Soon, CVS pharmacies are going to let you use contactless payments using Venmo or PayPal by way of a QR code system of payment. The new system will allow shoppers to ‘securely pay for their items without needing to touch a keypad or sign a receipt.’ according to the company.
PayPal has a wide array of payment types that it already supports, including but not limited to credit and debit cards, bank accounts, and of course your PayPal balance itself. On Venmo’s (a Paypal company) platform ‘customers can pay using their stored debit or credit cards, bank account, Venmo balance or Venmo rewards’ without incurring any fees.
In-store #QRCode integration enables safer, #TouchFree transactions. Our just-announced partnership with @PayPal and @Venmo will introduce touch free QR code payment #technology in @cvspharmacy stores this year. Read all about it: https://t.co/1q1b4lFO9R #Touchless #Contactles pic.twitter.com/RsExlWzwFy— InComm (@InComm) July 30, 2020
When you want to pay, all you have to do is use the Venmo or Paypal app to scan the QR code at the CVS checkout. Once you enter your amount that’s due, all you have to do is press send, and thats it! The system will then generate a confirmation, which is then
confirmed by the cashier.
The company has been supporting QR code payments for quite a while, now, but only on a small scale. PayPal mentioned recently that they were gonna waive transaction fees seller for small to medium businesses until September 30th because of the coronavirus situation. That more than likely won’t be the case regarding CVS and other big companies, though, because the company has partnered ‘InComm,’ which is a 3rd-party online payment company.
Featured Image Credit: [Unsplash/Markus Winkler]