PayPal and iZettle PayPal is buying the Swedish payments processor iZettle for $2.2 billion in an all-cash deal. Assuming the deal clears in Q3 as planned, it's PayPal's biggest-ever purchase. Like Square, iZettle provides point-of-sale apps and card-readers for small businesses. PayPal has been trying to move forward in this area too, and now it's getting a big boost, particularly in Europe and Mexico, where iZettle has an established presence. TechCrunch