PayPoint has confirmed the retirement of its old yellow terminals will be completed by December 2019 as it revealed that more than 9,000 retailers are now using the updated PayPoint One technology.
PayPoint One is an all-in-one retail services platform that provides cloud-based EPoS technology, contactless card payments and PayPoint services – such as bill payments and Collect+ – to retailers.
The 9,000-store milestone means nearly half of PayPoint’s legacy yellow terminals have converted to the new platform since its launch 18 months ago, and a further 4,000 devices are due to roll out over the next 12 months.
PayPoint has also confirmed that it intends to retire the 14-year-old yellow terminal from December 2019, and has committed to maintaining the current service fee for the yellow terminal until its retirement.
It is urging retailers to upgrade to the latest technology ahead of the deadline to ensure a smooth service transition.
Lewis Alcraft, commercial director for PayPoint, said: “We’ve been delighted with the adoption of PayPoint One across our network and it’s great to see thousands of retailers benefitting from the enhanced experience and business insight it brings.
“Feedback has been extremely positive and we’re committed to continually enhancing the platform with new features, such as the Nisa and Booker Wholesale links announced recently.
“Last year, we announced the intention to retire our 14-year-old yellow terminal and we promised to keep our retailers updated so that they can plan for the future. Today we’ve confirmed the end date, so they have plenty of time to make a decision that is right for them, their business and the communities they serve.”