CVS Pharmacy Offering Contact-Free PayPal and Venmo Checkout

Press enter to search
Close search
Open Menu

CVS Pharmacy Offering Contact-Free PayPal and Venmo Checkout

11/16/2020

CVS Pharmacy customers can now have a contactless checkout experience using PayPal and Venmo QR codes at 8,200 stand-alone retail locations.

The features, first announced earlier this year, enables customers to securely pay for their items without needing to touch a keypad or sign a receipt; they simply open either the PayPal or Venmo mobile app, click the "Scan" button, and select the “Show to Pay” option.

PayPal customers can pay using stored debit or credit cards, bank accounts, PayPal balance, or PayPal Credit; with Venmo QR codes, customers can pay using their stored debit or credit cards, bank account, Venmo balance or Venmo Credit Card.

Those enrolled in CVS' ExtraCare Rewards Program can also redeem and apply savings using their ExtraCare account when checking out with the tech.

Since January, CVS has seen a 43% increase in touch-free transactions. According to research conducted by Forrester, 11% of the U.S. population reported using a digital payment method for the first time as a result of the pandemic.

"Putting our customer's safety at the forefront of our innovations, we've focused resources on finding new ways to make customers' lives easier and more convenient," said Jon Roberts, executive VP and chief operating officer at CVS Health. "Introducing more digital options, including touch-free payments at the register, is in step with changing consumer preferences."

More on POS

Retail innovation is blazing, even in the midst of the craziest holiday season ever. Nike and Ugg both launched new store concepts this November, while 7‑Eleven and Foot Locker expanded concepts. RIS takes a look at each and gives you the lowdown on the innovation inside.

Companies can lean on technology as a way to prepare for “pent-up” demand and meet customers wherever they may be in their purchasing decision — even without face-to-face interactions.

During this hyper-competitive retail landscape, Ulta Beauty is getting creative in its efforts to build loyal customers, including leveraging digital experiences and experimenting with mobile point-of-sale to develop personalized interactions.