The method will help JJ Foodservice to cut operating costs by incurring lower transaction fees compared with traditional card payments. The wholesaler announced it will pass many of these savings on to customers.
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 Foodservice has launched a Pay by Bank promotion, offering ‘significant price drops’ across 66 popular products to encourage customers to switch to the new payment method. The products on offer include cooking oil, warmer for longer chips and walkers crisps.