Homeless to take debit cards for newspapers payment
On Thursday iZettle introduced a new mobile payment service to help prevent small businesses and retailers missing out on sales. With it even homeless street newspaper vendors can be paid with a debit card. "Research shows that Dutch consumers do not pay with their debit or credit card as often as they would like." says Johan Bendz of the Swedish company. There is no contract fixed to the iZettle, which costs 79 euro once off. "On regular point of sail terminals there is usually an administrative fee, a subscription and a cost per transaction, which is simply too high for the little man. The total transaction costs for our service amounts to only 1.5 to 2.75 percent, depending on sales. So the more sold, the lower the percent." "By adding other types of payments in addition to cash, no one has to miss out on income anymore", says Bendz. "In Sweden and England after the introduction if iZettle, nearly 60 percent more street newspapers were sold."