PayNearMe Facilitates Cash Payments for E-Commerce via Mobile

Dec. 2, 2010

PayNearMe, a Mountain View, Calif.-based service that enables cash payments for Internet purchases, recently announced a mobile option. Using only their mobile phones and a PayNearMe Card they can get for free at 7-Eleven, consumers can complete transactions with a list of payees that includes and Facebook. To complete a CNP payment with a mobile phone, consumers provide their phone number to a participating business they wish to pay with cash. At a local 7-Eleven they obtain a PayNearMe card, reply to a text message from PayNearMe with the card’s unique number and hand the card and cash to a clerk who completes the transaction immediately. The company takes pains to differentiate the PayNearMe card from a gift or prepaid card, noting there is no value stored on it, just a number that facilitates a transaction via mobile device. “By creating mobile cash payments with the free PayNearMe Card, we’re making it even easier for consumers to make payments with cash,” said Danny Shader, CEO of PayNearMe. “Now, businesses that accept PayNearMe can serve the large and growing population of consumers who prefer cash and want to use their mobile phones.” In addition to Amazon and Facebook, PayNearMe is accepted by merchants and payment gateways that include Progreso Financiero, PaymentVision, MOL AccessPortal, m-Via, Lexicon Marketing, LLC, Adknowledge’s Super Rewards, Money to Go and SteelSeries.