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August 30, 2011 03:00 pm GMT

PayNearMe Now Lets You Pay Your Utility Bill At The Local 7-Eleven Store

paynearmePayNearMe, an alternative payments product from the company formerly known as Kwedit, provides a compelling way for the 'unbanked' to use cash payments for online goods. The "unbanked" refers to consumers who don't have traditional bank accounts or cannot qualify for credit cards. PayNearMe allows people who don't have or don't want to use credit or debit cards to purchase products, pay for bills and more with cash at thousands of 7-Eleven stores in the continental U.S. And today, PayNearMe is announcing it's first implementation of its utility bill product the City of Fairfield, Calif.Here's how PayNearMe works. With participating partners, e-commerce or merchant sites, consumers can use the PayNearMe option to pay for purchases or debts owed. You simply place your order with PayNearMe and print out the given receipt. You then take that receipt into a 7-Eleven and they scan it and you pay in cash. Once you pay, your order with the retailer or merchant will be fulfilled.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/CwMu799obao/

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