Pay by bank · for loyalty retailers

Own the payment.
Keep the customer.

Your shoppers already enroll, link their phone, and clip offers in your app. BioePay lets them pay straight from their bank with a phone number and a PIN — no card networks, no interchange, and the customer stays yours.

Pay by bank at the register — not a banking-app transfer. Your shopper pays in the lane, the way they'd use a card.

Shopper pays
$52.36
Interchange tax
– $0.94
You net
$51.42

On a card payment, the networks take an interchange tax on every swipe — and the issuing bank, not you, owns the customer. Tap “Pay by bank.”

Illustrative: average U.S. card interchange runs ≈ 1.8% + fixed fee on an in-person sale (Nilson / Visa & Mastercard published supermarket rates, 2025–26). Debit is lower; premium rewards credit is higher.

The shift

Americans always preferred paying from the bank.

Paper checks were king, and they carried no interchange. Then the card was laid on top of the same bank account — and a tax was attached to every swipe. The rail never changed. The toll-collector did.

01 · Then

The check

A payment drawn straight from the checking account. Free to accept, no network in the middle.

02 · The catch

The check/debit card

The same bank payment, wrapped in a card — so banks could levy a tax on every swipe and sell the float back as overdraft protection.

03 · Now

Pay by bank, reclaimed

BioePay puts the bank payment back in your app — the good part of the check, without the card tax, and the customer stays yours.

The model is proven

Shoppers will move to a bank-linked payment — for a reason.

20years running
One major retailer has funded 5% off, for two decades, by moving shoppers onto its own bank-linked payment — not to shave a few cents of interchange, but to own the customer and steer the spend onto a rail it controls. The most durable loyalty mechanic in retail is an ownership play. BioePay hands you that mechanic without the bank and the card network in the middle.
Where to next

See how it fits your business.

Two ways to go deeper: the mechanics of enrollment and checkout, or the full business case against every other model.