When you are paying with cash, simply request your change on the app or your Shrap card.
Think of Shrap like your coin jar…
But when you want to use the change you have collected, there is no need to bag up coins and take them to the bank. Or pay high fees at a coin-cashing machine. Or ever deal with the coins at all, for that matter.
Conveniently store your change, spend it, or withdraw it to your bank account at any time. Making or receiving a payment on Shrap will ALWAYS be free of charge. Only if you choose to withdraw money to your bank account, there is a transparent, fixed fee of £0.90p to cover the banks' processing fees.
Make payments to shops - or any other Shrap user - totally free of charge. Any payment of up to £10 can be made through the Shrap app, meaning that you can pay for small items without carrying coins or burdening retailers with card transaction fees. Everyone wins.
Did you know that millions are lost every year ‘down the back of the sofa’? By using Shrap you are helping keep currency in circulation, benefitting everyone.
Let us know! Send us the name of the business and we'll try to get in touch.
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Shrap is registered with the Financial Conduct Authority under the Electronic Money Regulations 2011 (Register Number: 900990) for the issuing of electronic money.