If any of the goods or services that you supply are VAT exempt or you are underneath the VAT threshold then you won't be able to reclaim the cost of VAT. As a credit institution we facilitate the processing of payment transactions and, in order for us to do this, we have entered into agreements with acquiring banks (Acquirers). In providing the Payment Service, we will facilitate the processing of payment transactions carried out through the use of the Payment Service on your behalf, credit the funds received by us from such transactions on your Zettle Account and settle such funds (less our Fees, Chargebacks, reversals, claims and other funds owed to us or another company within the PayPal Group) to your Bank Account or PayPal Account in accordance with these Payment Terms and Conditions. If we require a personal guarantee, bank guarantee or other form of security we will specifically inform you. (R.C.S. These payment terms and conditions, including the terms, policies, guidelines and instructions referred to herein, (Payment Terms and Conditions) and the general terms and conditions governing your access to our services (General Terms and Conditions) constitute a legal agreement between PayPal (Europe) S. r.l. Price includes a USB cable for charging and wall plug. This fee is the only fee for transactions that you pay to Zettle. * Fees are subject to change. We may add, delete and amend certain payment methods at any time and the Card Scheme Rules and the Specific Terms may also be amended from time to time in accordance with the relevant terms and conditions. There are many options, all of which are affordable as well as boasting a range of security features and abilities. GoCardless is now required to charge VAT across all of the fees that we charge for our services provided to merchants located in the UK and France. My client pays 1.75% of the transaction value on sales made via her IZettle machine. We reserve the right to suspend your access to and use of the Payment Service and to terminate and close your Zettle Account if you fail to allow us, or a third party designated by us, to conduct such audit upon our request. We reserve the right to amend our Fees at any time in accordance with section 23 of the General Terms and Conditions. These subsections set out the authorisation(s) you will need to grant us to transfer funds credited from your Zettle Account to your Bank Account or PayPal Account (as the case may be). 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). The interchange fees and scheme fees charged by Bambora and Elavon are separately provided in the fee schedule. You may not in any way refer to us, our Acquirers or the Card Schemes as having endorsed your products and/or services. Payments and fees. The transaction fee is set at a flat rate of 1.75% for all card reader transactions, and there are no monthly fees or hidden costs. We reserve the right to suspend your access to and use of the Payment Service and to terminate and close your Zettle Account and your PayPal Account if we determine that you are no longer eligible for access to and use of the Payment Service or if you fail to promptly comply with any requests from us in accordance with the above. You agree to reimburse such third party or us for any and all such liability. 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. Luxembourg B 118 349), a duly licenced Luxembourg credit institution under the prudential supervision of the Luxembourg financial sector authority, the Commission de Surveillance du Secteur Financier, (we, our or us) and you, the sole trader, company or other business entity having created an account with us (the Merchant, you or your), governing your access to and use of our payment processing services provided under the Zettle by PayPal brand (together, the Payment Service). Any agreement regarding custom rates are subject to a specific agreement between the parties. PayPal's fee drops to 1% after passing the 15,000/month . The fee you pay to us is not affected by any of these fees. The refund amount may not exceed the original sale amount except by an amount equal to any reimbursements to the customer for postage costs incurred for product returns. Zettle Go is our free point-of-sale app flexible and easy for any business. For each sale, there will be a receipt and two payments. VAT (using VAT Margin Scheme) should be paid on 16.67% of 235.45 (sale price minus purchase price of item). . You undertake to: a) maintain a fair return, cancellation or adjustment policy, b) disclose your return or cancellation policy to customers at the time of purchase, c) not give cash refunds to a customer in connection with a Card transaction, unless required by law, and d) not accept cash or any other item of value for preparing a Card transaction refund. to aggregate multiple entries into one back in the 80's. The transaction fee is set at a flat rate of 1.75% for all card reader transactions, and there are no monthly fees or hidden costs. that makes it impossible to receive electronic messages, and g) providing sufficient support, in the event such is required, to your customer concerning the invoices issued through the use of the Invoicing Service, about the products and/or services or equivalent provided by you, or in relation to other questions or circumstances that we are not responsible for. Click the Receive payment button. You may access your transaction information by logging into your Zettle Account. Choose Undeposited Funds in the Deposit to drop-down. Youll be charged a fixed transaction fee, regardless of which card you process with your Zettle Reader or Terminal. I am 99% certain Zettle (Paypal) transaction fees are exempt from VAT. You receive a 1% (of gross) payment fee and receive 118.80. Information at my.zettle.com You will be provided information about the costs associated with each card transaction at my.zettle.com. You may use the Payment Service to process card-present transactions (i.e. Monthly fee Free Phone support weekdays, 9am-5pm Integrates with popular apps App features include: Card and cash payments Sales reports Gift cards Refunds and discounts Staff management Sign up For more information about our fees, please read here. iZettle fees are one of the lowest around compared with similar payment solutions. If a customers Card includes an electronic chip, you must always prioritise obtaining chip and PIN authorisation before obtaining a signature. Invoice fees are pushed in a similar way to standard Zettle card fees (see "Fees" above). The download link will appear above the breakdown of your activity for the month. The Payment Service is subject to the Card Scheme Rules and may also be subject to specific terms and conditions which apply to the use of certain payment methods (Specific Terms) provided by us or a third party (a Third Party Payment Provider). Price excluding VAT for one (1) Zettle Reader 2 per new business user. In order to receive funds from your Zettle Account, you must designate and, if we so request, verify a bank account held in your name in a bank in the United Kingdom (Bank Account). You authorise us to direct questions to and obtain information from the relevant bank, including for the purpose of verifying your designated Bank Account. The costs and fees of both compare well. 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. Internet connection and data usage For Zettle to work, you need to be connected to a 3G, 4G or wifi network. - The current account bank feed will be allocated as a transfer ex Zettle control, The beauty of being taught never (ever, or else!) By creating a Zettle Account (defined below) you accept and agree to comply with these Payment Terms and Conditions. In this context, you authorise and instruct us to comply with collection, deductions and remittance requests received from the relevant lender or financing provider (or its respective account bank or other service provider) on your behalf. 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. The Zettle Gift Card Service does not include the supply of physical cards or other value certificates. Must admit i had seen the Go cardless change which was backdated to april and was wandering if there is any read across to other providers - i can only guess providing a service to collect funds by direct debit is seen as a being different to a basic bank/credit card charge. If you are a Fully Merged Merchant, for approved refunds, we will deduct the refund amount (including any applicable fees) from funds owed to you from processing of other transactions, or funds on your PayPal Account. You may not redeem a previously issued gift card with another gift card. We will only attempt to correct transactions that you process incorrectly if you notify us of such error without undue delay and no later than sixty days of when the error first appeared on your electronic transaction history. Comparing the cost of SumUp Vs iZettle. Refunds processed through the Payment Service must be submitted within thirty days of the original transaction. You don't then reinvoice the customer 99 + VAT! 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. The App will prompt you as to what verification is necessary, based on a customers Card. 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. We will not be responsible or liable for the ultimate credit of funds to your Bank Account once we have instructed payment to your Bank Account. 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. The transaction fee is set at a flat rate of 1.75% for all card reader transactions, and there are no monthly fees or hidden costs. The Zettle app is free to download. You are responsible for providing information to your customers about the terms in these Payment Terms and Conditions applying to issued gift cards, for example that you may not provide a cash refund, that amount thresholds apply and that there are only certain payment methods that are accepted. 2 - Zettle charge a fee to the seller. VAT Exceptions and Reports; Edit VAT Settings, Codes and Rates; Submit a VAT Return in QuickBooks Online . We assume no liability to verify or otherwise control gift cards issued by you to customers, and you are solely responsible for providing accurate descriptions, information and content relating to gift cards issued by you under the Zettle Gift Card Service. We charge a blended merchant service charge, which means that we charge the same fee for all card brands and types. Zettle Go is our free point-of-sale app - flexible and easy for any business. You must provide customers with a receipt if they request one. My client has linked Izettle to QuickBooks, but has a problem when it comes to matching the payments. Funds from a payment transaction credited to your Zettle Account will not be paid out to your Designated Account until the transaction is deemed completed. We are responsible for protecting the security of Card information in our possession. The Payment Service can be used to accept card transactions with most credit, debit and other types of cards (each a Card) bearing the trademarks of the Card Schemes as further specified on our Website. There are no monthly fees for using iZettle. You agree that you are solely responsible for verifying the identity of your customers and the eligibility of each presented Card used to purchase your products and services and for all reversed or charged back transactions, regardless of the reason for, or timing of, the reversal or chargeback as further described in section 17. For any payment transaction we determine may result in a Chargeback, we have the right to withhold the potential amount of the Chargeback in a reserve. Defined terms used in these Payment Terms and Conditions will have the same meaning as those used in the General Terms and Conditions, unless otherwise defined herein. We will assume that you are the sender of any transactions and other instructions to us when sent using your Account Credentials. You may also purchase Zettle Readers from our Accessories Store or from other authorised retailers. We reserve the right, upon notice to you, to charge a fee for mediating and/or investigating Chargeback disputes. Check out our price list below to find the perfect complement to your business, or get in touch to find out about our special custom rates. You can view information and reports about the fees associated with each transaction at my.zettle.com. Our webshop offers POS and hardware combinations, receipt printers, barcode scanners and more. No record of the 4.55 iZettle fee as it is charged before we even see the money from this sale. Zettle may also make other charges that are not exempt. . As a Fully Merged Merchant you authorise and instruct us to initiate payment of all funds credited to your Zettle Account to your PayPal Account. You are solely responsible for compliance with laws and regulations that apply to your gift cards. 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. If there has been no activity on your Zettle Account for at least two consecutive years and you have a balance on your Zettle Account, we will notify you on the email address registered by you and/or associated with the Zettle Account and give you the option to keep your Zettle Account active or to close your Zettle Account and request a withdrawal of any funds that we hold on your behalf. PayPal (Europe) S. r.l. If these funds are insufficient, you understand and agree that we are not obligated to process the refunds. Furthermore, we will not be responsible or liable for any funds that, due to incorrect or incomplete Bank Account information provided by you, have been paid to a bank account that is not held in your name. Payout of funds to your Designated Account is subject to certain limits as further specified on our Website. Pricing breaks down as follows: Cost of Zettle Reader: Currently 29 + VAT (Normally 59 + VAT) Transaction fees: Flat 1.75% Setup fee: 0 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. 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. Additional information about the Zettle Gift Card Service can be found on our Website. You are not permitted to process Manual Card Entry transactions when your customers Card is present. You may not provide a cash refund on gift cards except to the extent required by law. A step by step guide to starting your own practice. You acknowledge that we must fulfil the obligations related to such listing and reporting, and you waive and agree to hold us harmless from all claims and liabilities you may have as a result of such listing and reporting. To be eligible to process Manual Card Entry transactions, you must be a Fully Merged Merchant and have successfully completed a Card transaction through a Zettle Reader. . The Reserve will serve as security to cover anticipated Chargebacks, refunds and/or unfulfilled products or services or credit risk based on your processing history, and we will have the right to collect and set off from the Reserve all amounts that you owe us under these Payment Terms and Conditions. Once we have verified your Designated Account (if applicable), we will take commercially reasonable efforts to initiate payout of funds (less our Fees, Chargebacks, reserve, refunds, reversals, claims and other funds owed to us) to your Designated Account on the business day immediately following the business day on which we received the funds on the Client Account, unless otherwise set out in these Payment Terms and Conditions. . The Zettle app is free to download. You undertake to inform your customers of the possibility to pay by Card by displaying signage for all Card options provided by us as possible payment methods in your physical store or online. 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. You have the option to subscribe to iZettle E-commerce for 29 + VAT monthly to build an integrated online store. Price includes a USB cable for charging. Refunds are free to process and you also get the transaction fee refunded. 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. If we determine that you are incurring an excessive number of Chargebacks or that Chargebacks related to you are too frequent, we may establish controls or conditions governing your Zettle Account or PayPal Account, including without limitation: a) creating a reserve in an amount reasonably determined by us to cover anticipated Chargebacks and related fees, penalties or fines, b) suspending your access to and use of the Payment Service, and/or c) terminating and closing your Zettle Account or your PayPal Account. You are solely responsible for accepting and processing returns of your products or services. 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. (R.C.S. PayPal (Europe) S. r.l. When issuing an invoice through the Invoicing Service, your customer will receive an e-mail, which includes the invoice and a link to a website where your customer can pay the invoice online. Although, not always lower compared to many UK merchant account fees. These Payment Terms and Conditions are effective upon the date you agree to them and will remain in force until terminated by us. Through the Zettle Account settings, you may select and instruct us to maintain funds on your Zettle Account specifically for funding refunds or to expedite execution of refunds. Is this because it is a reverse charge supply so if a UK company were lookin. 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. Reader pricing and fees subject to change. iZettle also sells POS . Now, let's deposit the payments including the fees. et Cie, S.C.A. Scheme fees per transaction vary depending on: Card type (e.g. I don't want to post the fees as a resolving item, as this will mean they . You are also responsible for providing customer services for buyers and holders of gift cards. Each day creates a sales invoice and expense for the fees. A single payment is simultaneously pushed for the full payment of the bill, representing the transfer of money out of the liquid account to pay the fees. Zettle Dock and Reader are sold separately. Refunds are free to process and you also get the transaction fee refunded. As a Connected Merchant, you accept that any payout of funds from your Zettle Account will be made to your PayPal Account. I am 99% certain Zettle (Paypal) transaction fees are exempt from VAT. We will then automatically pay out all your funds in accordance with the selected intervals. The interchange fee and scheme fee may vary depending on which acquirer we use. Under the PSRs and EMRs, a person providing payment services or issuing electronic money without FCA authorisation or registration in reliance on the exclusion known as the limited network exclusion (LNE), must notify the FCA where the total value of the payment transactions executed through such services and/or made with the electronic money in any period of twelve months exceeds 1 000 000 euros (or its equivalent in foreign currency). As at the date of your acceptance of these Payment Terms and Conditions, you will fall under one of the categories of Merchants set out in subsections (a) to (c) below. Choose what suits you best turn your smartphone or tablet into a POS with the Zettle Reader, add accessories and docks, or choose an all-in-one solution like the Zettle Terminal. Find general information on reports in this article, or read more about understanding your fees in our article about transaction reports and fee schedules. We will only begin permitting you to process transactions after we have determined that you are eligible for access to and use of the Payment Service. I'll be here to answer them . Check it out here. The Card Scheme Rules applicable to merchants and the Specific Terms relating to the payment methods you have signed up for will form part of your agreement with us. You can read more about recent changes to our pricing planshere. If these funds are not sufficient, you understand and agree that we are not obligated to process the refunds. Any liability for the use or misuse of your gift cards, and any third party claims arising from or relating to your gift cards, are your sole responsibility. In addition to what is set out in section 11 of the General Terms and Conditions, you acknowledge that we are required to report your business name and the name of your beneficial owners and/or principals to the MATCH listing maintained by MasterCard and accessed and updated by American Express, and the VMAS database upheld by Visa, if applicable, pursuant to the requirements of the Card Scheme Rules. If your designated Bank Account details are incorrect or incomplete or if we for any reason cannot verify that the bank account is held in your name, we may de-connect the Bank Account from your Zettle Account, and you confirm and agree that we will not be under any obligation to pay any funds to you until such time you have provided correct and complete Bank Account information and we, as applicable, have been able to verify that you are the holder of the Bank Account. It's suitable for most types of businesses and integrates with a host of software, so you can build what works for you. *Youll find the full list of transaction fees for all accepted payment methods on our pricing page. Discover the Accounting Excellence Awards, Explore our AccountingWEB Live Shows and Episodes, Sign up to watch the Accounting Excellence Talks, Preparing clients for postponed VAT accounting. 1 - Zettle take the full amount from the customer. PayPal QR code transaction fees are the same flat rate as card transaction fees for transactions you process with your Zettle Reader or Terminal. The transaction fee is set at a flat rate of 1.75% for all card reader transactions, and there are no monthly fees or hidden costs. 3 - Zettle pay the net to client. There is no lock-in contract, so you can cancel any time at no extra cost. Your continuing use of such payment method constitutes your consent and agreement to such additions, deletions or amendments. 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. You can find the agreements here. Any funds credited to your Zettle Account and held by us on your behalf at the time your Zettle Account is suspended or closed will be paid out to you in accordance with section 14, unless otherwise set out in these Payment Terms and Conditions. The fee you pay to us is not affected by any of these fees. A bill is pushed with a single line item with the expense account set to the Invoice fees account. Where VATable deductions are made from payments received, that VAT would be an input! As for transaction fees, here's what iZettle charges: Card-Present Transactions: 1.75% Invoiced Transactions: 2.5% Payment Link Transactions: 2.5% Keyed-In Transactions: 3.4% + 20p QR Code PayPal Payments: 1.75% The iZettle Reader retails for 59, excluding VAT, while the Zettle Terminal sells for 149 (excluding VAT). 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