Euronics: Michael R Peters

Euronics network member Michael R Peters enjoys faster transaction speeds after switching to Worldpay

Euronics is the largest electrical buying group in Europe, with 30 member countries across the continent and 11,000 specialist stores and branches reaching 600 million consumers.

In the U.K., Euronics is formed by a network of “Euronics Agents,” who are local, independent electrical retail specialists. In many cases, they are family-run businesses – some of which have been established for several generations.

One such entity in Bedford is Michael R Peters, a founder member of Euronics, with two shops carrying an extensive range of televisions and home cinema equipment, cookers, washing machines and all domestic appliances – plus it has its own service department with fully qualified engineers.

All products are expertly installed, and the business also specialises in single- and multi-room entertainment systems and offers custom installations.

As managing director of Michael R Peters, Paul Mead is responsible for everything to do with the business including, as he cheerily notes, “cleaning the windows!”

According to Paul, their customers are primarily from the local area and are looking for a one-stop shop that offers sales and installations. “Our shoppers typically like to look at and touch the products in person, accompanied by unbiased and expert advice – which we’ve been reliably offering since 1966.”

Euronics-Worldpay relationship leads to payments processor change

Paul says his business changed from their previous payments processor and started working with Worldpay in Q4 of 2024 for face-to-face, point-of-sale payments processing after the Euronics buying group-Worldpay relationship was initiated.

“As a small business, we’re always looking out for ways to reduce our costs, get paid faster, improve the speed of transactions and be able to speak with an actual person on the end of the phone if we encounter an issue,” explains Paul.

“With Worldpay, we now get paid the next day – at the same time – and much quicker than before,” he continues. “The savings that we have realised with Worldpay are superb, and the few times we have had questions they were answered straight away and the issues were resolved via what I’d describe as good, old-fashioned service.”

Commenting about his Worldpay setup process, Paul says, “It was fantastic – it really could not have been any simpler or smoother. It was literally a ‘plug-and-play’ exercise.”

Other Euronics members encouraged to use Worldpay

In summation, Paul says, “We must congratulate Euronics and Worldpay about this wonderful relationship. As we’re all one big Euronics family, it really is a ‘no brainer’ for all of our members to jump on board and make the change to Worldpay to take advantage of all the benefits of processing payments with them.”

Worldpay’s franchise and commercial teams bring it all together

According to Steve Scogings, chairman of Euronics, “The dedicated and focused franchise team at Worldpay we partnered with – who are greatly supported by the complementary work being done by the company’s wider team of payments experts across different areas – assessed our business model and were able to remove potential operational frictions. They all worked to align pricing, product and technology to meet those respective requirements across the Euronics brand and network, thereby unlocking seamless deployments for our members.”

Next steps

As your trusted payments partner, Worldpay is on a mission to fuel smarter commerce. Euronics members, click here to request a call from one of our specialists and to learn more how Worldpay can help you take, make and manage payments more effectively.

At a glance

Objective

Partner with a payments processor that can help reduce costs and provide reliable service.

Worldpay solutions

SMB Payments Capabilities

Impact

• Easy setup process
• Faster transaction speeds
• Savings achieved
• Dependable phone support

“It really is a ‘no brainer’ for all of our members to jump on board and make the change to Worldpay to take advantage of all the benefits of processing payments with them.”

Paul Mead, Managing Director, Michael R Peters, Member of Euronics

Note: Not all products, solutions or capabilities mentioned in our client stories are available in all geographic regions. Please consult your relationship manager or customer care (existing customers) or sales (prospects) for more information.