iZettle Europe’s answer to Jack Dorsey’s Square mobile credit card payment system. It is now gearing up to launch this summer and has started shipping 3,000 iZettle chip-card readers to selected businesses and individuals across the UK.
The main difference between the iZettle system and Jack Dorsey’s Square system, is that Square, offers a mag-stripe reader, rather down a chip-card reader. The video below shows iZettle in action and how it will provide UK and European businesses with a similar payment service to Square.
“Zettle is for everyone. For you and your friends. Your business and your band. Take payments anytime, anywhere. All you need is an iPhone, iPad or iPod touch and iZettle.”
Earlier this month iZettle it was dropping its fixed €0.15 transaction fee, with users now only paying a 2.75% charge on sales for most major credit cards with the exception of American Express which is now 2.95%.
Source: TNWFiled Under: Technology News