You know payment as we know it is beginning to change when you can pay for your prescription using Venmo or PayPal. In many ways, I’m surprised we weren’t already at that point a year or so ago.
But as a recent TechCrunch report says, PayPal will now let customers use a Paypal or Venmo QR code to check out at over 8,000 CVS Pharmacy locations in the U.S.
According to TechCrunch:
The QR code checkout process itself will pull the funds needed for the purchase from the customer’s existing PayPal or Venmo account balance, bank account, or from a debit or credit card, just as it would if the transaction was taking place online. Venmo users will additionally have the option to utilize their Venmo Rewards.
The transaction does not include any fees, PayPal says. Plus, CVS’ ExtraCare Rewards Program members will still be able to redeem and apply savings using their ExtraCare account when using PayPal’s QR code checkout.
The entire transaction can be touch-free, as it involves QR code scanning as opposed to using a card that has to be swiped or inserted into a terminal or numbers punched into a keypad.
Contactless payments have understandably been popular this year, so it seems like this new partnership has come at a great time — and a good place, since drugstores are likely to see many sick people come to shop for prescriptions and other goods this winter. Anything that can minimize touch-based payment is probably for the best.
TechCrunch says CVS is the first retailer to roll out this QR code checkout option, but they say PayPal has at least ten other retailers like Nike, Bed Bath & Beyond, and other stories in the queue.