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April 25, 2012 05:30 pm GMT
PayNearMe, an alternative payments product that provides a compelling way for the 'unbanked' to use cash payments for online goods, is debuting its first mobile integration today. As you may know, the term "unbanked" refers to consumers who dont 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.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/Sf6Rnrq_uUo/
PayNearMe Takes Cash Payments System Mobile
PayNearMe, an alternative payments product that provides a compelling way for the 'unbanked' to use cash payments for online goods, is debuting its first mobile integration today. As you may know, the term "unbanked" refers to consumers who dont 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.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/Sf6Rnrq_uUo/
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