Retailer cashback offer from PayPoint

PayPoint sign

PayPoint has announced a new cashback offer for retailers signing up to a PayPoint ATM and PayPoint One at the same time, giving them the opportunity to earn £1,500 over five years.

The offer is available to both new and existing retailers, however retailers must have an existing non-PayPoint ATM that has a high volume of cash withdrawals per month.

The payment service provider has also revealed that over 2,000 retailers with a PayPoint ATM paid no banking charges for their PayPoint business over the last 12 months. This was attributed to the Net Settlement system, a feature of PayPoint ATMs which means any incoming bill payment cash is netted off against outgoing cash withdrawals.

Anthony Sappor, ATM Product Manager at PayPoint, commented: “I am delighted to announce this new offer so that more retailers can benefit from reduced banking charges and offer a vital service to their customers. As bank branches continue to close, ATMs within convenience stores are becoming more in demand, driving footfall and cost benefits to retailers.”

PayPoint retailers can find out more about the offer via their Territory Development Manager or online.