PayRange Inc. – a mobile payment company for automated retail, including laundromats – has added capabilities to accept store gift cards and cryptocurrencies through its app. In addition, the company is offering select users the ability to “buy now and pay later” (BNPL) on a date convenient for the user.
Hundreds of store gift cards are supported, such as Target, Starbucks, Walmart, Home Depot, Lowes and Apple. To pay with cryptocurrency, users can sign into their Coinbase accounts 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 like Chase, Bank of America, Wells Fargo and US Bank. The new options are included automatically in the PayRange service at no additional cost to the machine owner, and no updates are required at the machine.
“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. “Consumers’ ability to make payment to machines has always limited sales and are a source of great consumer frustration.”
