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1 Jun 2023

A new Cycle to Work Scheme that launches this week is claiming to offer partner bike shops the lowest commission fees in the industry at 4%, with an introductory offer of 3% until 31st December...

31 May 2023

A report published by financial institution Claro Money’s wellbeing division on the effects of money worries for retail workers found that 73% of retail workers feel negatively about their...

31 May 2023

ACT partners V12 Finance, who are headline sponsors for this year’s National Cycle Show, have an allocation of free tickets that they would like to share with you!

30 May 2023

ACT Gold Member ICE Trikes is looking for high quality independent bike shops to become new agents or dealers. The company already has dealers and agents in over 32 countries all the way from...

18 May 2023

A lobby group has warned of the “startling rise in the cost of accepting cards” for small businesses after the European chief of Mastercard defended the fees it levies on merchants.

18 May 2023

It has been reported by This Is Money that HMRC now holds 55 billion items of taxpayers' data, including email and bank records, as it cracks down on tax avoidance. The data is held on its...

18 May 2023

Sustrans is working with local businesses to provide bike maintenance stations and pumps at key stops along the National Cycle Network in Scotland, which, it says, will support more people to...

16 May 2023

Cycling UK has opened nominations for its annual 100 Women in Cycling list, which celebrates the inspirational women working in the cycle sector.

16 May 2023

Bike sales in 2022 were lower than 2021 throughout Europe's main markets, Bike Europe has reported, but e-bike sales continue to thrive - although the UK seems to be the exception.

9 May 2023

A mixed picture is emerging about the effect of the Coronation weekend across the UK's retail sector.

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Take the Which? Cash Friendly Pledge

Posted on in Business News , Cycles News

The coronavirus pandemic has had a huge impact on the way people shop and pay for things, with many benefiting from digital payments for the first time. However, for the millions of people who rely on cash, the last year has presented some serious challenges.

Recent research from consumer organisation Which? has found that 1 in 3 people have struggled to pay for things with cash since the start of the pandemic, which has resulted in many consumers - especially those who are cash dependent, of which there are 2.5 million - being unable to purchase even essential goods. Worryingly, thousands more have been left feeling ashamed or stressed because of fears their cash will be rejected at the till.

In response, Which? and Bira want to team up with ‘cash friendly' retailers on a new voluntary initiative that aims to protect customers' option to pay with cash. On the 13th of May, it will be launching it's Cash Friendly Pledge - a public commitment from retailers that they're accepting cash.

While Which? recognises that many retailers do accept cash, and have been throughout the pandemic, it's engagement with consumers - cash dependent or not - has told them they'd benefit from reassurance that retailers are committed to protecting this important payment option. The pledge can be dropped if a retailer changes it's payment policy, and does not require signatories to accept cash for a specific period of time or to prioritise accepting cash over other payment methods.

The names of retailers who've taken the Pledge will be announced at Which?'s public launch in May, which will be promoted in national and trade media and supported by a campaign on social media, in the Which? Money magazine, across online content and in communications to it's members and supporters. They've also created Cash Friendly promotional materials that can be incorporated into online and in-store marketing materials.

To take the pledge, Which? is asking businesses to complete this digital form, which provides further information about the conditions of the pledge.

Any questions or requests for further information on how to get involved with the launch can be emailed to cashfriendly@which.co.uk.

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