Is iZettle Owned by PayPal?

By Olivia Johnson - Trusted UK Business Expert

4th of October 2024

3 minute read

Are you curious about the ownership of iZettle? We’re here to provide you with the information you need. Understanding the connection between iZettle and PayPal can help you make informed decisions about using their services. 

Yes, iZettle is owned by PayPal. PayPal acquired iZettle in 2018 to expand its suite of services for small businesses and enhance its in-person payment solutions. 

Want to know more about the acquisition and what it means for users of iZettle and PayPal? Keep reading to learn about the details, benefits, and impact of this ownership. 

iZettle, a popular mobile payment company, was founded in Sweden in 2010. It quickly gained traction in Europe and beyond for its innovative card readers and point-of-sale solutions aimed at small businesses. In 2018, PayPal, a global leader in online payments, acquired iZettle for $2.2 billion.

It Is Confirmed That Izettle Is Owned By Paypal Nowadays And When Did The Acquisition Occur

iZettle is Owned by PayPal: The Acquisition

PayPal’s acquisition of iZettle was part of its strategy to broaden its reach in the small business market and enhance its in-person payment capabilities. iZettle’s technology and customer base complemented PayPal’s existing services, allowing for a more comprehensive offering to businesses of all sizes. 

  • Transaction Details: The deal was valued at $2.2 billion, making it one of PayPal’s largest acquisitions at the time. 
  • Strategic Fit: By acquiring iZettle, PayPal aimed to offer a more integrated suite of services, combining online and offline payment solutions.

Benefits of the Acquisition

The acquisition has brought several benefits to both companies and their customers: 

  • Expanded Services: iZettle’s point-of-sale systems and card readers are now part of PayPal’s extensive range of payment solutions. 
  • Innovation: The merger has fostered innovation, leading to the development of new tools and features for small businesses. 
  • Global Reach: iZettle’s presence in Europe and Latin America has helped PayPal strengthen its global footprint.

Impact on Users

For users of iZettle and PayPal, the acquisition has resulted in enhanced services and seamless integration between online and offline payment systems. 

  • Unified Platform: Businesses can now manage both online and in-person sales through a single platform, simplifying operations and improving efficiency. 
  • Customer Support: Enhanced customer support and resources are available, leveraging PayPal’s extensive infrastructure. 

How Does the Acquisition Affect Small Businesses? 

The acquisition of iZettle by PayPal has significantly impacted small businesses, providing them with robust, integrated payment solutions that are easy to use and manage. 

Ready to explore the combined benefits of iZettle and PayPal? Sign up for their services today and take advantage of their innovative, integrated payment solutions designed to help your business grow. 

FAQ

When did PayPal acquire iZettle? 

PayPal acquired iZettle in May 2018. 

Why did PayPal acquire iZettle? 

PayPal acquired iZettle to expand its in-person payment capabilities and enhance its suite of services for small businesses. 

What changes have occurred since the acquisition? 

Since the acquisition, iZettle’s services have been integrated with PayPal’s, offering a unified platform for managing online and offline payments. This has led to new tools and features for small businesses. 

Are iZettle’s services still available? 

Yes, iZettle’s services are still available and have been enhanced through their integration with PayPal. 

How does the acquisition benefit small businesses? 

The acquisition benefits small businesses by providing a more comprehensive suite of payment solutions, seamless integration of online and offline sales, and enhanced customer support. 

Can I use my PayPal account with iZettle? 

Yes, you can use your PayPal account with iZettle, allowing for easy management of all your transactions in one place. 

By understanding the relationship between iZettle and PayPal, you can make informed decisions about leveraging their combined services to benefit your business. Enjoy the enhanced capabilities and support that come from this powerful partnership!