The Scottish Grocers’ Federation is working with PayPoint to devise a range of discounted services for SGF members with PayPoint terminals, including preferential banking arrangements.
A number of retailers have complained about PayPoint’s plan to reduce the cap on retailer commissions, with some claiming it will lose them money.
But now the SGF and PayPoint are in discussions with “a number of banks” in a bid to reduce costs for retailers.
Pete Cheema, chief executive of the SGF, said: “As Scotland’s premier retail grocery organisation, the SGF already offers its members a number of excellent deals that help to reduce their costs and add value to their businesses.
“PayPoint has always taken a very similar approach to providing support services to assist retailers in its network, such as its special account with Barclays, so it is a natural move to work closely together to develop further deals and discounts for retailers.
“PayPoint is one of a range of vital services independent retailers offer to local communities. I am hoping to finalise a package of services for SGF members, both with PayPoint and one of the banks, in the very near future.”