PayRange Inc., maker of the leading mobile payment app for automated retail, has added capabilities to accept store gift cards and cryptocurrencies. In addition, it is offering select users the ability to “buy now and pay later” (BNPL) on a date that is convenient for the user. Hundreds of store gift cards are supported including Target, Starbucks, Walmart, Home Depot, Lowes, Apple, and more. To pay with cryptocurrency, users can sign into their Coinbase account within the PayRange App and fund with Bitcoin, Ethereum, and more.
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 sign-in to hundreds of banks such as Chase, Bank of America, Wells Fargo, and US Bank. The new funding options are included automatically in the PayRange service at no additional cost to the machine owner, and no updates are required at the machine. Operators are paid normally when the transactions occur and assume no consumer repayment risk for the BNPL feature.
“By adding more funding sources in the PayRange App, not only do we provide consumers with increased choices and the freedom to pay how they want to pay, but we also increase revenue for machine owners by breaking through the payment barrier that limits sales,” said Paresh Patel, founder and CEO of PayRange.
