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vendingmarketwatch.com Published on September 5, 2018
PORTLAND, OR (September 5, 2018) – PayRange Inc., maker of the leading in-app mobile payment service for automated retail, launches PayRange Air, a service designed for food trucks, concessions, and other similar small ticket merchants for everyday purchases.
While card acceptance is prevalent at everyday merchants, research highlights that 60% of transactions under $10 are still conducted with cash even when card payment options are available, according to the Federal Reserve Bank of San Francisco. Instead of focusing on payments alone, PayRange has developed industry specific software solutions for merchants and integrated payments into that service.
For the quick service industry, the product includes features such as “Order Ready” notifications. After a consumer has paid for an order, it usually takes a few minutes for the order to be prepared. “With PayRange Air, the merchant has a button in the merchant App to send a notification to the consumer when their order is ready,” says Paresh Patel, founder and CEO of PayRange. “This is a high value-add feature, especially since user privacy is maintained as the merchant does not receive the name, phone, or other personal information.”