top selling products and average payment volume. With Zettle's app merchants can analyze credit card transactions and relay detailed information, i.e. Since 2012 the Zettle app is also available for Android. The first version of the Zettle app was launched in 2011 but then only supported iOS. Zettle by PayPal offers a software solution, the Zettle app, to record, manage and analyze sales. This card reader also accepts all major cards including MasterCard, Visa and American Express. The new card reader replaced all previous card readers in Europe and Zettle by PayPal was the first mobile payments company to accept contactless payments in the UK. Just as its previous siblings the reader connects through Bluetooth and integrates both Chip and PIN and contactless payments. In June 2016, Zettle by PayPal launched a new card terminal. It was used by plugging it into the audio jack of iPhone, iPad or Android devices. In February 2015, Zettle by PayPal introduced Lite Reader, a new card reader which was offered to merchants free of charge. In 2013, Zettle by PayPal upgraded its system to include a Chip and PIN device alongside its previous model, allowing it to accept all major credit cards, including MasterCard, American Express, and Visa. Zettle by PayPal offers a card acceptance service which enables small businesses to take credit and debit card payments. Zettle by PayPal offers financial and other services to meet the needs of small businesses within the following four core areas. ( October 2021) ( Learn how and when to remove this template message) Please help improve it by removing promotional content and inappropriate external links, and by adding encyclopedic content written from a neutral point of view. This section contains content that is written like an advertisement. As the Big Issue magazine is sold by individuals experiencing homelessness, it is reported that Zettle by PayPal is making the card readers available to vendors across the country for a reduced price and offering a per-transaction fee "significantly lower" than its standard rate. On May 10, 2021, Zettle by PayPal made card readers available to Big Issue vendors across the UK, allowing customers to purchase the magazine from the vendors via a contactless QR code payment. In February 2021, iZettle updated their name to Zettle by PayPal. On May 17, 2018, it was reported that PayPal would be buying iZettle for $2.2 billion. In September 2017, iZettle raised $36 million funding from the European Investment Bank. iZettle's solution achieved a MasterCard Best Practices certification in February 2013. In June 2013, Visa signed iZettle to its Visa Ready Program, giving the startup access to tools for further developing mag stripe and mobile acceptance systems. In June 2013, iZettle entered a partnership with Banco Santander, who invested more than €5M in the company and helped provide access to Santander's customers in Europe and other regions. In August 2012, the iZettle mobile app for Android was released. Soon after launching, iZettle was listed as one of Tech Europe's Pick of Stockholm Start-ups. The company launched the full version of the service in Sweden later that year. The app worked initially with a Chip & Signature Card Reader. In August 2011, iZettle launched its mobile app for iOS in Sweden to meet the local demands of a market dominated by smart card technology. He was the first employee of TradeDoubler in 1999 and Ameibo and Tre Kronor Media in 2007. They decided on a stylized combination of the words “I” and “Settle.” The name “iZettle” derives from the expression “settling a debt.” The founders wanted a name that described what the company would do. In April 2010, Jacob de Geer and Magnus Nilsson founded iZettle and launched its first app and chip card reader in 2011.
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