Payleven has begun to accept Visa cards in Europe thank to its new chip & PIN reader, the company announced on Friday. Payleven, iZettle and other European “Square-like” companies had been unable to accept Visa cards thanks to the issuer’s insistence on using a PIN, not an electronic signature, to verify a transaction.
Shipment of the chip & PIN solution will begin on February 18 and will initially be available only in Payleven’s European markets: the U.K., Italy, Germany, the Netherlands and Poland.
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