B4B Payments are pleased to announce the launch of the Bread4Scrap Prepaid Card solution to the Scrap Metals industry.
Law changes brought in by the Legal Aid, Sentencing and Punishment of Offenders Act 2012 mean that Scrap Metal dealers cannot pay cash for materials brought to them and must use an electronic means of payment or cheques to provide an audit trail of payments for scrapped metal.
Many dealers are put off by the high costs and insecurity of using cheques and want greater convenience for their customers to make use of their funds immediately.
The Bread4Scrap solution allows participating dealers to issue a new prepaid card and load it within seconds and give their customers an electronic means of payment, which they can use immediately at over 35 million locations where cards are accepted. Paul Swinton, CEO of B4B Payments said: “This is a very quick solution for the weigh bridge operators and cash offices and a highly convenient way for their customers to receive funds. We are confident that Bread4Scrap will be a huge success for our customers.”