Payzone UK limited is a British branded, leading consumer payments acceptance network that focuses on 2 key areas:
1. Convenience Retail
Payzone supplies a terminal to its customer base of retail outlets in the ‘convenience sector’ that accept payments on behalf of its partners. Customers in the convenience sector are typically convenience stores, newsagents and off-licences. Payzone’s partners include mobile network operators, utility companies and public transport organisations.
Consumers use Payzone’s network of terminals (placed with its business customers) to pay for services provided by its partners such as mobile phone top-ups, international calling cards, gas payments, electricity payments, water payments, housing payments, online gaming vouchers and The Health Lottery tickets.
The same Payzone terminals also support credit and debit card acceptance for goods and services that the convenience business sells directly to its own customers.
2. General Retail (Card Acceptance)
Payzone supplies a range of terminals for small to medium sized businesses in the ‘general retail’ sector that allows those businesses to accept credit and debit card payments. Payzone’s customers in the ‘general retail’ sector include beauty salons, clothing stores, restaurants, bars, car servicing and motor accessories outlets.
Payzone also provides GPRS mobile card acceptance terminals for mobile businesses such as electricians and mobile hairdressers. Different businesses in the ‘general retail’ sector require different features on their card acceptance terminals. Payzone’s range of terminals therefore includes the ability to connect via standard analogue telephone lines, broadband internet, Blueteooth and GPRS (using a built in mobile SIM card). Some Payzone terminals also allow the latest contactless card payments to be accepted.
The company was founded in 1989. By 1996 the company had a presence in the terminal maintenance sector acting as a service provider for a number of banking institutions across Ireland and the UK.
Since April 2010, Payzone UK has been 80% owned by Duke Street Capital providing the business with a more appropriate long-term capital structure.