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Zettle by PayPal (previously known as iZettle [1]) is a Swedish financial technology company founded by Jacob de Geer and Magnus Nilsson in April 2010. Launching its first app and service in 2011, [ 3 ] the company offers a range of financial products including payments, point of sales, funding and partners applications.
The company operates as a payment processor for online vendors, auction sites and many other commercial users, for which it charges a fee. Established in 1998 as Confinity, [ 4 ] PayPal went public through an IPO in 2002. It became a wholly owned subsidiary of eBay later that year, valued at $1.5 billion. [ 5 ]
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The narrative around PayPal (NASDAQ: PYPL) stock has been bearish for a couple of years now. The stock price is off close to 80% from all-time highs set in mid-2021 and was trading under $50 a ...
Metric. Q2 2023. Q3 2023. Q4 2023. Q1 2024. Q2 2024. Number of active accounts. 431 million. 428 million. 426 million. 427 million. 429 million. Total revenue. $7.3 ...
He came up with the idea for Zettle after his ex-wife, a sunglasses importer, lost out on business at a trade fair after being unable to process card payments for customers. In 2018, de Geer sold Zettle to PayPal for $2.2 billion. De Geer continues to operate as Zettle's CEO in their head office in Stockholm, Sweden.
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Payment service provider. A payment service provider ( PSP) is a third-party company that allows businesses to accept electronic payments, such as credit card and debit card payments. PSPs act as intermediaries between those who make payments, i.e. consumers, and those who accept them, i.e. retailers. [ 1]