iZettle, the European answer to Square, today announced the end of its test phase and the start of commercial availability in Sweden. The free app and chip-card reader of the Stockholm based startup lets anyone take payments anytime, anywhere using their iPad, iPhone or iPod touch. iZettle has raised €8.2 million ($11.2 million) in venture funding last month to change the way people handle business transactions.
Jacob de Geer (CEO and co-founder, iZettle) stated in relation to the official launch: “We’re very satisfied with results so far and look forward to adding new card networks to the iZettle offering and expanding throughout major European markets early next year”.
Mats Taraldsson (Head of Market Development, MasterCard Nordic & Baltic region) said: “We are proud that iZettle continues to build on MasterCard’s expertise – and as they now initiate their commercial launch across Europe we think it’s great news that millions of merchants for the first time will be able to take card payments”.
The completion of iZettle’s test coincides with the release of a new version of its iPad application for businesses that need to process multi-product sales in a single transaction. Soon available in Apple’s App Store, iZettle’s new iPad app makes it possible to create custom menus of products much like on expensive touch-screen POS systems in retail establishments around the world. The demand for iZettle’s card readers has exceeded all expectations but the company now guarantees that all registered users will have their card reader before Christmas.
Find out more about this promising European provider of Mobile card payments and check out their latest promotional video: