The business will become the first national retailer to integrate PayPal and Venmo QR code technology in its checkout experience.
The retailer will offer the contactless payment option at all of its 8,200 standalone stores across the country. Through PayPal’s partnership with payments technology company InComm, shoppers will be able to securely pay for their items without needing to touch a keypad or sign a receipt.
Using PayPal QR codes, customers can leverage PayPal wallet features in CVS stores, including the ability to 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 rewards. Additionally, PayPal does not charge fees to the customer when paying with the PayPal or Venmo QR codes.
“PayPal and Venmo QR codes offer our customers a secure and touch-free way to complete their purchase with a payment brand they know and trust,” said Jon Roberts, Executive VP and COO, CVS Health. “This reflects our continued focus on innovation and finding new ways to help maintain the safety of our customers and employees.”