In today’s age of rapid online transactions, the younger generation of consumers is accustomed to making quick and easy payments when shopping online or sending money to friends or family. Consumers now expect the same level of convenience for all their online payment interactions. With an emphasis on enhancing payment experience and customer satisfaction, PayNearMe is rethinking online payments.
Transforming Online Payments with PayNearMe
PayNearMe specializes in developing state-of-the-art technology that drives better payment experiences for businesses and their customers. The platform is modern, flexible, and reliable. It helps businesses increase customer engagement, improve operational efficiency and drive down the total cost of accepting and managing payments. With its offering of major payment types along with secure channels in a single platform, PayNearMe’s technology provides a simple means for lenders to collect payments. It also ensures a consistent customer experience with additional features such as payment reminders and mobile wallet integration.
PayNearMe’s in-built Integration with PayPal and Venmo
The popular and dependable US-based payment platform has recently announced the availability of the integrated payment option for both its bill pay and MoneyLine™ products. PayPal and Venmo were added to the platform in the US to enable quick and effective payments.
PayNearMe is taking online transactions to the next level by allowing consumers to pay their bills in the same way they make e-commerce payments.
PayPal is rapidly becoming one of the most widely used payment methods for non-commerce transactions, with over 400 million active accounts. According to PayNearMe’s recent study, 43% of consumers from the US consider the convenience of using PayPal to pay bills as very important. The same study also revealed that more than 1 in 4 consumers, which is 27%, prefer Venmo to pay their bills. 35% of Gen Z and millennial consumers prefer to use Venmo to pay their bills and are responsible for driving the popularity of the app to unprecedented heights.
According to John Minor, senior vice president, product and support for PayNearMe, “Consumer adoption of PayPal and Venmo has grown exponentially since the beginning of 2020, and we expect it to become one of the fastest growing payment types for bill pay and other non-commerce transactions. By adding PayPal and Venmo to our platform, PayNearMe clients across vertical markets can quickly and easily begin accepting these popular payment types, which will go a long way toward satisfying customers’ expectations.”
PayNearMe partners with thousands of companies in sectors like consumer finance, real estate, healthcare, energy and municipality, iGaming, and sports gambling to handle the end-to-end customer payment process. It is a popularly accepted payment method by major retailers like Walmart and Walgreens, as well as several renowned US casinos like BetMGM and FanDuel Casino. These new digital wallet payment types allow customers more choices for convenient and frictionless payments.
Benefits of In-built Integration:
PayNearMe’s integration with PayPal and Venmo has changed the very fabric of online transactions by working out of the box. It comes with immense benefits such as:
- It does not require third-party apps or plugins.
- All your transactions are saved to a single ledger.
- You can execute transactions with a single click.
- Frictionless payments and improved customer experience.
- It offers a secure and simple user experience.
Easy Steps to Make Payments
Making payments has never been this easy. Here are the steps required for quick and efficient transactions via PayNearMe
- Select PayPal or Venmo as your payment option.
- Confirm the amount and select Pay.
- Authenticate directly inside PayPal or Venmo logins.
- Pay with your wallet balance or an existing card or bank account.
- Receive instant receipt and SMS confirmation.