Tyre dealers could save £1000s in payment processing fees
A new generation of payment processors is vying for the business of the tyre retail sector, but which ones offer the best cost savings and fraud protection? (Photo: Bopp)
Tyre dealers stand to save thousands of pounds a year by shopping around when selecting payment processing providers. For a long time tyre retailers did business with cash, cheque and invoices. The next generation brought with it credit and debit card processing, something that has become the norm in garages. Now, a new generation of payment processing providers are offering to streamline the critical payment part of any business while also significantly reducing the associated fees.
Bopp, which started in 2017, is one such solution. The company may only four years old, but already there are over 30 million people with mobile banking who can use Bopp for payments. And customers range from sole traders and charities to businesses.
As well as cost savings (see below for more on that) Bopp is pitching its service as offering no risk of card fraud and “no chargebacks”, something that will appeal to tyre retailers that have been stung by that kind of crime as well as those seeking to avoid it. The Bopp process is also described as “much easier and more secure to take a payment over the phone”. All this is done by ending reliance on till equipment by utilising printed QR codes instead.
Such an approach has particularly beneficial applications in the booming mobile tyre fitment sector as there is no need for mobile fitters to carry a terminal (as they currently would have to in order to receive card payments). Rather, they could just download the app for their mobile phone or tablet.
One customer that appreciates Bopp’s approach is mobile tyre fitting and tyre retail business Diamond Tyres. As director Shaun Bass commented: “This is a great app. Whenever I have used it, it’s been quicker than our current card machine and without problem. You don’t have to wait for it to boot up because it’s always ready and you don’t have to wait days for funds to arrive, less hardware to worry about as it’s on your mobile phone. Definitely recommend having this as an additional payment method.”
Anyone interested in Bopp’s offer can use the code MS21DFT on https://bopp.io for a 10% discount.
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