Coming Soon: Paying For Gas Using PayPal
What’s the Latest Development?
Drivers may soon start seeing “Pay by PayPal” as an option at their local gas pump, thanks to a collaboration announced today between the online payments site and Gilbarco Veeder-Root, a company that provides gas station checkout software to 19 of the US’ top 20 convenience store operators. Over 30,000 point-of-sale (POS) systems have been installed across North America that, as of right now, “will have users paying for their purchases either via QR code, or by entering in their fueling position into a mobile application.”
What’s the Big Idea?
The Gilbarco announcement comes on the heels of last month’s deal involving PayPal and POS system developer NCR. That partnership has as its primary focus the restaurant and hospitality sector, but also involves technology solutions for gas stations and convenience stores. With additional partnerships with major retail chains such as JC Penney, Toys “R” Us, and others, PayPal hopes to go beyond online payments and into real-world mobile payments. The Gilbarco collaboration “has the potential to put us into thousands of locations,” says PayPal vice president Don Kingsborough.
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