Paypoint used to be a lucrative additional service that retailers offered to their customers, but now is the time to crunch the numbers with increasing running costs to the retailer, new 5 year contracts and online and smart meters taking customers away from Paypoint. You need to be checking Paypoint is a viable service to offer to your customers and in some cases a once profitable service may start making a loss when the new contracts come into force.
The new Paypoint Terminal takes up much more space than the previous old yellow box. (pictured)
There are lots of costs that you need to take into account when running a Paypoint service including, Paypoint Charges, banking cash, staff mistakes, additional staff etc etc. If you get queues because of Paypoint are you losing more profitable sales?
For retailers who offer the service to increase customers the associated product report on the Reposs EPoS System will identify over a date range of your choosing, which items and how many items are sold to customers also using Paypoint.
This is a great report to take all the guess work out of what customers are buying when they use Paypoint, to help you make an informed choice on the longer term viability of Paypoint in your shop.
We will be emailing a help sheet to all Reposs users to help them run this report, but if you would like further information on how you can manage Paypoint and take integrated card payments on the Reposs EPoS System please call 0845 0945 200 or email info@reposs.com