Sign up to take Bristol Pounds
It's good for business
Bristol Pound keeps our money circulating locally.
From customer to business and from business to business - which is great for our city and minimises the money that leaks out to credit card companies, outside suppliers, and big banks. Wealth is maintained in our city, building and enriching our local economy.
"It’s been good for our business in many ways. We benefit from a committed set of locals who like to spend often in £B. These are customers we’ve gained initially because we accept £B, who have then become regular, usually visiting weekly using text to pay or now the app. We’ve also had a lot of great cross promotion from the £B team on social media and in the directory."
John Drysdale @ Little Victories
How does it work?
The way Bristol Pound works is simple: it amplifies your brand by listing your business on the Bristol Pound app, website, in paper maps and directories. By working to market your brand to over 1500 individual account holders, it brings loyal and new customers to your business, clutching the beautiful paper notes and using the app, because they want to spend in line with their values.
By taking it, you’re joining a 700 strong business family who are working to create a resilient local economy, that’s good for Bristol.
"The accounting side of the process is simple, and I can pay suppliers easily with just a couple of clicks. I love the concept of keeping money circulating in the city by local people and businesses trading together."
Emily Sinclair @ Craftisan Shop
- Free entry in the printed directory
- Promotion to on our social feeds – 23k followers across our channels.
- Free Point of Sale material to let your customers know you accept Bristol Pounds
- Online banking facilities with innovative payment systems
- Video training materials for staff
- Personal support on how to use the payment system and spend on Bristol Pounds
- Lobbying support for small businesses with the council (BCC spends 39% of budget locally and commit to spending 100% of Bristol Pound revenues)
How much will it cost and where can I spend?
The standard transaction fee is 2%, with a minimum charge of 10p, on all app and text to pay transactions. Online transactions are lower at 1.5% with an upper limit of £5. There are no fees for banking cash (like with Sterling). Unlike the fees you pay with Worldpay and others that give you nothing in return; Bristol Pound fees help support the local economy and help you to market your business.
Over 700 businesses in and around the city accept Bristol Pounds, including cleaning, logistics, marketing, and printing companies, so there are sure to be some options for spending your income. Bristol City Council also accept Bristol Pounds as payment for Business Rates, Market Rents and Council Tax, so you may have the option to spend on here.
Join as a business
To open a Bristol Pound account your business must be eligible, as follows:
- Based in Bristol in or around Bristol (former Avon area) OR supply goods or services to the value of £1000 a year to the Bristol economy
- Committed to supporting the values of the scheme
When you sign up to take Bristol Pounds, you need to open an account with Bristol Credit Union, our banking partner. To accept text to pay and app payments, you will need a basic mobile phone at your checkout. Receipts for payments will be texted to this phone so you will know straightaway that they have gone through.
The below form will register your interest in opening and account and will mail a set of application forms for a Bristol Credit Union account to your inbox. These will need to be completed and sent with the accompanying proof of identity documents to Bristol Credit Union.
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