PayPoint logo on reverse of card

[j06 (Jamie)]

Yes you found it. Well done. I was searching badly, to no avail. The key points I remembered above come from here:

PayPoint Shops don’t know how to process cash deposits

We took on PP as it was already in the shop when we purchased it, they have year on year reduced the commission and put a cap on most of the services. We carried on with them as we are in an area where a lot of customers use electricity keys, commission on these is currently 0.5% but capped at 7p. When we started with them I do remember phone top up used to provide between 7 to 10 % commission now it’s 0.5 %. The introduction of large payments such as TV license, rent and bills cost us dearly.…

I’ve commented before, whilst I commend Monzo’s ethical choices elsewhere, its outsourcing of handling cash to a company which effectively forces a loss on business owners is plain wrong, and should be reviewed.

I don’t blame business owners for refusing to serve some people only wanting PayPoint access, and it reflects badly on Monzo, so I guess Monzo gets what it deserves.