With the new service, consumers will be able to complete transactions using their mobile devices and the new PayNearMe card. Available at more than 6,000 7-Eleven stores across the US, the PayNearMe card is set to enable mobile cash payments in any amount from USD 0,1 to USD 1,000.PayNearMe has also gathered USD 16 million in a funding round in a bid to expand its network of payees as well as add more payment locations.
How it works
To make a payment with a PayNearMe card and a mobile phone, consumers need to provide their mobile number to a business they wish to pay with cash, get a PayNearMe card from their local 7-Eleven store and reply to a text message from PayNearMe with the card’s unique number. To complete the transaction, the customer needs to hand the PayNearMe card and cash to a store associate who completes the transaction.
PayNearMe is accepted across a range of industries, merchants and payment gateways, including Amazon.com, Facebook, Progreso Financiero, PaymentVision, MOL AccessPortal, m-Via, Lexicon Marketing, LLC, Adknowledges Super Rewards, Money to Go and SteelSeries .
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