobile phone, but behind it is a powerful EPOS suite. This lets you run your whole business from a tablet or smartphone. It’s particularly great value if you’re based in a remote location, such as a market stall.
▶ Find out more:The best mobile card readers for small businesses
|Face to face payments||iZettle smartphone card reader||Card reader device which plugs into the headphone jack of a smartphone or tablet|
|EPOS Suite||iZettle backend||Cloud-based sales suite which tracks your sales and allows for in-depth analysis|
iZettle payment options
iZettle gives you a couple of options for taking payments:
With a card reader
This connects to the your iPad and processes the payment. The customer signs the card reader, which takes a photograph for further authorisation. The fees for this service are 2.75% per transaction.
Without a card reader
If you’re using iZettle and have a merchant account you can start the iZettle app, select the manual payment option, and enter the customer’s mobile phone number. The customer receives a link to a secure website on their phone, which they can follow to authorise the payment.
You’ll then get a message confirming the payment’s been authorised. Of course, the no-card method requires the customer to have a smartphone with 3G access. The fee for these transactions is 0.1p plus 3.5%.
If most of your business is done at trade shows or fairs, the cost of renting a terminal for such a short time simply isn’t feasible. That’s where the iZettle is perfect. Yes, the rates are more expensive than those of a standard payment gateway, but there’s no other fees. Plus, the extremely simple set up process make iZettle a quick and easy option for occasional use. Want more details about merchant account providers in the UK? Simply fill out this form and get quotes from top suppliers today.