PayPoint departures ‘not linked’ to commission row

PayPoint transaction

PayPoint has denied that the departure of UK Managing Director Seasmus Smith and Retail Director Andrew Goddard is linked to the recent changes to retailer commissions, which has seen a revolt among some independent retailers.

In a statement, the payment services company said: “Last week, Seamus Smith wrote to our retail partners to explain he has accepted a new senior position in a FTSE100 business and will be leaving shortly. Andrew Goddard is still working actively in his senior role with PayPoint but has plans to move on at a later date, so this has not been previously announced outside the company. Neither of these developments is in any way related our commission policies.”

A number of retailers are set to take action against the proposed cuts in commission, by switching off their terminals tomorrow (Friday 15th May).