PayPoint has released new figures showing that it helped more than 2,000 of its ATM customers remove banking charges in the past year, with the help of its Net Settlement facility.

Retailers with a PayPoint ATM in store can recycle cash taken in for bill payments in their self-fill ATM, reducing banking costs and providing additional earning opportunities through cash withdrawal commission.

The company has also reiterated its commitment to being ’open for business’ in the ATM market, despite recent reports of the demise of free-to-use cash machines in the convenience sector and the unpopular contractual change of free-to-use machines to surcharge by other ATM operators.

Lewis Alcraft, chief commercial officer for PayPoint, commented: ’We remain fully committed to supporting both free-to-use and surcharge operating models in the UK convenience sector, and continue to work with our retailer partners to ensure the appropriate approach for their particular circumstances."

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