What to Know Before Getting Started
Starting a New Business?
Selecting a credit card processor is often more complicated than most people expect. How much should you be paying in fees? Should you lease or buy equipment? Should you be locked into a service agreement for anything length of time? These considerations and several others are imporant to understand before signing up with any merchant account provider. Mistakes are easily made and can be very costly to your business. Along with seeing our top choices for payment services below, be sure to checkout this post to avoid common traps in the merchant services industry.
Considerations For Current Business Owners
Changing merchant accounts can be an expensive, complicated, and time consuming process. Are you really going to save as much as promised? Do you need to buy to new equipment or sign new lease agreements? Will there be other less accountable costs such as those associated with employee retraining? Before selecting one of our choices below, you may want to consider renegotiating your fees with your current payment processing vendors using the help of a contingency-compensated consultant. It can result in a dramatic decrease in costs without the pains of switching. In some cases business owner have also obtained substantial refunds of prior overcharges along with saving thousands in future processing costs. See this post to learn more about this little-known alternative to changing merchant account provider.
Like the rest of Scandinavia, Finland has access to a very low number of mobile credit card processing apps. Whereas the U.S. and UK are inundated with Square and its various imitators, Finland has only one established mobile credit card reader (iZettle) for merchants to choose from. And unlike Norway and Sweden, which have developed new or upcoming local competitors to iZettle, Finland does not appear to have an alternative mobile credit card processor in the works. It remains to be seen whether Nordic payment processor Nets will eventually launch a product for Finland mobile merchants, or whether a foreign company will attempt to make inroads in the Finnish market.
In any case, the limited options available may make it difficult for Finnish merchants to decide what mobile swiper is right for them. That’s why we’ve created the following list of the best Finnish mobile credit card processing apps. The mobile payment processors on this list are known to offer low-cost, low-commitment contract terms and positively reviewed customer support. Although our list provides general information about each provider, merchants should be sure to visit each company’s website so that they can compare their options.
Our unbiased articles are supported in part by helping you find highly reviewed merchant accounts. You can learn more here.
Why These Merchant Account Providers
Headquartered in Sweden, iZettle is a mobile credit card processor that has been processing payments since 2010. The company’s products and services include an EMV- and NFC-compatible mobile credit card reader, a point-of-sale app, email marketing tools, sales analytics, Xero integration, point-of-sale hardware, and merchant cash advance. iZettle is capable of serving businesses in Sweden, Finland, Denmark, Norway, United Kingdom, Germany, France, Spain, Italy, Portugal, the Netherlands, Mexico, and Brazil.
iZettle does not charge any monthly fees and provides its card reader for a one-time cost of €79 plus ALV. iZettle gradually lowers its transaction fee from 2.75% for merchants who process less than €2,000 in a given month all the way down to 1% for merchants who process over €50,000 per month. Our review of iZettle currently gives it an “A” rating overall.
For more information, see the iZettle website.
€79 + ALV card reader
1% to 2.75% per transaction
Live customer support
If we are missing any great Finnish mobile payment processing apps that should be included on this list, please let us know in the comment section below.