PayPoint ATMs help over 2,000 retailers remove banking charges

This article is brought to you by Retail Technology Review: PayPoint ATMs help over 2,000 retailers remove banking charges.

PayPoint has released new figures showing that it has helped over 2,000 of its ATM customers remove banking charges in the past year, all with the help of its unique Net Settlement facility. 

Retailers with a PayPoint ATM in store can recycle cash taken in for bill payments in their self-fill ATM, reducing banking costs and providing additional earning opportunities through cash withdrawal commission.

The company has also reiterated its commitment to being ‘open for business’ in the ATM market, despite recent reports of the demise of free-to-use cash machines in the convenience sector and the unpopular contractual change of free-to-use machines to surcharge by other ATM operators.  

Lewis Alcraft, Chief Commercial Officer for PayPoint commented: ‘We remain fully committed to supporting both free-to-use and surcharge operating models in the UK convenience sector, and continue to work with our retailer partners to ensure the appropriate approach for their particular circumstances. PayPoint ATMs provide a valuable service in over 4,000 stores across the UK to thousands of customers and give our retail partners a great way of reducing the cash banking costs for their business’.

‘We understand the challenges in the market right now, but we are committed to dealing with our retail partners fairly and transparently to ensure that our products benefit their business and their customers.’