Pauls Cycles is pleased to accept cycle vouchers from any of the providors shown above but if you wish to use one when purchasing one of our greatly reduced sale items there are some conditions which are outlined below
All the above providors are independent companies acting as a middle man between your employer and us, for providing this service to you they take a commission fee from the face value of your voucher, the commission fee taken is 10% with the exception of Halfords Cycle2work who take 15%
This ultimately means that if you have a voucher for £1000, we only receive £900 for the comapnies taking 10% and £850 from Halfords
If you would like to place an order for one of our bikes that is on sale using the Cyclescheme we cannot unfortunately afford to offer our regular discounted price and absorb the additional fee that these providors charge as we would simply lose money. Naturally we are happy to still supply sale items on this scheme as long as our additional costs are covered so to get around this we need to apply an admin fee. When we send you your quotation form via e-mail your items will be 'grossed up' to include the necessary fee - an example of how the fee is applied is shown below
Example for providors taking 10% commission
You place an order for a cycle currently on sale reduced from £800 to £500
We need to multiply the cash price of £500 by 1.11 taking your new total price to £555 - This is the price that will be shown on your quotation and the amount you need to apply for on your voucher
The providor takes 10% from this new total price of £555 as their commission fee
This means the providor actually pay us £500 when we redeem your voucher, all their costs are covered and we receive our normal everyday sale price
Example for providors taking 15% commission (Halfords)
We need to multiply the cash price of £500 by 1.176 taking your new total price to £588 - This is the price that will be shown on your quotation and the amount you need to apply for on your voucher
The providor takes 15% from this new total price of £588 as their commission fee
This means the providor actually pay us £499.80 when we redeem your voucher, all their costs are covered and we receive our normal everyday sale price
It is important to note that Pauls Cycles do not make any extra money on the purchase, the extra fee simply covers the commssion fee that these companies take from us on every purchase that is made through them, the providors are fully aware that we apply this fee when purchasing sale items and are perfectly happy with how it is applied
Please also note that if purchasing a bike at the full RRP, then no admin fee will be applied, as the cycle is not discounted in any way we can absorb the fees charged to us
Bikes over £1000
The maximum that we can quote for is usually £1000 (unless your company has a consumer credit license) and on a sale bike purchase, this would give you a credit of £900 when using any of the providors taking 10% commission or £850 when using Halfords
We are more than happy to accept 'top up' payments from you if the cycle you want to buy is over the £1000 limit but you should ensure that your employer is happy for you to do this as should you leave your current employment there could be a conflict of ownership
Your top up payment is not subject to any additional charges, the commission fee is only taken from the face value of your voucherHow do I place an order for my Cyclescheme bike?
- Simply place the items you require in your basket and proceed to our checkout.
- Select Option 4 as your checkout method (it is identified as the picture shown here)
This option requires no payment details to be entered at this time
- Enter your name and address details in the spaces provided.
- In the 'Additional Comments About Your Delivery/Order' box you must state that you are using the Cyclescheme as your method of purchase and supply your employers name in this box (see example below)
- Continue through the checkout to log your order with us, an order number will be generated and you should use this as your reference should you need to contact us
What happens next?
Once we have received your order, you will receive an automated confirmation of receipt of your order showing only the cash prices for your chosen items
We will then send you your unique Cyclescheme quotation form (see picture below right) via e-mail
Your Cyclescheme quotation will look like this and will be emailed to you - This is what you need to give to your employer
Your tailored Cyclescheme quotation will be sent typically within 24 hours and show your employers details, e-mail address and the costs of your chosen items including any fees that may need to be applied when purchasing sale items.
Your employer will then contact the Cyclescheme / Bike2work.co.uk to arrange the necessary deductions from your salary.
Cyclescheme / Bike2work.co.uk will then issue your employer with your voucher for the agreed amount, once you have received the voucher, you need to sign and date it where indicated - please do not fill in anything more than this. You will then need to forward the voucher to us at our shop address along with a copy of a picture id such as a drivers licence as proof of your identity, if you should receive an e voucher we need you to send it to us via email to; email@example.com
If we have not received your voucher after 14 days, your items will be returned to stock and placed on sale again
If your voucher is received after this period and the items you originally ordered are no longer available, you may still use the voucher for any other bike covered by your voucher price limit
As with most sale items, there is usually a very limited quantity available, your order will reserve stock of your chosen items for a MAXIMUM of 14 days from point of order - This time will allow for you to present your employer with our quotation and for you to send us your Cyclescheme voucher through the post
No exceptions will be made to our 14 day hold period, we do not accept deposits for such items and we are unable to take full payment for the bike and then refund on production of a Cyclescheme voucher
Please be aware that we can only fulfil the 6 week free service on store collection bikes