iZettle has unveiled Denmark as the latest country in Europe to operate its Smart Rate fee structure. Smart Rate allows small business to pay a 1.5% transaction rate per sale.
The latest launch means Smart Rate is now live in six markets – UK, Sweden, Finland, Spain, Denmark and Norway. It’s the latest example of iZettle’s commitment to growing with its customers and ensuring small businesses are equipped with the tools, services and support to help them thrive.
The Smart Rate pricing structure operates on a sliding scale with fees lowered automatically once customers reach a certain threshold (the exact amount various across each market). In July 2013 iZettle became the first mPOS provider in the UK to lower its transaction fees for small businesses who take over £2,000 a month.
The rate reduction applies to all cards and the Smart Rate fee system is automatically calculated by iZettle who send the cost savings back to the merchant at the end of every month.
“Small businesses are driving the economic recovery across Europe,” says Jacob de Geer, co-founder and CEO at iZettle. “iZettle is determined to level the playing field for SMEs and ensure they have the tools and support to flourish. We see Smart Rate as another step in our journey to empower SMEs and democratise payments.”
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