PayPal Here and iZettle both are leading products in the market which are available for store owners and provide various types of options for paying to a merchant. The product iZettle was acquired by PayPal for 2.2 million and it has continued to grow over the period. The preferred kind of payment gateway depends on the user.
PayPal Here vs iZettle
The main difference between PayPal Here and iZettle is that PayPal Here has a varying range of transaction fees depending on the number of transfers done in a month whereas iZettle usually takes 1.75% of the transaction as a fee and is mostly the same for all the categories and is therefore not preferred by the small users.
PayPal Here is a transaction machine that accepts several payment gateways like Apple Pay, Google Pay but a restriction comes when it comes to Samsung Pay. it uses the older version of the card reader and does not look too good. It is generally preferred by small merchants due to having fewer transaction fees.
iZettle is another machine that was introduced in 2010 and has become popular since then. It has a higher version of the card reader that is Reader 2. It is more stylish and easy to use due to the updated technologies. It also accepts several gateways like Apple Pay, Google Pay and it also accepts Samsung Pay.
Comparison Table Between PayPal Here and iZettle
| Parameters of Comparison | PayPal Here | iZettle |
| Reader technology | PayPal Here uses the Miura M010 reader which is a bit shaky and a bit difficult to use and that gained negative critics. | iZettle changed its reader card to Reader 2 which is more stylish and easier to handle. The colours are classic black and white. |
| POS app | The POS app of PayPal Here is a bit bland and gives the advantage of creating 200 free paying accounts. | The POS app is quite classy and provides a series of functions on the front page which makes it more accessible. |
| Customer Service | The customer service is not that good due to having a large number of complaints and the guides are not user friendly. | The customer service is easily approachable and can be called in case of emergency and you go through written guidelines as well. |
| Costing | The device is quite expensive in comparison to the reader technology it uses. | The device is moderately priced according to the reader card it uses. |
| Payouts | The money is immediately deposited in the PayPal account which can be transferred to the bank | The money may take 1-2 business days to process and show up in the account. |
| Transaction fees | The transaction fee may be as low as 1% for small merchants who earn less and is therefore preferred by them. | The transaction fee is set at 1.75% of the amount that has been paid and it rarely varies. |
What is PayPal Here?
PayPal Here is a device used by many merchants for taking payments from the consumers as it accepts a variety of gateway and can be a good option. The transaction fee for the device is quite low for merchants having a low income. The card reader is not stylish and is a bit bland and outdated. Miura M010 reader is a third party reader and gains negative critics but there are no major problems as such and it accepts many cards leaving only Samsung Pay.
The PayPal Here is provided with a hefty deal for the store owners which is inclusive of a variety of devices and licenses like Lenovo touchpad, EPOS license, reader and costs an agreeable amount. A stand is provided so that it is easy to rotate the tablet towards the customer which gained attention due to its easy handling.
PayPal Here came out in 2012 and has gained the eyes of the user. The PayPal Here has not developed over the years and is quite expensive considering the reader card it has. It also deposits the amount directly in the PayPal account immediately and this is one of the best features.
Its POS app also gives the feature of creating 200 free accounts but is a bit bland due to the use of their trademarks colours that is blue and white.
What is iZettle?
iZettle is another device that was developed in 2010 for accepting payments of different cards all over the world. It also gained huge popularity because it was cheaper for a better reader card and also accepted Samsung Pay. Unlike PayPal Here it worked on the latest technology which was Reader 2 and was a bit stylish and could also be accessed by phone using Bluetooth. It is available in two classic colours that are white and black.
iZettle offers types of equipment that can be attached to it for easy functioning and handling. Most of them can be connected via Bluetooth or wifi. You can buy a receipt printer which makes it easy to print receipts of the transaction made. They also have two optional instruments which can be added. Stands can be used for the mounting of the card reader, tablet, etc and a cash drawer attached to it can also be bought which helps in keeping the cash safe.
The iZettle has a higher percentage of the transaction fee which is the same for all the users and makes it difficult for small merchants to use it. A benefit is that they don’t price for foreign cards and they have good customer service. The service providers are available for a call in times of emergency and some queries can be solved by using written guidelines.
Main Differences Between PayPal Here and iZettle
- The PayPal Here uses the older version of the card reader that is the Miura M010 reader which is a bit older and has gained negative critics with time whereas the iZettle uses the newer technology which is stylish and easily handleable that is the Reader 2.
- The POS app of PayPal Here is in their colours blue and white and is a bit bland but allows the creation of 200 accounts for free whereas the app for iZettle is eye-appealing and all the features are given on the front page providing comfort for the user.
- The customer service for PayPal Here is not good and it takes a lot of time for them to respond. They also rarely pick up calls and get more complaints whereas iZettle is quick with it and gives the immediate response and has answers to some queries in the guidelines.
- The cost for using the older version of the technology is more in PayPal Here whereas the iZettle takes the apt money for the features they are providing.
- The payout for the PayPal Here is more beneficial as they are directly deposited in the PayPal account almost immediately whereas iZettle takes almost 1-2 business days for processing the money in the bank account.
Conclusion
The choice and preference should be made depending on what type of business you run and how much you can afford for spending on the card machine. Although you might think that iZettle is better due to the technology but PayPal Here also offers some of the best deals and is better for small merchants because it has a low transaction fee. Both of them have their sides of the coin and can be used interchangeably in case of an emergency. The two of the devices have captured the market and are quite popular and can be seen at almost all stores and have made the lives better and self-sufficient.
References
- https://link.springer.com/chapter/10.1007/978-3-658-03251-7_7
- https://link.springer.com/chapter/10.1007/978-3-658-14118-9_14