PayPal-iZettle Deal Approved: PayPal Micropayments U.K.

Wednesday, May 29th, 2019

The U.K. competition regulator provisionally gave its approval for iZettle’s acquisition by PayPal Holdings Inc. To learn more about the merger and find the best payments company that can help you with PayPal micropayments U.K., just follow the lines below.

PayPal-iZettle Deal

In 2018, PayPal purchased Swedish fintech startup iZettle for £1.73bn ($2.2 billion), but the deal wasn’t brought to its end. iZettle is famous for being a provider of devices and software that allow smartphones and tablets to read credit cards. This has been PayPal’s biggest acquisition till now.

Now, that the U.K.’s Competition and Markets Authority (CMA) has given its approval, the deal is finally a reality. The approval was put on hold because of an investigation on whether the merger would imbalance the prices and quality of services for small- and medium-sized businesses (SMBs) or not.

However, the CMA expects the union would still have to struggle the competition coming from WorldPay and Square.

According to PayPal’s chief executive Dan Schulman, they’re pleased with the approval and looking forward to helping small businesses enjoy even lower-cost tools to run their shops and fight the competition in the field.

iZettle’s chief executive officer Jacob de Geer notes PayPal helps them move faster and go further than ever before. The union will enable them to level the playing field for small businesses all around the globe.

What to Expect from PayPay-iZettle Merger: PayPal Micropayments U.K.

The deal allows iZettle to increase its expansion efforts globally, thus growing its chances of reaching the U.S. market more successfully. PayPal gets an opportunity to enter the international retail-payment terminals space where Square is already playing a significant role.

Given all the changes taking place in the payments field, it’s vitally important for merchants to use the right payment-processing services that would allow for scaling smoothly and successfully. To find the right processor to work with in the U.K., you need to work with a reputable payment- processor comparison company like Best Payment Providers.

A true payments expert like Best Payment Providers can help you with PayPal micropayments U.K., and any other merchant services you need for your business. To ensure you’re getting the best deal, Best Payment Providers is focused on:

• Terms, complaints, and integration
• Exceptional review of contracts, rates, and fees
• Keeping merchants away from hidden costs, and deceptive sales tactics
• The most reliable snapshot of companies at the time of writing
• Integration processes to guarantee a smooth transition and onboarding process for merchants

And much more.

The payments industry is among the hottest markets for mergers and acquisitions. Companies take a special interest in mergers with the purpose of taking advantage of consumers’ growing demand for digital transactions.

The U.K.’s Competition and Markets Authority, the competition watchdog, has provisionally accepted PayPal takeover of iZettle after deciding the merger wasn’t involved with competition concerns. To fight the rapidly growing competition in the payments space, take the time to find a true payments specialist that can help you move forward without running into obstacles.