2 PAYMENT METHOD PROFILES: CASH
The existence of the NCS and the power it provides its members is in effect a barrier to entry, and this may help explain why NCS members G4S and Vaultex are profitable, at least in comparison to U.K. CIT carriers. The 2024 BRC Payments Survey showed that cash remained the cheapest tender method for U.K. merchants to accept in 2023, costing £430 million to process overall, equating to an average of 0.20% of cash spending. By comparison, debit card transactions cost 0.27% and credit card transactions 0.61%. 148
Cash Centres Costs
£- £20,000 £40,000 £60,000 £80,000 £100,000 £120,000
2023
2018
2013
2023
2018
2013
G4S Cash Centres
Vaultex UK Limited
Revenue Cost of Sales Administrative Expenses Other Expenses Operating Profit/Loss
Graph 2.6
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