With assistance from Gilbarco Vender-Root, a leading retail and commercial fueling servicer, PayPal may soon be an alternative to the traditional credit card terminal at your local gas station.
The online credit card processing giant is hoping to make its services more mobile and enable drivers to use it for fill-ups according to PYMNTS?.com. PayPal officials believe that this arrangement will be a good deal not just for them, but for the stations that enable the service. In light of new alternatives to paying in-store, many gas vendors have seen decreased sales on items sold inside, which has hurt their revenues according to Kareem Al-Bassam, director of business development for point-of-service at PayPal.
“By leveraging PayPal and leveraging mobility, we see that these merchants will be able to sell more – sell the car? wash, as an example, on the app, or sell products that are sitting in the forecourt that a consumer can grab-and-go with,” Al-Bassam told PYMNTS. “That helps merchant businesses by increasing their margin, and fuel is a notoriously low-margin vertical.”
A recent comScore survey found that PayPal is the most popular digital wallet, with 48 percent of respondents who were aware of the online credit card processing tool actually using it. This figure dwarfed those of similar technologies, with runner-up Google Wallet’s adoption rate at only 8 percent.Back To Blog