Metalcashcard was developed in 2012 following the new laws which prohibited cash transactions at scrap metal yards. Our all-in-one identification and payment system provides a simple solution to the change in the law.
Metalcashcard works on any scale. We operate in large-scope, multi-site organisations such as Sims Metal Management, the leading metals and electronics recycling company in the world. Additionally, we work with many independently-run family businesses; being especially beneficial to those with a bustling door trade.
Following a one-time registration process, your customers will be able to receive their funds instantly via an e-money account*, rather than waiting multiple days for a bank transfer or cheque to clear.
Our system is secure and reliable, being operated by a long-established ISO 27001 data centre that utilises leading technology.
Fully compliant with the 2012 LASPO Act
Customer information held securely off-site in an ISO 27001 data centre
Know your customer (KYC) compliant
Full training provided & call centre assistance available during all trading hours
Easy operating system – customer registrations should take no more than 5 minutes & payments are instant
Substantial savings on bank charges
Simple one-time registration process
No credit checks
No need to own a bank account – our system opens an instant e-money account and issues a Prepaid Card
Instant payment – no waiting for cheques or transfers to clear
Once activated, the Debit Card** can be used like any normal payment card – including free cash withdrawals from over 42,000 free-to-use ATM machines in the UK
* an e-money account is not the same as a bank account or a deposit account. It is not a savings vehicle, does not pay interest and is not protected by the FSCS.
** The Debit Card is an electronic money product and although it is a product regulated by the Financial Conduct Authority, it is not covered by the Financial Services Compensation Scheme. We ensure that any funds received by you are held in a segregated account so that in the unlikely event that Contis Financial Services Ltd becomes insolvent your funds will be protected against claims made by creditors.