PayPoint partners with Paysafecash to bring online cash solutions to the UK

Leading in-store payments technology provider PayPoint has partnered with Paysafecash, a popular online cash solution to bring online cash payments to the UK.

Through this partnership, Paysafecash, which was developed by Paysafe Group, a leading global payments provider, will be an available payment option at 28,000 PayPoint sites across the country. The news comes as the two companies have signed a new multi-year agreement, extending a relationship that has spanned over a decade.

Paysafecash is an alternative payment method for customers who want to pay for online purchases easily and safely using cash. It makes online shopping possible for customers without a debit or credit card, or who do not want to use them for online payments for security reasons.

Paysafecash is easy and free for consumers to use:

The customer selects ‘Paysafecash’ as the payment method with the online retailer or service provider and receives a Paysafecash barcode.
The barcode can be printed, forwarded by e-mail or SMS, or stored in a mobile wallet application on a smartphone.
Using the search function online or in the Paysafecash app, the customer finds the nearest partner store. The barcode is scanned by sales staff and payment is made.
The online retailer or service provider processes the order directly after payment and the goods are delivered. No customer bank account or credit card data is required and the payment is completely secure.

Since its launch in June 2018, Paysafecash has grown to provide the biggest online cash payment network worldwide. It is available in 29 countries and at approximately 100,000 point of sale outlets. Over 99% of consumers in the UK are based within 1 mile of a local PayPoint store in urban locations.

Bank notes and coins remain a necessity for eight million people in the UK according to the Access to Cash review released earlier this year, and the UK ecommerce market is growing steadily, reaching £137.38bn in value last year, according to data from the Office of National Statistics.

Commenting on the partnership, Lewis Alcraft, Chief Commercial Officer at PayPoint, said: “There remains a demand for cash payments in the UK and innovations such as Paysafecash help us to meet this consumer need. Through propositions such as Collect+ and Paysafecash, our retailer partners are ideally placed to benefit from the popularity of online shopping and make the process more convenient for customers. We’re continually looking to introduce innovative solutions such as this to help our retailers better serve their communities.”

Udo Mueller, CEO of paysafecard – the business behind the Paysafecash product, added: “We are committed to bringing the benefits of cash payments for online shopping to the UK and offering consumers multiple ways to pay through our range of payment methods at Paysafe. Our partnership with PayPoint allows us to offer consumers across the country who rely on cash or who do not wish to share their financial details online the a