iZettle comes to the UK, car boot traders look forward to taking your credit card

Ker-ching

The next time you go to a farmers market in the UK expect to be able to pay with a credit card thanks to the launch of iZettle, a new chip and signature payment system being rolled out from today in the UK for small businesses.

The new system run by iZettle, the European equivalent of Square, will come with no monthly fee, but will charge merchants a 2.75 per cent handling charge on every transaction businesses make with the system.

Costing ?20 for the card reader and available exclusively in the new EE stores, the dongle either connects with the 30-pin dock connector on the older iPhones and iPads, or via the headphone jack for new iPhones, iPads, and Android devices. An accompanying app does the rest.

In practice and the system works as stated giving you an almost Apple retail like experience wherever you are.

In a demo of the new technology, Pocket-lint tested it out with a stallholder at the launch event, successfully buying a pair of sunglasses.

Unlike NFC there is no low threshold for contactless payment, although individual transactions are restricted to ?1250. Merchants will also be restricted to taking ?5500 in a single day as well, but as Jacob de Geer, iZettle's CEO, told Pocket-lint, if they are taking more than that they really should be talking to their bank. ?

“The beauty of iZettle is that it’s simple to use, totally secure and takes seconds for a transaction,” said Jacob de Geer, CEO and co-founder of iZettle, which is used by more than 75,000 small businesses and individuals in six countries.? “Whether you are a cabbie, florist, tradesperson or a courier, iZettle gives you the flexibility to operate in both cash and cards. The possibilities are endless because hundreds of thousands of small business can now take plastic. We are very excited about our full commercial launch in the UK and the positive results of our Beta test with 4,000 users over the past six months.”

Once a customer decides what they want to buy, the details are punched into the iZettle app before the customer is asked to insert their card.

Rather than using the Chip and Pin system, iZettle has opted for the equally safe Chip and Signature option. Signature given, and you can have your receipt emailed to you even with a picture of your good so you can quickly remember what the receipt is for.

The process is very simple, and talking to a few of the stallholders at the launch event all seemed very happy with the system tells us that it has also helped them understand their business analytically as well as the app tracks sales and generates sales reports for them even.

The system works with Mastcard, Amex, and Visa.?

Tags: Phones Tablets Apps iPhone apps iPad apps Android apps iZettle

                   

iZettle comes to the UK, car boot traders look forward to taking your credit card originally appeared on http://www.pocket-lint.com on Wed, 07 Nov 2012 09:31:00 +0000

Source : androidtabletblog[dot]com