Yorcard Travel Money is a convenient way for passengers to pay for travel. The passenger pre-loads Travel Money on his smart card in exchange for his "real" money (cash or credit card). Once he has put money on the card, he can only use it to buy tickets on a bus. The benefits to you of accepting Yorcard Travel Money are:
Your passengers will be able to top up their smartcards with Yorcard Travel Money at home over the internet using USB smartcard readers, wherever they are using an NFC smartphone, in Payzone outlets or in travel shops. If your passenger registers his card, he will be able to see a record of his recent travel and the balance on the smartcard can be transferred to a new card if he loses the original. Your passengers are still able to travel anonymously, if they prefer.
If you are already a Yorcard Liberica or Robusta customer all you have to do is configure your ticket machine to:
If you are not a Liberica customer but accept Yorcard Travel Money through a Multi-operator Ticketing Organisation (MTO) there is not much more work to do.
If you are not a customer or MTO member contact Yorcard and we will advise you on the best way forward.
In addition to accepting Yorcard Travel Money in exchange for travel you will need to accept cash to top up Yorcard Travel Money on a passenger's smartcard. If a customer gives you £10 you will add £10 of Yorcard Travel Money to the passenger's smartcard.
Once a week, Yorcard will send you a statement which shows you the amount of money you have taken for Yorcard Travel Money, and the value of the tickets you have "sold" using Yorcard Travel Money. It will also show you the fees that you owe (see below). The statement will also clearly show you the amount you are due from the Yorcard Travel Money "pot" or the amount you owe to the "pot". The money will be paid to you (or will be due from you) 7 days after the date of the statement.
Yorcard will put in place measures which will ensure that new entrants into the Yorcard Travel Money scheme don't have their cash position impacted by time required to settle accounts.
There are two basic fees, the payment charge percentage (pcp) and the transaction charge.