Worldpay vs iZettle Pay & Go

[Bubblecraft]

Well, as I've mentioned, iZettle have now launched a new chip & pin card reader yesterday as well as their existing chip & sign reader.

iZettle Chip & Pin Reader:
http://youtu.be/Wsec9D2lbWg

Worldpay Chip & Pin Reader:
http://youtu.be/2SS9mrdE5sk

They both have there pro's & cons so thought I'd put them all up here for anyone thinking of going down the route of easy card payments. Both have no rental fees & can be registered with a personal bank account, even for a business. Both require credit checks for a business account. iZettle also has a personal account that is checked by your Facebook page & doesn't do a credit check.

I decided to get both readers while they were on offer.

Worldpay:

Cards Accepted: Visa, MasterCard & Maestro only.
Amounts accepted: Up to £25k per year capped. Upgrade after.
Amounts per card/transaction: £5k Default (Can be raised after account review).
Cleared: In bank account within 4 banking days.
Charge: 2.95% Credit, 75p Debit
Cost of unit: £59.99 (Introductory offer of £29.99 has finished)

iZettle: (Business)

Cards Accepted: Visa, MasterCard, Maestro, V Pay & Electron (Diners accepted via chip & sign reader)
Amounts accepted: Up to £25k per day! No cap.
Amounts per card/transaction: £10k per card & transaction.
Cleared: In bank account within 7 banking days.
Charge: 2.75% for all supported cards.
Cost of unit: £58.80 (Introductory offer. No date when it will end)

Also available is the Chip & Sign reader for both Business & Personal account. Figures above does not relate to the chip & sign reader. Please see https://www.izettle.com/gb for more info.

iZettle Chip & Sign Reader:
http://youtu.be/ygW_nm9if20

 

[Bubblecraft]

Thought I'd update this thread & show you peeps the devices available.

Left: iZettle Chip & Sign
Middle: iZettle Chip & Pin
Right: Worldpay Chip & Pin

IZettle chip & pin pairs up first time without the need of terminal id's & pass codes etc like Worldpay but once paired up, they are both just as good. Very quick payment. Payment done & dusted within 30 seconds

 

[DHTiling]

Just been looking at the izettle vids ... looks a good product ... might look into this..

 

[Bubblecraft]

It is a fantastic product. I highly recommend it to any small business.

I even signed my plasterer up to it today. Took 5 min. Just needs to verify his bank account & he's sorted.

The chip & pin device is not assigned to an account so can be used by anyone with the app. I'm happy to lend mine out to my plasterer if he ever wants to take a card payment.

WorldPay is a bit stricter and can only be used by that merchant account

 

[DHTiling]

So does a customer have to have the APP or just me.. ? just been on the Izettle website but no info on how it is set up for customers..

 

[Bubblecraft]

Give me a call on the house phone. I've no signal on my mob Dave. I'll explain it in more detail. Either that or give me a call on my mobile tomorrow.

 

[Bubblecraft]

For the chip & pin one, customer needs nothing more than their card & pin. Just like anywhere else you would use your card.

With iZettle, You take your payment. 4 days later you will get an email like this showing the amount, minus the 2.75% of the transaction.

2-3 banking days later, it's in your account

 

[DHTiling]

So who get's charged the 2.75% , me or customer.. ?

 

[Bubblecraft]

That's up to you Dave. I take the hit on it. If you think about it, it's £27.50 for every £1k. With a cheque, you need time away from a job to put it in the bank, parking, fuel costs & hope it doesn't bounce. I think that's worth the fee plus I've noticed my customers are getting more work done as they can put it on their credit card & pay up where you get fully paid & move on to your next job.

 

[DHTiling]

Thanks Gus, looks like a no brainer then ...

I take it , all you do is register ones said bank with it and bingo

 

[Bubblecraft]

Indeed mate. Takes 5 mins to set up on your phone or tablet. Deposit £1 into iZettles account to verify your nominated bank account & in a few days, once they've checked it, your ready to take payments.