Cashless payments to come into effect for scrap metal

Client PR, Henry Orchard and Sons / No Comments

An award-winning scrap metal dealer in St Austell will become one of the first in the country to offer payments to customers electronically.

Henry Orchard and Sons, which is based near the Eden Project, is leading the way ahead of new Government regulation, which comes into effect on Friday, December 7.

The amendment to the 1964 Scrap Metal Act means it will be illegal for dealers to pay for scrap in cash.

The move has been lead by the Government in a bid to fight the back market in scrap that is costing the UK economy £1bn per year.

Henry Orchard and Sons’ managing director, Henry Orchard, said: “Over the last 18 months we’ve worked hard to be ahead of the legislation changes as we feel it is important to crack down on the black market in scrap.

“We’ve invested significantly in bespoke, state-of-the-art software. Now the next step is to make cashless payments via cheque or straight into people’s bank accounts via their debit card.”

Figures from the scrap metal industry show that the company, which was established in 1947 by Henry’s grandfather, will be one of only 30 percent of dealers in the country offering electronic payment.

Henry said: “Cash has always been king in the scrap industry, but that has made it easy for people to sell stolen metal in an untraceable way.

“We’re doing everything we can to stop this as it has a huge impact. We hear stories of vital operations being cancelled as hospital generators have been stolen, or even war memories going missing.”

To highlight the growing issue Henry recently invited St Austell MP, Stephen Gilbert, to the site.

For more information on Henry Orchard and Sons – St Austell please contact 01726 850507 or visit www.henryorchardandsons.com.

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