Ooh, I didn’t know that. One of the flats in my building has a prepaid meter (there’s a shared meter cupboard) and it has some kind of key thing, not a card.
With the amount of competition in the energy market, I’m amazed any of these things are still around to be honest. Even for people who prefer prepaid or have no credit history, smart meter prepaid tariffs that are cheaper and easier to top up are available.
Which brings us back to PayPoint. Who does it really exist for and how long can it continue? While I give them credit for constantly trying to add things… SuperDry uses them for returns (it wasn’t a bad experience, the guy knew how, the return worked… But dropping my return off at a small little shop felt so sketchy), for example, the reality is that in 2019 there are just easier, better and more accessible ways to do everything they do.
While they largely aim at the unbanked, banks like Monzo improve the accessibility of financial services so much (don’t trust me, the Queen agrees!) that the world of shadow banking (including PayPoint) just can’t survive much longer. It’ll be like cash, a slow death, but it can’t last.
And maybe that’s actually the brilliance… Use a service on the same downward trajectory as cash itself for cash handling. And let them both fade away, replaced with better, cheaper, safer alternatives.