PayPoint and Yodel announce new Collect+ arrangement
PayPoint and Yodel have agreed a new arrangement which will open up the Collect+ network to other carriers. In a statement issued today (16 December), PayPoint said: “PayPoint and Yodel will retain 50:50 ownership of the brand through their new joint venture company Collect+ Brand Limited, which has licensed the use of the Collect+ brand to both Yodel and PayPoint and will receive royalties from PayPoint and Yodel for each parcel they introduce.
“Yodel will take responsibility for the operations and contracts and as a consequence, PayPoint will no longer bear the impact of logistics cost increases.”
Importantly, PayPoint said that the now arrangement means that it will be “free for the first time” to utilise its convenience retail network to “sign agreements with other parcel carriers and to open Collect+ access to other carriers, under licence”.
In recognition of PayPoint’s rights to extend network access to other carriers, PayPoint has committed to a progressive reduction in its charges over a two year period.
Dominic Taylor, Chief Executive said: “We are pleased to have reached agreement over the new arrangements with Yodel with respect to Collect+. Both companies remain absolutely focused on growing Collect+ as the premier parcels click and collect returns network.
“The new arrangements allow us to focus on our service offering and cost optimisation and for the first time, to open Collect+ access to other carriers.
“We also believe that this is good news for consumers as we develop a single network open to all, where eventually consumers can collect and return all their parcels, however carried, at the same convenience store.”