LevelUp is offering users a monthly cash back bonus for linking a debit card as a funding source for its mobile payment app.
In a promotional email to customers, SCVGNR, the company behind LevelUp, says merchants save on processing fees when consumers link a debit card, which makes the cash-back offer economically viable.
LevelUp offers two pricing options for merchants: a flat 2% fee or a pay-for-performance fee of 25% for redeemed offers. LevelUp introduced the 2% fee last year after offering a version of its pay-for-performance model as its only pricing option for about a year.
LevelUp allows consumers to make mobile payments from a linked card account by displaying a QR code at the point of sale.