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Have you been out shopping and wondered, “why can’t I shop in person the way I shop online?” or “I really wish I had more payment options besides just my card or cash.” Well, good news! CVS is now accepting PayPal and Venmo.
CVS and PayPal already released the news that they were planning on joining forces back in July. It was only a matter of time before we expected this new addition, but with COVID-19 and the need to provide customers with more payment methods that are indeed contactless, it came at a wonderful time.
The way that it works is pretty simple. There’s a QR code that you can use at checkout that will pull the funds from your PayPal or Venmo account balance. Of course, these online sources of payment connect to your personal bank account or to your credit or debit card. It is like any other typical transaction that you can make, but the importance of this is the fact that it is contactless.
Using a QR code means that you will just have to scan the code from your phone. You do not have to make any contact with the clerk or the card reader which helps reduce the spread of the virus. CVS said that since January, they have seen 43% increase of touch-free transactions. Since then, they’ve noticed that more and more people are prone to using their phone to pay for things than their card or cash.
CVS is the first retailer to add PayPal and Venmo to their checkout system, and I’m hoping it will not be the last. Having more contact free methods of payment while shopping is extremely beneficial to us all.
What are your thoughts of CVS’ new payment methods? Let us know down in the comments.
This article originally published on GREY Journal.