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.