Can anybody give a review on izettle accepting payments through iphone

[truereddevil]

just wondered what anybody thoughts are on this they are offering a free setup

Be the first in the UK to get access to the iZettle payment*solution
iZettle UK beta usually available by invitation*only
Includes FREE chip-card reader and iZettle app
Great value card*processing solution
Pay per transaction - 2.75% for MasterCard and Diners Club payments (2.95% for American Express)* Visa acceptance: date TBA

Take card payments anytime and anywhere*with iPhone, iPad or iPod Touch
Drastically increase sales with iZettle's affordable and innovative payment solution
Completely secure solution
No set-up fees - absolutely FREE
No merchant account, fixed fees or contract
As featured in the Wall Street Journal and The Times

 

[MBE1]

Should be good when it can take Visa as well.

 

[StevensOnln1]

Seeing as the vast majority of debit cards issued in the UK are Visa Debit, it's not much use until Visa is accepted. Once that sorted, it looks like it could be a fairly good deal for businesses with a low volume of transactions, e.g. tradesmen etc.

 

[truereddevil]

Heres your invites if anybody wants to give it a try

http://www.huddlebuy.co.uk/deals/fi...d-payments-on-the-go-with-your-iphone-or-ipad

 

[crphillips]

I got the same email.

It looks ok. Not as nice card reader as the Mophie card reader.

The rates are mega expensive though at 2.75%. I've been quoted 1.5% from Adelante. iZettle claim that they're better because there are no monthly fees. If you do 400k a year as we do I'd rather take the monthly fees and lower rates any day.

iZettle is in BETA stages in the UK but I don't really see how they're going to test it proeperly without VISA on board. I don't know anyone who uses MasterCard, American Express or Diners Club.

If I could have the Mophie card reader with the iZettle software and Adelantes fees it would be perfect!

 

[Nick Johnson]

Its good if its an user friendly approach...
It should not be complicated for them, and it must accept all type of cards like visa etc...

 

[kindredmildred]

Other than even beta testing without Visa it's more than what most merchant service providers are offering to those who either don't want to get tied into a 2-5 year leasing agreement for the terminal and a minimum £20 payment for the merchant account.

When it does launch fully they won't know what hit 'em.

 

[SuffolkDesigns]

I have used it for 4 test transactions.

It is not chip & pin, you insert card into card reader (or enter the card number if not using card reader) enter amount and then get signature from client on the screen of the iPhone/iPad (using finger or a pen stylus). You can also take a photo of the person making payment and send a receipt to them instantly by e-mail.

The 4 test I made all went through easily and quickly.

Apparently they can't accept Visa yet as Visa want them to use chip & pin, and not a signature.

 

[Talay]

I have used it for 4 test transactions.

It is not chip & pin, you insert card into card reader (or enter the card number if not using card reader) enter amount and then get signature from client on the screen of the iPhone/iPad (using finger or a pen stylus). You can also take a photo of the person making payment and send a receipt to them instantly by e-mail.

The 4 test I made all went through easily and quickly.

Apparently they can't accept Visa yet as Visa want them to use chip & pin, and not a signature.

Not using chip and pin would seem a retrograde step in the fight against security and fraud.

Think about asking your customers to plug their card into a machine which doesn't even ask for the security they have been used to for the last few years ? I think many will simply refuse, I know I would.

 

[crphillips]

It's only intended for window cleaners, milk men, taxi drivers or other businesses that take many small value transactions with low overheads. It's far far far too expensive for companies taking payments of £100 or more at a time with low profit margins.

For example.....we take around 400k per annum. This would mean we'd have paid izettle £11,000.00 per year. If we were with Adelante or similar on a contract it could be as little as £250 assuming all payments were made by debit card. At the most it could cost £6200 if all payments were made by credit card. More than likely less than £1000 as most folk pay with debit cards.

Things are going to change big time in the next year or so with regards to paying via a smartphone so I'm hanging on. There's already more sophisticated systems in use in the US.

It is ideal for a milk man or similar though......which is the type of client they're aiming at