Updated:
Aeropay
Aeropay is based in Chicago; the profile covers headquarters, registration, AUM band and key contacts for private-markets fundraising.
Overview
Aeropay is America’s pay by bank network. It makes payments simpler and smarter for the digital economy.
General information
Location
Region
North America
Country
United States
City
Chicago
Corporate office
Chicago, IL, United States
Sector focus
Frequently asked questions
How does Aeropay's pricing model compare to traditional card processing?
Aeropay states its pay-by-bank processing costs are roughly 50% lower than card-based payment methods. The savings result from bypassing interchange fees and card-network assessments, using ACH rails instead. The firm does not publish a public rate card, so specific basis-point comparisons depend on the merchant's existing card-acceptance costs and chosen Aeropay plan.
Who runs Aeropay and what is the firm's operating history?
Aeropay's current website does not identify named executives, founders, or a board of directors. The firm has not publicly disclosed its founding year, ownership structure, or funding history. This makes it impractical for a counterparty to evaluate management track record or governance solely from public materials.
What types of businesses currently use Aeropay?
Aeropay's public testimonials feature daily-fantasy-sports and digital-gaming platforms PrizePicks and Coverd. The firm markets to businesses seeking to lower payment acceptance costs, accelerate settlement, and reduce chargebacks — positioning that appeals broadly to high-volume digital-commerce, gaming, and subscription merchants.
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