PayPoint retailers can receive card payment funds into their business account the following day under a new scheme.

The Next Business Day Settlement was announced in July for PayPoint One retailers, but went live to all customers on 1 October. The initiative removes the existing wait of three-to-five days for retailers to receive funds.

Sales director Anna Holness said: “We’re focused on supporting our retailer partners with innovative services that improve their cash flow, and the launch of our next-business-day settlement service does exactly that.”

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