PORTLAND, Ore., April 4, 2022 (GLOBE NEWSWIRE) — PayRange Inc., maker of the leading mobile payment app for automated retail, has added features to accept gift cards and cryptocurrency in-store. In addition, it offers certain users the option to “buy now and pay later” (BNPL) on a date that suits them. Hundreds of store gift cards are supported including Target, Starbucks, Walmart, Home Depot, Lowes, Apple, etc. To pay with cryptocurrency, users can log into their Coinbase account in the PayRange app and fund with Bitcoin, Ethereum, etc.
These new funding options complement the other methods already available in the PayRange app such as credit and debit cards, Apple Pay, Google Pay, campus cards, EBT and connecting to hundreds of banks such as Chase, Bank of America, Wells Fargo. , and US Bank. New financing options are automatically included in the PayRange service at no additional cost to the machine owner, and no updates are required on the machine. Operators are paid normally when transactions occur and bear no consumer reimbursement risk for the BNPL function.
“By adding more funding sources to the PayRange app, not only are we giving consumers more choice and the freedom to pay how they want, but we are also increasing revenue for machine owners by breaking through the payment barrier that limits sales,” said Paresh Patel, founder and CEO of PayRange. “The ability of consumers to make payments at machines has always limited sales and is a source of great frustration for consumers.”
While card readers on machines have become more readily available, they solve the problems of the previous decade rather than solving the current and future needs of the current generation. With the PayRange app, the consumer is now able to pay the way they want, unlocking new sales for the machine owner that would otherwise have been lost. Additionally, machine owners future-proof their business because new payment options can be added without having to reinvest in hardware or other machine upgrades.
PayRange is a mobile payment network for regular consumer purchases. Technology helps businesses grow by giving consumers the freedom to buy what they want, without being limited by the amount of change they have in their pockets. PayRange is committed to ensuring that no business is left behind in the digital commerce revolution. The Pacific Northwest-based company operates its network of more than 500,000 machines in 350 cities and towns across North America and has millions of users. https://www.payrange.com
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