Currently, Brazilian people and small businesses can take card payments with their Apple and Android smartphones and tablets by signing up at izettle.com.br and order the iZettle Chip & Signature reader.
Banco Santander do Brazil payments services director Cassius Schymura said the new service delivers secure and flexible mobile transactions with cards, which will allow thousands of small entrepreneurs to have access to a service previously reserved to larger businesses.
iZettle co-founder and iZettle do Brasil chairman Magnus Nilsson said, "Brazil is the world’s second largest card payment market, and the opportunity for iZettle to equip individuals and small businesses with card payment acceptance is immense.
"99.7% of companies in Brazil are SMEs and micro merchants and we want to empower them with a cost-effective way to take payments other than cash, so they never have to miss out on a sale again."
Easy to set up, iZettle works with all major payment cards and its merchants will have to pay 5.75% of each transaction.
The iZettle’s software metric boxes display revenue, high selling products, transactions, average payment volume and returning customers.
