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iZettle Card Reader Payments

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VaioRefurbs
New Community Member
Posted on

Anyone using the iZettle card reader can tell me if it works for taking card payments over the phone or is it just in person?

1 REPLY 1

iZettle Card Reader Payments

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TheBridgeSuite
Contributor

It would appear to be possible but with higher fees and the greater likelihood of funds being held on reserve for 30 days to prevent chargebacks...

 

https://www.paypal.com/uk/smarthelp/article/what-are--paypal-here%E2%84%A2-reserves-faq3420

 

"For example, if you process a total of $600 in keyed-in or magnetic stripe transactions over a rolling 7-day period, $100 will be held for 30-days. If funds are held in reserve, you will be notified by email and provided details on when funds will be released. The reserve limit is subject to change."

 

https://www.paypal.com/uk/smarthelp/article/FAQ3430

 

"Card payments made by swiping the magnetic stripe or manually entering the card details are processed with rate of 3.4% + 20p."

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