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SumUp vs Zettle
June 27, 2023 | Author: Sandeep Sharma
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With SumUp you now can accept card payments everywhere in a simple, secure and affordable way with your smartphone or tablet.
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Zettle by PayPal is a one-stop shop for cutting-edge commerce tools — offering everything you need to take quick payments, ease day-to-day management, and get the funding to grow. Accept credit card payments on the go with Zettle. All you need is a smartphone or a tablet and our free app.
SumUp and Zettle are both popular mobile payment solutions that cater to the needs of small and micro-businesses. SumUp offers a simple and cost-effective card reader that connects to a smartphone or tablet, allowing businesses to accept card payments on the go. It provides basic features such as transaction tracking, digital receipts, and tipping options, making it an accessible choice for businesses with limited requirements. Zettle, on the other hand, offers a more comprehensive point-of-sale (POS) system with additional features like inventory management, employee management, and analytics. While Zettle may be more suitable for businesses seeking a broader range of functionalities, SumUp's straightforward setup and affordability make it a practical solution for businesses looking for a straightforward and portable payment option.
See also: Top 10 Retail software
See also: Top 10 Retail software
SumUp vs Zettle in our news:
2018. PayPal acquired Square of Europe - iZettle
PayPal is making a significant move to strengthen its position in point-of-sale transactions, small businesses, and international markets, aiming to compete with Square, Stripe, and other payment providers. The company has officially announced its acquisition of iZettle, a Stockholm-based payments provider often referred to as the "Square of Europe," in an all-cash deal valued at $2.2 billion. Similar to Square, iZettle has successfully established a strong presence in the point-of-sale market by offering a card-reading dongle that seamlessly connects with smartphones or tablets. This has enabled smaller businesses, previously deterred by high card processing costs, to accept card payments. iZettle has also expanded its services to include various financial solutions for these businesses, ranging from inventory management to loans. By acquiring iZettle, PayPal aims to enhance its capabilities and broaden its reach in the evolving payment landscape.
2015. Mobile POS service iZettle expands to small business loans
Mobile payments provider iZettle, renowned for its mobile card readers enabling small-scale merchants to accept card payments, is diversifying its offerings by venturing into the realm of small business loans. The company has introduced a capital advance solution named iZettle Advance, exclusively available to selected iZettle customers seeking financial support for business expansion. The loan amount will be determined based on individual business circumstances, taking into account factors such as monthly or annual revenue, information which iZettle already possesses due to its involvement in processing the customers' card payments.
2015. Mobile payment service SumUp raised $45M
European mobile payment startup SumUp has recently secured additional funding, bringing its total investments to $45 million. As a competitor to Square, iZettle, and Rocket Internet's Payleven, SumUp intends to utilize this investment to enhance its hardware offerings, similar to Square's approach. Unlike other companies such as iZettle, SumUp has strategically developed its business to achieve vertical integration. This includes the development of its own hardware solutions instead of relying on external partnerships. Currently, SumUp operates in 13 markets, encompassing 12 European countries and Brazil. The company also has plans to expand into two more markets by the end of the year, including Sweden, which is iZettle's home market.
