Introducing the Quick Cash Kiosk.
The new technology to replace cheque cashing and prepaid card facilities in scrapyards.
It’s well known in the industry that Scrapyard customers want cash.
The popularity of cheque cashing and prepayment cards at scrapyards proves this.
Customers are sometimes lost to yards buying at lower than the market value, but illegally paying cash.
You can now capture those customers back and increase your revenue at the same time.
With our Quick Cash Kiosk, you can now legally pay cash onsite.
You can also set your own fee for the use of the kiosk.
Now customers do not have the cost and inconvenience of using prepaid card, cheque cashing services or bank transfer if they prefer cash payment.
The Quick Cash Kiosk is the cheapest option available for cash payments in the industry.
Fast, efficient and easy to use. Fully auditable and 100% traceable.
The scrapyard chooses how much they want to charge their customers for using it.
This can be a flat fee or a percentage. The scrapyard keeps the fee.
The customers are getting their cash for cheaper than before, the scrapyard is making the profit for providing the service,
NOT the cheque cashing company and because there is no third party involved in the transaction there is no need for any extra paperwork.
Q. Why is it needed?
A. Scrapyard customers want cash. The popularity of cheque cashing at scrapyards proves this.
It also allows legitimate scrapyards to compete on an even ground with yards that pay cash illegally.
Q. Why not use a cheque cashing company?
A. Cheque cashing is expensive for the customer and time consuming for the scrapyard. There is normally a minimum charge of £5 or 2% of the total amount, whichever is greatest. The profit from these charges goes to the cheque cashing service, not the scrapyard. Lots of paperwork involved and G.D.P.R rules to comply with.
Q. We use Prepaid cards why should we swap?
The prepaid cards are a cheaper option and easier to use than cheque cashing , however, the Quick Cash Kiosk is even easier and YOU
set and keep the payment charge that your customer would normally pay for using the card, either a fixed fee or a percentage.
Why not pay into the bank or write a cheque?
There are many reasons that this isn't the best option.
A lot of the gate trade customers in scrapyards are from disadvantaged backgrounds and many are living hand to mouth. Some don't have bank accounts and have no choice but to use expensive cheque cashing services. Our kiosk lets them get their money as quickly and cheaply as possible.Even people with bank accounts often prefer to have the cash for a multitude of reasons including:
They're overdrawn, Saves them a trip to the bank, makes it easier to split with their workmates, cash is king they don't want to wait 3 days for the cheque to clear and my favorite one... it stops the wife knowing how much I got for my scrap so I can spend more in the bookies!
Feedback from the scrapyards includes the following reasons:
Making instant bank payments is time consuming and mistakes are very difficult and time consuming to correct.
Bank payments require members of staff to have access to the company bank accounts. Customers are wary of giving out their bank details. Writing cheques and signing them needs a senior member of staff available at all times. Some customers don't have bank accounts.
Will it work with my existing software?
The Quick Cash Kiosk is available as a complete stand alone system or it can be fully integrated with our SCRAPPI software. All it requires to work is a wired internet connection and for the scrapyard to have access to an internet browser.
Is this legal?
This new technology provides your customers with cash at the point of sale. It is totally legitimate and highly convenient. The system has been checked by highly qualified legal counsel and found to be not only compliant but also fully within the spirit of the law.
Our system is a new technology and has been designed and built to comply with U.K law. We have gone through over two years of consultations and testing with engineers and solicitors to ensure that our Kiosks are fully compliant with the Law.
With help and funding from local Government and the EU Regional Development Fund and practical hands on advice and guidance from the brilliant GC Growth Hub we have developed a system that delivers.
Check out our testimonial page to see the legal testimonies.