No fee-no purchase retailer cashback scheme to roll out across the UK

Following a successful 12-month pilot, Link, the UK’s largest cash machine network, is rolling out Cashback without Purchase across the UK, enabling consumers to withdraw any amount up to £50 at small high street shops and retailers.

As PayPoint has already been set up on more than 1,000 sites, it is the first member to offer the service in more than 2,000 stores before the end of the season.

The initiative was originally part of Natalie Ceeney’s CBE-led community access to money pilots and was held in shops in Burslem, Staffordshire, Hay-on-Wye’s Powys, Cambuslang in South Lanarkshire, and Denny’s Stirlingshire. Its future was secured by pilots following an amendment to the 2021 Financial Reporting Act that came into force earlier this year.

Consumers can charge £ 1-50 instead of £ 14 for information transmitted by the ATM. During the annual trial period, more than 24,800 sales earned an average of £ 27.81. More than £ 680,000 has been spent on the bridge so far.

Customers can get their Cashback closer without buying sites using the Link Cash Finder and Cash Finder app.

Tracey Graham, chairman of Link Consumer Council, said: “Revenue prevention is important for the millions of people who trust it. Cashless without buying is an easy way for people to get information and money from a local retailer. The Consumer Council is happy to see this to support people living in need if they need it.

Translate »