iZettle vs. SumUp vs. PayPal

By | 2017-09-20T10:45:38+00:00 September 19th, 2017|Tags: , , , , , |

It’s now easier than ever to accept credit and debit cards in the UK. Forget costly card machines. You can get a Chip & PIN card device – a contactless one, even – that’s able to process payments with a smartphone or tablet, via the use of a free and easy-to-use app.

In 2017, the race between the most popular mobile card readers in the UK is hair-splittingly close. For low-volume merchants, SumUp, which merged with Payleven last year, offers an attractive flat rate. Meanwhile, iZettle just lowered their rate to the most competitive in the market. Its device also accept the broadest range of credit card brands. PayPal Here offers a decent product, but with significantly higher fees.

iZettleSumUpPayPal Here
iZettleSumUpPayPal Here

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Solution typeWireless Chip & PIN reader, contactless + mobile appWireless Chip & PIN reader, contactless + mobile appWireless Chip & PIN reader, contactless + mobile app
Device list price£59 £25 + VAT (link to offer)£59 £19 + VAT (link to offer)£62.50 + VAT
Debit/credit card transaction cost1.75%1.95%Chip 1.50-2.75% depending on volume. Swipe 3.40% + 20p
Monthly feeNoneNoneNone
Minimum revenue requirementNoneNoneNone
Confirmation methodsPIN, contactless tap and swipePIN, contactless tap and swipePIN, contactless tap and swipe
Supported cardsVisaVisa ElectronV PayMasterCardMaestroAmerican Express

Diners ClubJCB
VisaVisa ElectronV PayMasterCardMaestro American ExpressVisaVisa ElectronV PayMasterCardMaestroAmerican Express
Transaction limitsMinimum £1, maximum £200,000/day for business account, and £5,000 per card and transaction. £100 daily for transactions using the magnetic stripe.Minimum £1, maximum limit varies individually.Minimum £1.
Other payment methodsPay by invoice (app and email) at 2.50%Virtual terminal and sms payments (special conditions apply) at 2.95% + £0.25)Online, pay by email link, virtual terminal - rate varies
ConnectionBluetooth to smartphone/tablet with 3G/4G/WiFiBluetooth to smartphone/tablet with 3G/4G/WiFiBluetooth to smartphone/tablet with 3G/4G/WiFi
Printer supportSupports several printers and AirPrintStar Micronics TSP-100 and Bixolon SPP-R200IIStar Micronics SM-L200, Star SM-S230i. Additional options for iOS.
Staff accountsYes, can define information access and authoritiesYesYes
Product libraryYesYesYes
Operating systems
Settlement delay3 business days in most cases3 business days in most casesStraight to PayPal account. Transfer to bank account depends on reserves.
ReceiptsPrint, sms or emailPrint, sms or emailPrint or email
Tips/gratuitiesNo (yes with upgrade to Intelligentpos for iZettle)NoNo (disabled in latest version of app)
Transaction overviewGreat statistics and business analytics both in app and on iZettle websiteIn app and on account area on the web.In app and on account area on the web.
Use abroadNoCan be activated if customer service is informed in advance.Can be activated if customer service is informed in advance.
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All three systems share characteristics that make them very attractive to small merchants. Initial set up costs are very low, there are no fixed monthly rental fees and no required transaction volumes. SumUp Air, iZettle Reader and PayPal Here are therefore both suitable for infrequent use, as well as for processing multiple transactions daily, as a main POS solution.

iZettle currently accepts the most payment cards. It used to offer an incentivized transaction rate scheme, but has opted for a fixed percentage. It now offers the best fee structure in the UK at 1.75%, beating SumUp by 0.2 percentage points. The iZettle app also tends to be ahead of the game, with slightly more features than the competition.

For more information on these mobile POS systems, read our comprehensive individual reviews: PayPal, iZettle and SumUp.