PayPoint Business Finance

Business Finance

How does PayPoint business finance work?

It’s totally flexible.

Your business funding is repaid by a small amount each time you take a card payment from your customers, giving you the added peace of mind that there are no fixed monthly repayments to make.

When a customer pays by card, a fixed percentage of that transaction is used to repay your funding. This percentage stays the same regardless of the transaction value, so you’ll always repay proportionately with your income from card sales.

To find out more, call 0203 924 9983 or email [email protected]

For more specific product information, see the Product Explanation below.

*Eligibility criteria will apply – only available to existing PayPoint merchants receiving acquiring services from an acquiring provider organised through PayPoint who have not entered into any other agreement with third parties for the sale of their receivables. If you do not receive acquiring services organised through PayPoint, an alternative may be available. Business must be trading for 3 months or more, with a minimum of £3,000 in card transactions per month and have been actively receiving card receivables in the last month. 

What You Can Use the Funding For

Retailers use business finance and borrowing for many reasons, including:

  • Purchasing additional stock
  • Refitting or modernising their store
  • Investing in new equipment or technology
  • Hiring and training staff
  • Managing seasonal cash flow
  • Launching new services

The flexibility of repayment means you can focus on growing your business without worrying about difficult payment schedules.

Key Benefits of PayPoint Business Finance

  • Apply online in minutes
  • Fast funding decision
  • Only pay back as you earn through card sales
  • No hidden fees or monthly charges
  • Track your repayments online
  • Simple renewal process

Who Is Eligible for business finance with PayPoint?

 

If you do not receive acquiring services through PayPoint, alternative options may be available.

Business finance is available to eligible PayPoint merchants who:
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Receive acquiring services arranged through PayPoint

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Have been trading for at least three months

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Process a minimum of £3,000 in card transactions per month

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Have actively received card receivables in the last month

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Have not entered into agreements with third parties for the sale of receivables

Important Information About the Funding

The funding is a sale of future card receivables not a loan and is provided by YouLend Ltd as a cash advance on your future card receivables and repaid via your card transactions through your  card terminal or e-commerce site. The funding is not subject to the regulation and legal protections applicable to loans that are consumer credit or regulated mortgage contracts.

Part of the PayPoint Loyalty Programme. PayPoint’s activities in relation to the YouLend product does not constitute regulated credit broking.

Frequently Asked Questions

How are repayments made?

Repayments are taken automatically as a fixed percentage of each card transaction until the agreed amount is repaid.

Are there fixed monthly repayments?

No. Repayments adjust in line with your card sales, helping to protect cash flow during quieter trading periods.

How quickly can I receive funding?

Applications are reviewed quickly, and eligible retailers can receive funding soon after approval.

Who provides the funding?

The funding is provided by YouLend Ltd in partnership with PayPoint.