Introduction:

PayNearMe was initially known as Kwedit and is one of the more recent ewallets that was established in 2009 by Danny Shader. The company was formed to enable individuals who did not have a debit or credit card to make purchases online by using their network.

The PayNearMe services work on a simple premise that users can purchase online goods and services that accept PayNearMe and pay for them at a different location with cash. When users purchase online goods and services at stores that accept PayNearMe, a PayNearMe code will be generated which the user then needs to submit at any one of the PayNearMe network stores and pay cash for the same. When the PayNearMe code is scanned and the cash is cleared, the transaction is then complete.

There are some online casinos that accept PayNearMe which enable players who do not have a debit or credit card to still play their favorite online casino games and pay later using their PayNearMe code which is generated by the online casino.

Benefits

✓  No Debit or Credit Cards: While the majority of individuals possess either a debit or credit card, the FDIC states that more than 10 million households in the United States do not have a bank account and nearly 24 million have limited banking facilities. PayNearMe services are very handy for individuals who fall into this category as it enables them to buy goods and services, play their favorite online casino games without having to rely on a debit or credit card.

✓  Multiple Locations: PayNearMe has entered into partnerships with 7-Eleven stores and the Dollar Store making it easy for PayNearMe users to walk into any of these stores, show their PayNearMe code and complete their transactions. There are more than 50,000 7-Eleven stores spread throughout the United States and the PayNearMe website and mobile app provide users with a search feature to help them locate their nearest PayNearMe store.

✓  Mobile App: PayNearMe has developed an innovative mobile app that is compatible with both iOS and Android mobile platforms. The mobile app provides users with step by step instructions on how they should generate their payment code, how to find a store to complete their payment and also to receive confirmation receipts when their transaction is processed and completed.

✓  Payment Charges: PayNearMe clearly specifies its charge in its mobile application so users can be aware of how much they will be charged for each PayNearMe transaction. The fee changes based on the provider but close to 70 percent of all providers charge around $1.99 as a payment fee. Dollar transactions that are of high value will be charged around $2 to $4.

Summary

PayNearMe helps users who do not have debit and credit cards to play at online casinos, buy goods and services from online websites and then pay cash for it later at specified stores.