PayRange Inc., a manufacturer of a mobile payment app for automated retail, has added capabilities to accept store gift cards and cryptocurrencies, according to a press release.
In addition, it is offering select users the ability to “buy now and pay later” 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 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 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.
PayRange was founded by Paresh Patel, an unattended retail veteran, to provide operators and consumers with a simple and secure mobile payment and loyalty solution for laundry, vending, amusement, and other small ticket merchants. PayRange is the North American leader in mobile payments for unattended retail, with over 3 million users and a network of machines throughout 350 cities and towns in the US and Canada. Find out more at www.payrange.com.
