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Mobile payments service in EU expands into Spain

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mobile commerce izettleiZettle has announced that it will be expanding into its seventh European nation.

The mobile payments startup out of Sweden called iZettle has released its latest mcommerce news, which has revealed its latest entry into a new country – in this case, Spain – in order to bring its services to small businesses there.

There are now 7 different countries in the E.U. in which these smartphone transactions are accepted.

Among the other nations in which iZettle is providing mobile payments service are Sweden, Germany, and the U.K. In November 2012, it also made significant progress by adding Norway, Finland, and Denmark, as it resolved issues regarding Visa transactions in those countries and was able to settle with the credit card giant in a way that would allow them to proceed.

Now, small businesses in Spain will be able to use the mobile payments platform on their own devices.

According to the company’s most recent news release, they intend to reach out to the small businesses within the country in order to provide them with new ways to accept credit card transactions through mobile payments. They have stated that these owners, who “are hurting” are seeking more affordable ways to accept this purchasing method.

Currently, the mobile payments from iZettle have a basic flat rate fee structure, where 2.75 percent of each transaction is taken by the service. That said, there are no minimum or monthly fees, which can make this option more affordable for small and struggling businesses. It can help those businesses to remain competitive and to give their customers a larger number of ways to pay for the goods and services that they wish to buy.

The iZettle mobile payments that are available in Spain allow small businesses to accept transactions through three of the major credit card companies. These are Visa, MasterCard, and American Express. The devices that are compatible with the service are those based on the Apple iOS and the Google Android operating systems. This includes both smartphones and tablets.

Though iZettle is far from being alone in the European marketplace for mobile payments, it is carving out a niche for itself among the smaller businesses, as opposed to targeting the larger retailers.

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