PayPoint is partnering with YouLend, a business finance company, to provide eligible retailers with flexible funding that allows them to pay it back as they earn from card sales.
Instead of paying a fixed monthly repayment, a small percentage of every card transaction is used to repay the funding, giving retailers peace of mind that repayments will be in proportion with their income from card sales.
Mark Latham, Banking Services Director at PayPoint said: “PayPoint have long been a champion of the UK convenience sector, and this has become even more important as our retailer partners continue to adjust to the post-pandemic market.
“We want to ensure PayPoint retailers have the best possible flexibility and freedom in how they secure funding to respond to these evolving challenges. The flexible financing options, provided in partnership with YouLend, do exactly that by enabling retailers to opt for an alternative yet simple repayment option that can help free up funds to be used elsewhere.”
Retailers can find out more and apply online by visiting the PayPoint website.