iZettle launch free chip and pin handset

izettleiZettle has launched a free-­of-charge Chip & PIN reader called Lite. The similar PayPal device costs £99 (or has sometimes been sold at a promo price of half that.)

The new card reader is available to businesses in the UK, Sweden, Norway, Denmark, Finland, Spain, Germany and the Netherlands.

The Lite connects to tablets and smartphones via cable, and removes all startup costs for business that seek to accept card payments for their products and services.

“The Lite is a first of its kind. Not only will it tear down the barriers small merchants face when setting up their businesses, it also raises the stakes for Europe’s payments industry,” says Jacob de Geer of iZettle.

Alongside the Lite, iZettle will continue to offer its Card Reader Pro, which comes with a built-­in display and connects to tablets and smartphones wirelessly.