The latest addition to the company’s availability is in Spain, raising its number of E.U. countries to seven.
The increasingly popular mobile payments startup from Sweden, iZettle, has just announced that it is taking its first steps into Spain, which has boosted its availability in the European Union to include seven different countries.
The service provides small businesses with a way to receive credit card transactions over smartphones.
The company is already offering mobile payments options to small businesses in the United Kingdom, Sweden, and Germany. It has also brought Visa transactions to Finland, Norway, and Denmark as of November 2012. They were able to accomplish this goal following the settlement of an issue between the two companies that had been outstanding.
The mobile payments will be expanding to Spain with an eye on small and struggling businesses.
The expansion into Spain is meant to provide small business owners who “are hurting” with new mobile payments options, said an mcommerce news release by the company. At the moment, there is no subscription fee for the company’s services and there is no minimum monthly fee. Instead, it charges a flat 2.75 percent per transaction.
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The service works for either Android or iOS devices, and the mobile payments are compatible with all of the major credit cards including Amex, Visa, and MasterCard. This places iZettle in direct competition with a number of other companies that are offering comparable services within the European small business marketplace.
For example, there is a German startup called Payleven that is providing mobile payments services for Germany, Spain, Poland, Italy, the Netherlands, and the United Kingdom. Another example is Elavon, which is also headquartered in Europe and has just recently expanded into Ireland as of October, after being active exclusively in the United Kingdom until then.
Among the most recent mobile payments companies to make its way into the European marketplace is a company from Holland called Adyen. It is similar to iZettle in that it functions on both iOS and Android, but it is designed for large retailers so that they can make a point of sale in any location that there is an employee, in order to reduce lineups at the checkout counters.