Zettle Dock and Reader are sold separately. There are specific Fees associated with processing Manual Card Entry transactions, as set forth on the PayPal.com Website. While iZettle doesn't publish the actual breakpoints, they do have a calculator on their website, which allows you to calculate the exact transaction fee for any monthly card turnover. We reserve the right to designate an amount of funds that you must maintain in your Zettle Account and/or accrue a reserve on your behalf (a Reserve) to secure the performance of your payment obligations under these Payment Terms and Conditions or such other requirements that we may determine to be necessary to protect against the risk associated with our business relationship with you. The download link will appear above the breakdown of your activity for the month. You must notify us immediately through our Website or by contacting our customer success team at support.uk@zettle.com if you discover or have reason to believe that there has been an error or unauthorised or illegal use of your Zettle Account and, where possible, change your Account Credentials to prevent any further errors and/or unauthorised or illegal use. We charge per transaction there are no hidden fees or lock-in contracts. The interchange fees and scheme fees charged by Bambora and Elavon are separately provided in the fee schedule. Our Acquirers and the Card Schemes may from time to time impose certain limits on Merchants annual Card transaction volume through the use of the Payment Service. Click the Receive payment button. By accepting these Payment Terms and Conditions, you request and agree that we charge you the Fees (as a blended merchant service charge) assessed and calculated by us in accordance with the Fee schedule. These payment alternatives as well as the functionalities set out in section 12 may not be available in your country. Previous iZettle Price Structure The Zettle Gift Card Service does not include the supply of physical cards or other value certificates. This is the fee we pay to the card issuer (bank or other financial institution) that supplied the card to your customer. These Payment Terms and Conditions will survive your termination of the Payment Service for so long as is necessary in our discretion to carry out their intent. In addition to the fees set out in the fee schedule, we also pay fees to other parties involved in the payment flow. You agree that you will not provide any false or misleading descriptions of any payment transaction that you submit through the Payment Service and that the descriptions given within itemised transactions will be an accurate and true description of the products and/or services being purchased. Pricing & Fees iZettle fees are one of the lowest around compared with similar payment solutions. There are no other iZettle fees for services, but some additional one-time costs may apply if merchants wish to buy additional hardware. Your issuance of gift cards via the Zettle Gift Card Service is subject to VAT. The nature and extent of consumer protections may differ from those for firms based in the UK. Enter the invoice payment details. Pricing breaks down as follows: Cost of Zettle Reader: Currently 29 + VAT (Normally 59 + VAT) Transaction fees: Flat 1.75% Setup fee: 0 VAT (using VAT Margin Scheme) should be paid on 16.67% of 235.45 (sale price minus purchase price of item). The Zettle app is free to download. You are also responsible to contact us if you suspect that your Zettle Reader has been tampered with or stolen. Fees will be assessed at the time a transaction is processed and will be deducted from the funds received by us and credited to your Zettle Account or PayPal Account. Create a bill in the name of iZettle at the end of each month for the total charges and pay it using the iZettle account (or do a money out transaction) Internet connection and data usage For Zettle to work, you need to be connected to a 3G, 4G or wifi network. This is troublesome because any receipt that is produced by iZettle is simply not eligible and it makes accounting troublesome when paired with transactions with correct VAT. The price of hardware depends on what you need. You may not issue gift cards with a value in excess of 1,000 GBP (or its equivalent in foreign currency) or add value to a previously issued gift card so that the total funds loaded on a gift card in any single day exceed 1,000 GBP. . . You may not issue gift cards through the Zettle Gift Card Service valid longer than thirty-six (36) months from the date of issuance. If you use only the Payment Service and do not have a PayPal Account, you have a stand-alone Zettle Account ("Zettle-only Merchant"). For certain businesses, we offer custom pricing options. The transaction information will also show all Fees incurred, any other amounts charged to your Zettle Account in the relevant period and information on payouts to your Designated Account. You confirm and agree that we may require you to allow us, or a third party designated by us, to conduct an audit of your business and facilities in order to ensure your compliance with these Payment Terms and Conditions and the Card Scheme Rules. For the avoidance of doubt, if you use the payment method provided by Klarna, we have the right to acquire and re-transfer to Klarna any claims against your customer resulting from your sale of goods or services to said customer, as further described in the Specific Terms. You acknowledge and understand that the Gift Card Service only supports multi-purpose vouchers meaning that any VAT due is only payable when the voucher is redeemed for goods or services. Full refunds must be for the exact amount of the original transaction including tax and handling charges. If you have any questions or concerns regarding the content of these Payment Terms and Conditions or would like to get a better understanding of how the Payment Service works, please do not hesitate to contact us. (R.C.S. Refunds are free to process and you also get the transaction fee refunded. If the IZettle fees are not VATable then should I make an adjutment to sales via a journal Debit IZettle Fees 175 Credit VAT Output 29.16 Credit Sales 145.84 to account for the VAT. 2 - Zettle charge a fee to the seller. For more information, please visit our Website. Pay the customer invoices in full to the iZettle account. However IZettle pay the client 120 less 1.75% ie 117.90. Such change can be made unilaterally by us, the Card Scheme Rules administrators, or the Third Party Payment Providers without notice but we will try to inform you in advance. iZettle's fees range from 2.75 percent for monthly card turnovers below 2,015 down to just 1 percent for monthly card turnovers above 39,693. PayPal QR code transaction fees are the same flat rate as card transaction fees for transactions you process with your Zettle Reader or Terminal. You may access your transaction information by logging into your Zettle Account. You may not use the Payment Service to carry out Card transactions with your own Cards or any Cards that are issued in your name. The Payment Service is, in addition to these Payment Terms and Conditions and applicable laws, rules or regulations, governed by the requirements and guidelines established by our Acquirers as well as the requirements and guidelines (together, the Card Scheme Rules) established by Visa Europe Limited, MasterCard Europe S.A., American Express Limited and other applicable card schemes (together, the Card Schemes). There are no monthly fees for using iZettle. Here's how: Open the invoice. This includes a transaction reference, the costs charged to you as a Zettle user and the amount of the transaction in the currency of the Zettle account. Each day creates a sales invoice and expense for the fees. By accepting these Payment Terms and Conditions, you agree that you will not use the Payment Service to accept payments in connection with the following businesses or business activities without our express written approval, which approval we may withhold or revoke in our sole discretion where we find this to pose a risk to our business and/or reputation: a) private healthcare services, b) gambling and betting services (irrespective of if such gambling and betting services are provided in accordance with all applicable laws and authorised by all applicable regulatory authorities), c) financial services (irrespective of if such financial services are provided in accordance with all applicable laws and authorised by all applicable regulatory authorities), d) gift cards (other than as set out in section 3 and section 28 as well as in accordance with our General Terms and Conditions), e) services involving the organisation of planned public or social events, such as sale of tickets, or f) transportation and travelling. Subject to availability in your country, if you are a Full Merged Merchant, you may also use the Payment Service to process transactions where neither the customer nor the Card are present at the time of transaction and you manually key in the card number, expiration date, security code, and other required information via the App (Manual Card Entry). You are responsible for, and warrant, to collect, store and process Customer Information in accordance with all applicable laws, rules and regulations and your privacy policy, which includes having the right, and having ensured to have an appropriate lawful basis in place, to be able to collect, store and process the Customer Information obtained through the use of the Invoicing Service. . Offering the essentials you need to start selling, the Zettle app turns your iOS or Android smartphone or tablet into a point-of-sale system that facilitates card and contactless, cash and other payment methods. Once we have obtained, collected and verified all your information, we will assess whether you are eligible to get access to and use the Payment Service. Terminal Printer & Dock and Terminal with barcode scanner are sold separately. It's suitable for most types of businesses and integrates with a host of software, so you can build what works for you. How much do iZettle charge per transaction? Your Output VAT on a 100 sale at standard rate is 20 - end of! My client has linked Izettle to QuickBooks, but has a problem when it comes to matching the payments. For the purposes of these Payment Terms and Conditions, PayPal Account shall mean the PayPal business account opened pursuant to the PayPal User Agreement. (R.C.S. The use of the Payment Service is subject to certain limits relating to daily Card transaction volume as further specified on our Website. I am 99% certain Zettle (Paypal) transaction fees are exempt from VAT. You agree, upon our request, to take all reasonable measures to assist us in verifying your Bank Account. The E-commerce subscription costs 29 + VAT a month, which includes all ecommerce tools, online payment system and integration with other iZettle tools.. Apart from the monthly fee, you only pay a 2.5% transaction fee for all online Mastercard, Visa and Amex transactions. For example, a product which qualifies for the VAT margin scheme sells for 260.00 (260.00 charged on our iZettle card machine) The amount actually received in the bank is 255.45 because iZettle takes their fee of 1.75% of every transaction and this is taken before the funds reach our bank account. An authorised payment transaction may not be withdrawn by you or your customer after the end of the day on which your customer authorised the transaction. We may perform additional credit checks and verifications from time to time to determine whether you continue to be eligible for access to and use of the Payment Service. Subject to availability. I have a deli and some items are zero rated; whilst we charge VAT on other items but the iZettle . Are all the sales on that report Vatable? If an authorised payment transaction is not executed properly or not executed at all, we will, upon your request, use reasonable endeavours to trace the transaction and attempt to rectify any errors that you or we discover and notify you of the result. Although, not always lower compared to many UK merchant account fees. Information about available Zettle Readers and how they can be purchased can be found on our Website. You agree to comply with any such requests without undue delay. We will assume that you are the sender of any transactions and other instructions to us when sent using your Account Credentials. 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