10 Reasons to Switch Your Spending to Totnes Pound

10 Reasons to Switch Your Spending to Totnes Pound

1. Support local businesses

The Totnes Pound helps to support a circular economy, keeping money in the local area and encouraging it to keep moving around. We work with local businesses to find local suppliers and new customers in order to strengthen this circle. 

2. Unique Totnes identity

The Totnes Pound has been created by local people, for local people. Our working group includes local traders and businesspeople who have used their experience to create an alternative currency that works for Totnes. 

3. Be part of a new money system

By using Totnes Pounds you are returning money to its original purpose; a system for exchanging good and services. Totnes Pounds cannot be hidden in offshore bank accounts, they will continue to circulate amongst local businesses and shoppers. We also have plans to link up with other local independent currencies to form larger more resilient networks.

4. Quick and simple PAY-BY-TEXT

All you need to pay with electronic Totnes Pounds is a mobile phone, so even if you forget your cards or cash you will still have a way to pay.

5. Test out new technology

The electronic Totnes Pound uses a cutting edge Pay By Text system which is evolving very quickly. This is your chance to try out an exciting new transaction system before almost anyone else in the country.

6. Fun and colourful paper money

The focus may be on our new electronic system, but we haven’t forgotten about our beautiful Totnes Pound notes. 

7. Earn reward points

Every time you spend electronic Totnes Pounds you earn 1% back. Either save up your reward points and turn them into Totnes Pounds, or donate them to a local charity.

8. Keep track of your spending

Do you want more of your weekly shopping budget to go to local businesses? By setting up a direct debit into your Totnes pound account you will know exactly how much money you are spending in the local economy.

9. Special discounts

Many of the businesses who take Totnes Pounds also offer special discounts.

10. Online shopping

We recently upgraded our website to include an online shopping facility, and we will be expanding this offering with more ways for local traders to sell their products of services. Keep checking the website for more details coming soon. 

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