iZettle or PayPal: A comparison
iZettle and PayPal enable easy and secure mobile payments. Basically, it depends on the application areas which provider is the better for you. We present the advantages and disadvantages of the two mobile payment providers.
Advantages of mobile payment
Well-known providers such as PayPal and iZettle are considered secure.
- You can transfer and receive money quickly and easily.
- The hurdles to get started are low. So you can also use the services as a small dealer.
- Mobile payment is ideal for small amounts.
Disadvantages of mobile payment
There are numerous providers. This makes it difficult to offer the preferred payment method for all customers. Above all, you should consider the following risks:
- Sensitive data falls into the hands of third parties.
- If you use the NFC function of your cell phone or your EC or credit card, this poses a security risk. For small amounts of money, simply contacting a reader is sufficient to complete a transaction.
- This provides fraudsters with a gateway to make unauthorized transfers. With a smartphone, it is recommended to switch off the NFC function when you do not need it.
- Transactions are also associated with costs.
Mobile payment with iZettle - how it works
With iZettle it is possible for you as a merchant to accept card payments. It is therefore ideal for everyone who occasionally offers card payment, for example if you use advertisements to sell items that you no longer need.
- Simply insert a reader into the headphone output of your tablet or smartphone.
- If you do not use the device, there are no ongoing charges.
- The purchase of the EC terminal is associated with one-off costs. Thereafter, fees apply depending on the value of a transaction.
The pros and cons of iZettle
You can use iZettle mobile and therefore anywhere that there is a connection to the Internet or mobile data network.
- Once you have registered for the service, setting up on site is no longer a big deal.
- It is practical that you can manage your products in the appropriate app for your smartphone or tablet. It is thus possible to prepare a payment process with just a few clicks.
- However, customer support is a major shortcoming - at least if you use the free service.
- The employees of the service are only available to a limited extent, for example not at all on weekends.
- As a buyer, there is the disadvantage that they hand over the data of your credit or debit card.
Pay with PayPal on the Internet
PayPal is a mobile payment provider with which you could originally only transfer money on the Internet. This enabled payments to be made quickly when shopping online. This is still possible today, but the business area has expanded extremely.
- You can now also pay with PayPal in some supermarkets.
- With the right reader - it must be NFC-enabled - you can use PayPal just as flexibly and flexibly as iZettle.
- There are also fees for using PayPal.
The advantages and disadvantages of PayPal
Paypal offers the advantage that no account data is exchanged during the transaction.
- Funds are only transferred between the two PayPal accounts. This is done immediately after graduation.
- Only then will PayPal withdraw the money from the account of the person who initiated the transfer.
- A payment from the virtual PayPal account to the regular bank account must be arranged separately.
- PayPal also offers certain legal protection for its customers.
Conclusion:
Originally they were independent providers, but PayPal has now taken over iZettle. However, both will continue to operate under their own names.
- PayPal is the service with the more extensive functions.
- It can also be used without additional hardware.
To keep an overview of your transactions, you should download your account statements from Pay Pal. We will show you how this works in our next practical tip.