Fed members can play their cards right with Lopay deal

The Federation of Independent Retailers (the Fed) has teamed up with payments provider Lopay to offer members preferential card processing rates that could save typical businesses almost £3,000 a year.

From September 15th, Fed members will have exclusive access to the free Lopay Zero Card. For every £1 a member spends on stock through the Zero Card, at their usual wholesalers and cash & carries, Lopay will process £1 of customer card payments with zero processing fees. Members don’t need to change how they buy stock to benefit. It’s the everyday spend they already make that unlocks the savings.

Combined with the Fed’s preferential Lopay rate, the offer also includes a free business account with instant access to card takings, a card terminal from £9.99 a month with fully transparent pricing, and no contracts or exit fees, so members can switch with confidence, and leave just as easily if it isn’t right for them. Onboarding and ongoing support are UK-based.

Lopay founder and CEO Richard Carter said: “For businesses, combining the Fed’s preferential Lopay rate with the Zero Card could mean reducing the amount they spend on payment processing by 60 to 70 per cent or more. And those savings add up quickly.

“For a typical business paying around £300 a month in card processing fees, Lopay and the Zero Card could bring that figure down to around £55 a month – putting almost £3,000 a year back into the business.”

The Fed’s National President Hemanshu Patel said: ““At a time when the cost of trading is rising, we are pleased to have teamed up with Lopay to give Fed members access to preferential rates and an additional way to potentially reduce their card processing costs. As with any business service, we would encourage members to look at the offer carefully, consider their own circumstances and make sure it is right for their business.”

Lopay is already trusted by more than 40,000 UK businesses and holds a 4.7-star rating on Trustpilot from over 2,600 customer reviews. One independent convenience retailer already using the Zero Card has seen its monthly card processing costs fall from around £240 to about £70, a saving of close to 70 per cent, without changing the way it buys stock.

Fed members can find full details of the offer, including a short explainer video, at thefedonline.com/partners/lopay.

A new look for the app helping retailers earn up to £1,000 a year

Independent retailers can earn up to £1,000 a year in cash rewards with *shopt, the biggest multi-brand rewards and engagement app for independent retailers that incentivises retailers to range and stock key products from leading brands.

Through *shopt, retailers can earn cash rewards for stocking products, watching videos, engaging in content and answering surveys, from a range of brands across the categories – all in one place.

And now, *shopt has launched its biggest app update to date, introducing a completely refreshed experience, designed to make claiming rewards even easier.

Retailers can now quickly find new, popular or soon-to-end rewards, pin offers they don’t want to miss and get a clearer view of their earnings and upcoming payouts.

The update also makes *shopt easier for retailers managing their business, with the ability to add staff and manage multiple stores through the app.

“I downloaded the app there and then and haven’t looked back”

For Yogesh Amliwala of Cherry Stores, *shopt has become a simple way to generate additional income from products he is already stocking.

“A Lucozade representative introduced me to *shopt around four years ago. They explained I could earn cash rewards for stocking products I was already ranging, so it felt like an easy way to generate extra income. I downloaded the app there and then and haven’t looked back.”

Yogesh says the benefits go beyond earning rewards: “The biggest benefit is being rewarded for what I’m already doing. I’ve earned cash for stocking products that suit my store, while also discovering new brands and launches I may not have come across otherwise.

“Everything is in one place. It’s a great alternative to rep visits to hear about the latest offers or products. It’s a simple way to stay up to date, make informed ranging decisions and generate additional income.”

And the latest update has made the experience even simpler: “The new update has made the app even easier to use. It has a clean, fresh look, it’s quicker to find relevant rewards and the navigation feels much more intuitive.

“I also like that you can add staff and manage multiple stores through the app, making it even more useful. Overall, it’s a great improvement that helps retailers get even more from the platform.”

 

GET A CHANCE TO WIN £50

Log in TODAY and enter the September Prize Draw for your chance to win £50 — and discover even more cash rewards in the app. https://link.shopt.digital/7R32/qlkj6rww

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