Bread4Scrap Salvages Scrap Metal Payments
‘Payment’ might not be the first thing that springs to mind when you think ‘scrap metal’. But recycling targets and a sustainability push have driven demand in the industry, along with pressure from buyers and sellers for immediate payment!
There is an urgent need for an easier, quicker, and more efficient way to issue funds 24/7 for modern scrap metal recyclers that service suppliers and clients.
This is especially important if your suppliers don’t have access to traditional bank accounts.
A win-win solution for suppliers and customers
Bread4Scrap is a complete package for the scrap metal industry. It’s a modern, compliant, and efficient payment method that benefits buyers and sellers of scrap metal and its operations.
In this article, we unpack the features, benefits, and workings of Bread4Scrap, including:
- Multiple payment options for fast and effective payment
- Fully compliant with government regulations
- Integrates with management platforms like FRED5
- Benefits for scrap metal roles from MDs to yard managers
- Clear and simple pricing
Multiple payment methods for convenience and flexibility
Bread4Scrap offers one straightforward platform that delivers smooth and efficient payments for your suppliers and customers.
There are two easy options for fast, secure payments:
- Load funds to a prepaid Mastercard that can be used by customers to withdraw cash from ATMs or spend globally online/instore. Pre-paid cards can be delivered to scrap metal sites fast, usually within just two days. The Bread4Scrap App is now available in the Apple Pay and Google Play store.
- Faster payments to make direct transfers into customer’s and suppliers’ bank accounts. These payments can be made within minutes.
Take advantage of lower transaction costs and substantial savings compared to traditional bank charges. Cheques involve manual processes that are time-consuming and prone to errors, whilst BACS payments take three days to process, leading to customer complaints.
These methods also reduce the risk of holding larger amounts of cash on-site.
Fully compliant with government regulations
Bread4Scrap fully complies with government regulations and is delivered through a secure management portal for improved payment visibility.
This means a modern payment method, greater security and efficiency and full regulatory compliance.
Seamless integration with management platforms
Bread4Scrap can seamlessly integrate with industry-standard management platforms, such as FRED5, the UK’s leading and most widely adopted Recycling Management software. There is no need for complex workarounds for systems you already have in place.
Who uses Bread4Scrap?
Bread4Scrap refines the transaction process for buyers and sellers of scrap metal, offering benefits to key players in the scrap metal industry.
How does Bread4Scrap work?
Bread4Scrap works in three short steps.
- Sign-up.
Signing up is the first simple step at Bread4Scrap.
- Add customers.
After signing up, security checks are carried out, and access to the management platform is given to offer cards and faster payments. Prepaid cards are shipped ready for immediate distribution to your customers.
Customers details are captured followed by Know Your Customer (KYC) checks carried out through a secure management portal.
Customers receive a card pack containing a prepaid card and PIN.
- Load funds.
Cards can be loaded or direct bank payments made 24/7 via the management portal.
Customers are notified of funds loaded via a text or email and can manage their accounts through the cardholder portal.
Cards can be reloaded repeatedly so they can make recurring transactions.
Pricing with no hidden costs
The Bread4Scrap pricing structure is clear, with no surprise costs.
Bread Cards
Business Payments
The costs of business payments are as follows:
Discover the potential of Bread4Scrap
Bread4Scrap is a specialist arm of B4B Payments, trusted by hundreds of UK scrap metal and recycling firms. B4B Payments’ expert knowledge of the scrap metal industry and passion for payments have been combined to deliver a solution that will boost performance and streamline processes for your business.