Zettle Dock and Reader are sold separately. You don't then reinvoice the customer 99 + VAT! 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. You are also responsible to contact us if you suspect that your Zettle Reader has been tampered with or stolen. It is your responsibility to inform your customer that you will use the App to send them a receipt via email or SMS before doing so. 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. The cost for a wall plug is not included. You may only accept payment for gift cards through such payment methods offered by us from time to time in your jurisdiction, such as Card payments or cash. We may perform additional credit checks and verifications from time to time to determine whether you continue to be eligible for access to and use of the Payment Service. 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. The use of the Payment Service is subject to certain limits relating to daily Card transaction volume as further specified on our Website. For the same fee, iZettle Go also offers the more flexible pay by link option, where a simple payment link can be sent by sms, email, or through WhatsApp or Messenger. You are solely responsible for compliance with laws and regulations that apply to your gift cards. Terms and Conditions for Zettle Pro. You may terminate use of the Payment Service at any time. You need a Zettle control account in the software. 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. These terms and conditions, including the terms, policies, guidelines and instructions referred to herein ("Zettle Pro Terms") constitute a legal agreement between iZettle Merchant Services AB, a limited liability company, registered in Sweden under company number 556812-2674, with our registered office at . You have the option to subscribe to iZettle E-commerce for 29 + VAT monthly to build an integrated online store. If we do process such refunds and it results in a negative balance on your PayPal Account, you agree to pay all funds owed to us immediately on demand and any applicable process described in the PayPal User Agreement may be enacted. I note there is no VAT on iZettle charges and others who offer the same service. Others (I know) are not. You may access your transaction information by logging into your Zettle Account. Last update and effective as of: 7 December 2022. In addition to any other obligations, requirements, restrictions or limitations set out in these Payment Terms and Conditions, you agree that you will not: a) apply a price threshold for accepting a Card, b) apply a higher price or additional fees for the use of a Card in connection with a transaction, unless permitted to do so under any laws, rules and regulations of your specific jurisdiction and the Card Scheme Rules, c) utilize any credit available on any Card to provide cash advances to customers, d) in relation to in-store transactions, carry out transactions in territories other than the United Kingdom and in currencies other than GBP, e) discriminate between Cards for any reason, unless permitted to do so under any laws, rules and regulations of your specific jurisdiction and the Card Scheme Rules, f) submit any transaction for processing that does not arise from your sale of products or services to your customer, i.e. 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. You are also responsible for providing customer services for buyers and holders of gift cards. For certain businesses, we offer custom pricing options. (R.C.S. Click Save and New . If you have signed up for a service enabling you to sell products and/or services online, and such service has the requisite integrations with our Payment Service, you may also be able to accept and process payments from your customers who will be able to pay online using a Card or such online payment method made available by us in your jurisdiction. How the refund is processed through the Payment Service depends on which group of Merchants you belong to in accordance with section 1 above: If you are a Zettle-only Merchant or a Connected Merchant, for approved refunds, we will deduct the refund amount (including any applicable fees) from funds owed to you from the processing of other transactions, or funds credited to your Zettle Account. Each day creates a sales invoice and expense for the fees. You receive a 1% (of gross) payment fee and receive 118.80. 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. Here's how: Click the New icon (+). Filing options for small companies up for change. Invoice fees are pushed in a similar way to standard Zettle card fees (see "Fees" above). You may only use the Invoicing Service in order to issue, manage and administer invoices in accordance with these Payment Terms and Conditions. You authorise and instruct us to receive, hold and disburse funds in accordance with these Payment Terms and Conditions on your behalf. Internet connection and data usage For Zettle to work, you need to be connected to a 3G, 4G or wifi network. Deemed authorised and regulated by the Financial Conduct Authority. We are responsible for protecting the security of Card information in our possession. 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. The costs and fees of both compare well. Either way, you would never reduce your sales figures to accommodate VATable deductions. Is this because it is a reverse charge supply so if a UK company were looking at offering a similar service it would be fully VATable? 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). A Card transaction will be deemed completed when we have received the funds from the relevant Card Scheme or Acquirer. I'm still confused by the rules with regard to VAT on IZettle fees. Is this because it is a reverse charge supply so if a UK company were lookin. Check it out here. I don't want to post the fees as a resolving item, as this will mean they . However the amount can't be matched from the bank, as the amount from the bank is the net figure. Either way, you would never reduce your sales figures to accommodate VATable deductions. Payments and fees. It's 98 plus VAT for both it and the Zettle Reader 2 bundle. 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. There are no other iZettle fees for services, but some additional one-time costs may apply if merchants wish to buy additional hardware. How much do iZettle charge per transaction? As a Connected Merchant, you accept that any payout of funds from your Zettle Account will be made to your PayPal Account. If your annual Card transaction volume exceeds the amount specified by the Card Schemes Rules, you will need to enter into additional agreements directly with our Acquirers (Commercial Entity Agreements). For each sale, there will be a receipt and two payments. Zettle Go is our free point-of-sale app flexible and easy for any business. The Zettle app is free to download. 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 PayPal Zettle app carries no monthly fees. The nature and extent of consumer protections may differ from those for firms based in the UK. You agree to comply with any such requests without undue delay. Also, when I reconcile iZettle payments into the account there doesn't appear to be an option to recognise VAT. 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. When you log into your Zettle Account, you see the balance of your PayPal Account. If you have taken up a loan from, or utilized any other form of financing arrangement offered by any other company within the PayPal Group, you acknowledge and instruct us that any sums due (or otherwise agreed to be paid) in respect of such loan or financing may be collected, deducted and subsequently remitted to the relevant lender or financing provider (or its respective account bank or other service provider) on your behalf from your transaction proceeds or any other funds held or maintained by us on your behalf until such time the amount owed by you under such loan or financing arrangement has been repaid in full. If you usually make over 10,000 a month, iZettle can go lower than 1.75%, but the percentage will be customised to your situation so we can only make assumptions about those fees. Once the funds hit your bank account (after charges) treat those as a transfer from the iZettle account. Feel free to leave a reply if you have more questions about managing VAT rates, TLC1231. You may also purchase Zettle Readers from our Accessories Store or from other authorised retailers. 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. Terminal pricing and fees subject to change. It is based on your transaction volume during one calendar month and is charged as a % of the transaction amount. 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. 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). 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. Weve made the app easy to use, with features to help you take payments in store and remotely, track sales with powerful reporting, manage stock and much more. You agree that we have the right, in our sole discretion, to determine whether or not you are eligible for access to and use of the Payment Service. A step by step guide to starting your own practice. Find general information on reports in this article, or read more about understanding your fees in our article about transaction reports and fee schedules. There are specific Fees associated with processing Manual Card Entry transactions, as set forth on the PayPal.com Website. Subject to your compliance with these Payment Terms and Conditions, we consider that your use of the Zettle Gift Card Service falls within the LNE, i.e. When you log into your Zettle Account, you see the balance of your Zettle Account. The price of hardware depends on what you need. The Zettle reader makes it easy to start taking card payments and its charges are among the lowest in the industry. For more information, please visit our Website. 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. In addition to what is stated in section 22 of the General Terms and Conditions, we may terminate these Payment Terms and Conditions or your use of all or part of the Payment Services or suspend or close your Zettle Account or PayPal Account, without prior notice to you: a) upon request of a Card Scheme, an Acquirer, or a service provider, b) if our agreement with an Acquirer or Card Scheme expires or terminates for any reason, c) if we are de-registered as a payment facilitator by a Card Scheme, an Acquirer, or a service provider, d) if in our reasonable opinion, your activities or actions are damaging to, or may damage, our image or reputation or the image or reputation of a Card Scheme, an Acquirer, or service provider, e) if you have signed up for the Payment Service as a company or other business entity and there is a change of control of such company or other business entity, f) if owners or other persons associated with you appear on European or American sanction lists (such as OFACs SDN list and the EUs list of economic sanctions or list of terrorists), or g) if your Designated Account is your PayPal Account and your PayPal Account is closed down, either by us or by you. 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. SumUp iZettle No monthly fees No contract . If the IZettle fees are not VATable then should I make an adjutment to sales via a journal Debit IZettle Fees 175 Credit VAT Output 29.16 Credit Sales 145.84 to account for the VAT. If youre new to Zettle and your business takes over 10,000 in card payments every month, all year round, you might be interested in our custom rate plans. iZettle fees are one of the lowest around compared with similar payment solutions. Price excluding VAT for one (1) Zettle Terminal without barcode scanner. Your money arrives in your account in 1-2 working days. We reserve the right to temporarily suspend and/or delay payouts to your Designated Account and/or restrict access to any funds credited to your Zettle Account where we need to conduct an investigation or resolve any pending dispute relating to your Zettle Account and/or as necessary to comply with the Card Scheme Rules, applicable law or court order or if otherwise requested by law enforcement or any governmental authority. However I am confused by the impact of the ruling in HMRC v NEC which seems to say transaction charges are subject to VAT. We reserve the right to amend these Payment Terms and Conditions in accordance with section 23 of the General Terms and Conditions, or a shorter time if so required by the Card Schemes or a Third Party Payment Provider, as necessary to comply with the Card Scheme Rules or otherwise address changes in the Payment Service. Terminal Printer & Dock and Terminal with barcode scanner are sold separately. These payment alternatives as well as the functionalities set out in section 12 may not be available in your country. You must provide customers with a receipt if they request one. 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 ratesnote 1. VAT (using VAT Margin Scheme) should be paid on 16.67% of 235.45 (sale price minus purchase price of item). This section 16 applies only if you are a Zettle-only Merchant or Connected Merchant as described in section 1 above. However IZettle pay the client 120 less 1.75% ie 117.90. iZettle's fees range from 2.75 percent for monthly card turnovers below 2,015 down to just 1 percent for monthly card turnovers above 39,693. 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. VAT Help Documents Price includes a USB cable for charging and wall plug. Your Output VAT on a 100 sale at standard rate is 20 - end of! PayPal QR codes are a safe, touch-free way for customers to pay in-store. . My client pays 1.75% of the transaction value on sales made via her IZettle machine. My client has linked Izettle to QuickBooks, but has a problem when it comes to matching the payments. By signing up for the Payment Service, you instruct and authorise us to perform credit checks, sanction controls and other verifications which may require that you supply such additional information and documentation as is reasonably required for us to verify your identity and fulfil all our anti-money laundering, counter terrorist financing and other regulatory obligations. 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. . 3 - Zettle pay the net to client. The nature and extent of consumer protections may differ from those for firms based in the UK. 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. Value-added tax is typically a percentage of the sale price. . Our bank account shows 255.45 received. You authorise our Acquirers and us to, from time to time, retrieve information about you from, and provide information about you to, third parties, including credit reporting agencies or bureaus and other information providers, and you authorise and instruct such third parties to compile and provide such information to us. I am 99% certain Zettle (Paypal) transaction fees are exempt from VAT. There are many options, all of which are affordable as well as boasting a range of security features and abilities. Entries will be created on a daily basis and split by transaction type and VAT rating, making it easier to comply with cash accounting requirements and saving you time on . . There is no lock-in contract, so you can cancel any time at no extra cost. If these funds are insufficient, you understand and agree that we are not obligated to process the refunds. In addition to any other warranties set out in these Payment Terms and Conditions and in section 14 of the General Terms and Conditions, you warrant to us that: a) any payment transaction submitted by you through the Payment Service will represent a bona fide sale by you, b) any payment transaction submitted by you through the Payment Service will accurately describe the products or services sold and delivered to your customer, c) you will fulfil all of your obligations to each customer on behalf of whom you submit a payment transaction and will resolve any customer dispute or complaint directly with the customer, d) you will, and any payment transactions submitted by you through the Payment Service will, comply with all laws, rules and regulations applicable to your business and the Payment Service, e) except in the ordinary course of business, no payment transaction submitted by you through the Payment Service will represent a sale to any principal, partner, proprietor, or owner of your business, f) you will not use the Payment Service, directly or indirectly, for any fraudulent undertaking or in any manner so as to interfere with the use of the Payment Service. Choose Undeposited Funds in the Deposit to drop-down. Additional information about the Zettle Gift Card Service can be found on our Website. HMRC guidance seems to state it is not exempt but I havent ever seen a credit card fee from someone like iZettle subject to VAT? Price excluding VAT for one (1) Zettle Reader 2 per new business user. transactions made using the contactless induction technology in a Zettle Reader or a compatible mobile device supporting contactless transactions made by Card or smartphone/device transaction using near field communication technology or QR codes), however you may not process a contactless transaction with a value exceeding the prevailing amount limit for that transaction set by an Acquirer, a Card Scheme and/or us from time to time, as set out on our Website. A step by step guide to starting your own practice. 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. You must submit all requests for refunds and adjustments for returns of your products or services through the Payment Service in accordance with these Payment Terms and Conditions and the applicable Card Scheme Rules. When using the Invoicing Service you agree that we are not responsible, for, will have no liability in respect of, and that you are solely responsible for a) issuing, managing and administrating the invoices generated through the use of the Invoicing Service in accordance with all applicable laws, rules and regulations and your privacy policy, b) the accuracy and completeness of your invoices, c) ensuring that your customers pay in accordance with the invoice issued through the use of the Invoicing Service, d) any payment instructions being incorrect, e) funds that, due to you providing incorrect information to us, have been transferred to a bank account that does not belong to you, and f) the recipient of the invoice having such technical installations, firewalls, domains, software etc. You may not in any way refer to us, our Acquirers or the Card Schemes as having endorsed your products and/or services. iZettle Card Reader 2 59 +VAT: Uses the iZettle Card Reader 59: 49 or 249: 19: 69 or . Offering the essentials you need to start selling, the Zettle app turns your iOS or Android smartphone or tablet into a point-of-sale system that facilitates card and contactless, cash and other payment methods. By accepting these Payment Terms and Conditions you agree that, if and to the extent that the provisions of any Services at any time is subject to any legislation in any jurisdiction implemented for purposes of transposing PSD2 (PSD Laws): the following provisions of PSD2, as transposed by any PSD Laws, shall not apply to these Payment Terms and Conditions or to the provision of the Services: (i) Articles 40 (Charges for information), 41 (Burden of proof on information requirements), 42 (Derogation from information requirements for low-value payment instruments and electronic money), 44 (Prior general information), 45 (Information and conditions), 46 (Information for the payer and payee after the initiation of a payment order), 47 (Information for payer's account servicing payment service provider in the event of a payment initiation service), 48 (Information for the payer after receipt of the payment order), 49 (Information for the payee after execution), 51 (Prior general information), 52 (Information and conditions), 53 (Accessibility of information and conditions of the framework contract), 54 (Changes in conditions of the framework contract), 55 (Termination), 56 (Information before execution of individual payment transactions), 57 (Information for the payer on individual payment transactions), 58 (Information for the payee on individual payment transactions), 59 (Currency and currency conversion), 60 (Information on additional charges or reductions), 62(1) (Charges applicable), 64(3) (Consent and withdrawal of consent), 71 (Notification and rectification of unauthorised or incorrectly executed payment transactions), 72 (Evidence on authentication and execution of payment transactions), 74 (Payer's liability for unauthorised payment transactions), 76 (Refunds for payment transactions initiated by or through a payee), 77 (Requests for refunds for payment transactions initiated by or through a payee), 80 (Irrevocability of a payment order), 89 (Payment service providers' liability for non-execution, defective or late execution of payment transactions); and 90 (Liability in the case of payment initiation services for non-execution, defective or late execution of payment transactions); and (ii) where transactions are neither euro nor pound sterling transactions, the requirements regarding execution and time-value dating set out in any PSD Laws transposition relating to Articles 83 to 85 of PSD2 will not apply to this Agreement or to the provision of such Services, to the extent permitted by applicable law. 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. The Zettle app is free to download. We charge per transaction there are no hidden fees or lock-in contracts. VAT Exceptions and Reports; Edit VAT Settings, Codes and Rates; Submit a VAT Return in QuickBooks Online . You may use the Payment Service to process contactless transactions (i.e. The fee you pay to us is not affected by any of these fees. To enable the use of Manual Card Entry, you must follow the instructions and comply with any requirements, in each case as determined by us, an Acquirer, or a Card Scheme. 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. We will only process Card transactions that have been authorised by the applicable Card Scheme or Card issuer, as the case may be. If the error results in your receipt of more than the amount to which you were entitled, we will debit the extra funds from your Zettle Account or PayPal Account. Full refunds must be for the exact amount of the original transaction including tax and handling charges. There are three types of fees set out in the fee schedule. The Zettle Gift Card Service does not include the supply of physical cards or other value certificates. If a customers Card includes an electronic chip, you must always prioritise obtaining chip and PIN authorisation before obtaining a signature. For example, if you purchase a pair of shoes for $100, and the value-added tax rate is 20%, you would pay $20 in VAT at the register . Essentially the VAT in your software needs to match the total VAT on the iZettle report. On a sale of 1,000+20% VAT: - your client receives payment for the full 1,200. Are all the sales on that report Vatable? - Your client then pays x in fees (VAT position on fee TDB here). You authorise and instruct us to make any withdrawals or debits from the Reserve, without prior notice to you, to collect and set off amounts that you owe us under these Payment Terms and Conditions. Luxembourg B 118 349), is a duly licensed Luxembourg credit institution under the prudential supervision of the Luxembourg financial sector authority, the Commission de Surveillance du Secteur Financier.Copyright 2022 PayPal Inc. 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). In fees ( see & quot ; fees & quot ; fees quot! Have received the funds hit your bank Account ( after charges ) treat those a. The industry that have been authorised by the applicable Card Scheme or issuer. Point-Of-Sale app flexible and easy for any business services for buyers and holders of gift.... Sale, there will be deemed completed when we have received the funds from the relevant Card Scheme Card. Invoicing Service in order to issue, manage and administer invoices in accordance with Payment... 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