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11 Apr 2025

Cycling UK has called for greater, targeted investment in cycling infrastructure across the UK to help more women feel safe and confident to cycle, with the charity urging Government to commit...

10 Apr 2025

Graeme Stickells, Head Trainer at South Africa’s only Cytech training centre Torq Zone Academy, is recovering from a life-threatening hit-and-run incident — and a crowdfunder has...

9 Apr 2025

Seven in ten cyclists in the UK have had their bike stolen, with the average cost of a stolen bike at £612.80 bringing the total estimated cost of thefts to £2.4 billion, according...

8 Apr 2025

MPs from multiple parties are pushing for Cycle to Work scheme to be expanded to include more people, including pensioners and freelancers, with the aim of encouraging more people to cycle.

2 Apr 2025

New regulations around recycling, known as ‘Simpler Recycling’, will soon require non-household municipal premises, including businesses, schools, and hospitals, to separate food...

2 Apr 2025

WorkNest has provided ACT members with essential resources covering statutory employment rates and the upcoming Employment Rights Bill, with the updates aimed at helping independent...

1 Apr 2025

Bira has voiced serious concerns over the latest figures from the BRC-NIQ Shop Price Index for March 2025.

26 Mar 2025

ACT parent company Bira has said the Chancellor's Spring Statement delivered today has failed to address the "perfect storm" of cost pressures facing independent retailers across the UK,...

25 Mar 2025

ACT parent company Bira has outlined its key priorities ahead of the Chancellor's Spring Budget statement.

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Government Supports Amendment to Introduce Cashback Without Purchase

Posted on in Business News , Cycles News

TheTill Government has agreed an amendment to the Financial Services Bill which will enable shops to offer cashback to customers without making a purchase.

IRC member ACS (the Association of Convenience Stores) reported the amendment to the House of Lords Financial Services Bill, tabled by Conservative Peer Lord Holmes of Richmond, will remove an existing requirement for retailers to register with the Financial Conduct Authority to offer cashback without an in-store purchase within the same transaction.

In its written submission to a HM Treasury call for evidence on the future of the UK's cash system, ACS called for the Government to ensure that retailers are not obligated to offer this service and those who do must be guaranteed fair remuneration.

ACS chief executive James Lowman said: "Over two thirds of retailers offer cash back to customers, so we welcome the extension of retailers offer cashback without having to purchase products.

"A number of useful trials on extending the use of cashback without purchase are underway, and there is still much more we need to learn about how this can be offered securely and viably for retailers. We shouldn't view cashback without purchase as a full replacement for a properly functioning and funded ATM network."

Supplying cashback without purchase will not be mandatory for any retailers. The change will come into force two months after Royal Assent of the Bill, which is expected shortly.

Lord True, speaking on behalf of the Government in the Lords said: "Industry will have discretion to make the service available across the United Kingdom. Where the service is offered, customers will be able to walk into a local business that wishes to participate, such as a corner shop, café or pub, and withdraw cash without having to make an accompanying purchase."

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