Coronavirus: PayPoint unveils initiatives to support retailers

PayPoint One terminal

To help retailers during the coronavirus outbreak, PayPoint has waived the yearly inflation increase to its service fees, which will now stay at last year’s levels.

Furthermore, PayPoint will now bill for service fees in arrears while retailers forced to close their stores can also claim a service fee refund for the closure period.

It also launched launched a new campaign to recognise retailers in the PayPoint network who have gone ‘above and beyond’ to serve their communities during the pandemic. Winners of the ‘Local Heroes’ awards will be showcased across PayPoint’s social media channels, receive a certificate and a £500 donation to a charity of their choice.

In addition, PayPoint has donated £25,000 to the NFRN’s Covid-19 Hardship Fund, which offers financial assistance to members struggling with cash flow during the coronavirus pandemic. The fund has raised more than £200,000 to date.

The moves follow PayPoint’s recently announced partnership that allows retailers to apply for fast-track access to the Deliveroo system.

Nick Wiles, Executive Chairman of PayPoint, commented: “Now more than ever, we are looking at how we can help our retailers and partners transform convenience and provide significant, safe, and sustainable services to UK communities. We’re proud to launch these new partnerships, initiatives, and campaigns to provide assistance during this unique and challenging time.”