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PayPoint has increased the commission rate on its SIM cards by 25%.

The increase means the rate has risen by 75% since 2015.

Retailers can order SIMs for free, “meaning a huge potential for profit in participating stores”, said PayPoint.

“I am delighted to announce a further increase to our SIM commission rates,” said PayPoint commercial director Lewis Alcraft.

“PayPoint has developed a strong relationship with all of the UK’s most popular networks such as O2, EE, Vodafone and Three, as well as recently adding Giffgaff, which means that our retailers are able to offer great value to their customers and enhance their earning potential.”

PayPoint has paid out more than £1m in SIM commission to retailers in the past year.

Retailers who currently offer PayPoint SIMs will see the improved rates from August on their invoices and from September in their bank accounts.