JJ Foodservice has introduced a new payment method called Pay by Bank, which offers its customers additional savings.
JJ is working with open banking payment provider, Ecospend, to provide the solution, which initiates a direct bank transfer with prepopulated payment details.
The company stated that the method will help it to cut operating costs by incurring lower transaction fees compared with traditional card payments. It plans to pass on these savings to its customers. Credit / debit card and cash payments will still be accepted.
Eddie Lanham, Chief Finance Officer at JJ Foodservice, said: “In a world where prices and fees keep going up, Pay by Bank offers an easy, secure and cost-effective payment method, which will help us to keep offering great deals at a time when our customers need them the most.”
JJ has launched a Pay by Bank promotion, offering price drops across 66 branded and own-label products to encourage customers to switch to the new payment method. These include £5 off Warmer for Longer Chips, available from £9.99 for 4×2.27kgs and £4 off Walkers Crisps, available for £11.99 for 32×32.5g.
James Hickman, Chief Commercial Officer at Ecospend, commented: “As businesses look to optimise their processes at this time, we are delighted to be partnering with JJ, bringing greater efficiencies and ease of use to their payment services. Pay by Bank capabilities will enable JJ’s customers to process payments in a cost- and time-effective manner, adding to an overall positive experience for all.”
