CVS Pharmacy Offering Contact-Free PayPal and Venmo Checkout
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."