
Cashless mini chip-card reader iZettle had its official launch in the UK this week, partnering with EE’s 297 stores.
The new iZettle device and free app could help small businesses’ cash flow: currently Britain’s plumbers, electricians and builders are owed up to £283m by late or non-paying customers. iZettle could help tackle this, offering tradesmen – and everyone else – the option to charge customers by card, which would be the preferred option to pay for eight in ten consumers.What is iZettle?
The iZettle card terminal costs £20 in EE stores, but comes with a £20 voucher that can be used towards iZettle transaction fees. The mobile payments and card readers can be used with both Apple and Android products, including the Apple iPad and Samsung Galaxy range. iZettle merchants can accept Visa, MasterCard, American Express and Diners Club payments and there are no lengthy sign-up processes, no set-up fees, no monthly fees and no minimum spend. iZettle does take a 2.75 per cent cut of each payment, however.How can iZettle help?
Accepting card payments can boost revenue and cash flow, but the costs of accepting costs have historically deterred 45 per cent of small firms from doing so. Research by iZettle shows that 71 per cent claim they would accept credit or debit cards if there was a low cost, low hassle way of doing so, which is what iZettle hopes to offer.Share this story