Overview
This article explains what Beauty Bank is and how it works inside RepeatMD. It’s designed for practice owners, managers, and marketers who want to understand how Beauty Bank drives recurring revenue, increases patient retention, and gives patients flexible spending power through RepeatCash.
Before You Start
Beauty Bank is a membership-based feature that uses RepeatCash.
It can be used on its own or alongside traditional memberships.
Availability depends on your RepeatMD plan tier.
Beauty Bank focuses on stored value, not discounts.
What Is Beauty Bank?
Beauty Bank is a modern membership model that turns monthly patient contributions into RepeatCash, stored value patients can use on treatments when they’re ready.
Instead of relying on discounts or one-time promotions, Beauty Bank helps practices build:
Predictable, recurring income
Larger patient purchases over time
Stronger retention and loyalty
Patients save toward higher-ticket services while maintaining full control over when and how they spend.
How It Works
Patients contribute a set amount each month as part of a membership.
Contributions convert into RepeatCash in the patient’s Wallet.
RepeatCash can be redeemed on eligible treatments in the app.
Patients see their balance and usage in real time.
Practices maintain margins while encouraging repeat visits.
Watch the video to see how Beauty Banks works for you and your patients:
Beauty Bank vs. Traditional Memberships
Feature | Beauty Bank | Traditional Memberships |
Revenue Model | Stored value (RepeatCash) | Fixed monthly services |
Flexibility | Patients choose when and how to spend | Pre-defined services |
Transparency | Real-time balance tracking | Limited visibility |
Usage | Broad treatment eligibility | Restricted to included services |
Patient Behavior | Encourages saving for higher-ticket treatments | Encourages routine visits |
Business Impact | Reduces reliance on discounts | Guarantees recurring revenue |
Many practices choose one model, or run both, based on patient preferences and business goals.
Why It Matters
How Beauty Bank helps your business
Predictable recurring revenue from monthly contributions
Higher transaction values as patients save for premium treatments
Margin protection without deep discounting
Operational simplicity with automated balance tracking
Why patients love it
Easy saving for treatments they want
Full transparency through the app Wallet
Freedom of choice in when and how to redeem
Perceived value through bonuses and member perks
Platform Availability
Plan Tier | Beauty Bank Available? | Notes |
Professional | ✅ Yes | Fully included |
Executive | ✅ Yes | Fully included |
Legacy Platform | ✅ Yes | Available for eligible accounts |
Light | ❌ No | Upgrade required |
Best Practices for Maximizing Beauty Bank
Introduce Beauty Bank during consultations.
Train front desk and providers to explain RepeatCash clearly.
Promote memberships across email, SMS, and in-office signage.
Use bonus RepeatCash to drive sign-ups.
Review RepeatCash reporting to optimize contribution levels.
FAQs
Can patients withdraw or refund RepeatCash?
No. RepeatCash is non-refundable but can be redeemed for eligible treatments.
Can I offer multiple Beauty Bank tiers?
Yes. You can create multiple contribution levels.
Can I control which services RepeatCash can be used on?
Yes. Eligibility is fully configurable.
Do patients see their balance in real time?
Yes. Balances and usage are visible in the app Wallet.
Ready to Launch Your Beauty Bank?
If you’re ready to get started or upgrade an existing program, head to:
How to Set Up & Use Beauty Bank
Need help launching? Email customers@repeatmd.com
Upgrading an existing membership? Email promotions@repeatmd.com