Two phones exchanging a payment — one displaying a secure code, one scanning it

Take a Payment Face to Face. Without a Card Machine.

Your customer is standing in front of you. Show them a secure code on your phone, they approve it in their own banking app, and the money is in your account the same day. No terminal, no card details, no card network taking a cut.

No card machine
No terminal rental
No card details to store
No chargebacks

Three Taps at the Counter

01

You Enter the Amount

On your own phone or tablet. Whatever you already carry.

02

They Scan and Approve

Your customer confirms it inside their own banking app.

03

The Money Arrives

Straight into your business account.

Card Machines Cost More Than the Rate You Were Quoted

1.42%Average cost of accepting cardacross statements we've analysed
0.58%TransactIQ Pay by BankTypical Pay by Bank transaction rates
£2,105Typical annual savingfor a £250k/yr business
3.7xGap between the cheapest and dearest business we've analysed0.70% to 2.64%

One business we analysed had 47% of its card bill hidden in a surcharge on page four of its statement. Another was paying £1,197.60 a year to rent terminals that processed nothing.

Based on UK merchant statements analysed by TransactIQ, at a £250 average transaction value and £250,000 annual card turnover. Card figures are total cost of card acceptance including surcharges, authorisation and fixed monthly fees. Your own saving depends on your card mix, average transaction value and acquirer agreement.

Face to Face Doesn't Have to Cost More

Card terminals carry rental, PCI charges and a percentage of every sale. One business we analysed was paying £1,197.60 a year to rent terminals that processed nothing at all.

See where card costs really hide

See It at Your Own Counter

Tell us how you take payments today and we'll show you how Pay by Bank would work in your business. No obligation, and no card statement needed.

We'll be in touch within one working day.

TransactIQ

Powered by Key IVR

Smarter Payments. Lower Fees.

Compliance

Payments made via Open Banking.

TransactIQ is a trading name of Key IVR Ltd. Open Banking is a regulated framework overseen by the Financial Conduct Authority. Your data is protected under UK GDPR.

© 2026 TransactIQ / Key IVR Ltd. All rights reserved.

Open Banking · Bank-Grade Security