“No Credit Card? No problem you can now buy online and pay offline with cash” this is the punch line on the official website of the PayNearMe, which is an alternative payments product from the company formerly known as Kwedit (Kwedit is a website that helps people without credit or debit cards to purchase virtual goods online. ). PayNearMe has already signed up a number of high-profile merchants and is launching today to the public, the merchants include Amazon.com, Progreso Financiero, MOL AccessPortal (MOL), m-Via, Lexicon Marketing, LLC, Adknowledge’s Super Rewards, Money to Go and SteelSeries.
PayNearMe allows people who don’t have or don’t want to use credit or debit cards to purchase products with cash at more than 6,000 7-Eleven stores (7-Eleven is part of an international chain of convenience stores, operating under Seven-Eleven Japan Co. Ltd, which in turn is owned by Seven & I Holdings Co. of Japan. Operating primarily as a franchise, it is the largest chain store with more than 38,000 outlets operating around the world, surpassing the previous record-holder McDonald’s Corporation in 2007 by approximately 1,000 retail stores. The US subsidiary of the Japanese firm has its headquarters in the One Arts Plaza building in Downtown Dallas, Texas. Its stores are located in eighteen countries, with its largest markets being Japan, the United States, Canada, the Philippines, Hong Kong,) in the continental U.S. On participating e-commerce or merchant sites, consumers can use the PayNearMe option to pay for e-commerce purchases, telephone orders, loan repayments, money transfers and more. 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.
For 7-Eleven, PayNearMe is integrated with the convenience store’s point of sale and will notify payees in real-time when their consumer has paid. Merchants can also instruct PayNearMe to print custom messages on consumers’ register receipts, which can be used to print gift codes, tickets, proof of insurance, loan statements, legal disclosures, and more.
“7-Eleven views PayNearMe as an opportunity to provide even more convenience for shoppers because consumers can now easily purchase online products without the need of a debit or credit card. We want 7-Eleven to be the neighborhood destination for people who prefer or need to pay in cash and to provide all consumers with the same shopping choices no matter how they wish to pay for goods and services.”-said Jesus Delgado-Jenkins, Senior vice president for merchandising and logistics, 7-Eleven
The idea of going to a 7-eleven store and paying cash for things that you had bought online may sound a little strange but the pros of the same are really worth noting. As mostly happens, people who use credit cards tend to overspend on things that are not required and regret later since this feature helps you keep a limit on your spending hence you will never overspend (even if you want to !). Also, the ability of PayNearMe’s portal to print customized messages could make it ideal to sell transportation tickets, insurance products or even initiate money transfers without a doubt.
So there you have it guys get yourself registered for this newest payment method on its official site by clicking on the link HERE.