Payleven, the Square clone that’s battling iZettle in Europe, has teamed up with Elavon, a global provider of payment solutions to over 1.2 million merchants.
Incubated by Germany’s Rocket Internet (the Samwer brothers’ infamous startup accelerator), Payleven turns Android and iOS smartphones and tablets into card terminals, enabling small businesses and mobile service providers to accept card payments just about anywhere, anytime.
All they need for that is a free mobile app and an equally free card reader ‘dongle’ to start processing payments.
The company also recently announced that it is first to market with a ‘Chip & PIN’ solution for mobile payments in Europe.
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The deal with Elavon is meant to boost mobile debit and credit card acceptance by small and independent businesses in Europe, particularly ‘mobile businesses’ like electricians, plumbers, gardeners, taxis and so on.
Elavon offers end-to-end payment processing (merchant-acquiring) services, without which mobile payments cannot be transacted.
The solution is currently running in Germany, Italy, Netherlands, Poland and the UK.
Also see:
Heads up, iZettle: the Samwer brothers’ Square clone Payleven expands to UK, Brazil and more
In a statement, Payleven says it contacted “several card acquiring companies” but concluded that Elavon was the right choice because of its international processing capabilities.
Its solution includes transaction acceptance authorisation and approval, billing and online reporting and customer service.
Elavon’s European activities are conducted through Elavon Financial Services Limited, an Irish registered bank headquartered in Dublin, which is a wholly-owned subsidiary within the U.S. Bancorp group of companies.
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