Payments technology company InComm and online billpay platform doxo are partnering this week to enable doxo users to pay bills using cash.
doxo is leveraging InComm’s VanillaDirect retailer network that contains more than 60,000 brick-and-mortar locations including chains such as Dollar General, Family Dollar, and participating 7-Eleven stores.
“Our cash payment network is perfectly aligned with doxo’s vision of empowering consumers to improve their financial lives,” said InComm Payments SVP of Business Development Tim Richardson, adding, “and in this instance providing their users with a simple and convenient experience for making cash payments to household billers in an extensive network of retail locations across the United States.”
To pay their household bills using cash, doxo users select the pay with cash button in the app. Cash-paying users will receive a barcode on their mobile app that they scan at the participating retailer’s point of sale, which will charge them the correct amount for their selected bill. Once the customer pays their bill, the biller receives the payment instantly, just as they would with a credit card, debit card, or checking account payment.
The new billpay method not only helps underbanked consumers, it also benefits the billers. Just over 13% of utility bills in the U.S. are paid using cash, which incur more processing costs than digital payments. The added capability will also give doxo a boost by offering utility companies a greater incentive to join doxo’s network of more than 100,000 billers.
Founded in 2008, doxo offers a mobile app that enables its five million users to manage and pay all of their bills from a single place. The company’s doxoPLUS offering provides credit protection and identity theft protection. doxo also offers late fee protection, a feature made possible thanks to a 2019 partnership with Plaid.
Headquartered in Seattle, Washington, doxo has raised $18.8 million in funding from investors including Sigma Partners, Bezos Expeditions, and Mohr Davidow Ventures. Steve Shivers is CEO.
Funds expertise firm InComm and on-line billpay platform doxo are partnering this week to allow doxo customers to pay payments utilizing money.
doxo is leveraging InComm’s VanillaDirect retailer community that comprises greater than 60,000 brick-and-mortar places together with chains comparable to Greenback Common, Household Greenback, and taking part 7-Eleven shops.
“Our money cost community is completely aligned with doxo’s imaginative and prescient of empowering customers to enhance their monetary lives,” mentioned InComm Funds SVP of Enterprise Improvement Tim Richardson, including, “and on this occasion offering their customers with a easy and handy expertise for making money funds to family billers in an intensive community of retail places throughout the USA.”
To pay their family payments utilizing money, doxo customers choose the pay with money button within the app. Money-paying customers will obtain a barcode on their cell app that they scan on the taking part retailer’s level of sale, which is able to cost them the correct quantity for his or her chosen invoice. As soon as the shopper pays their invoice, the biller receives the cost immediately, simply as they might with a bank card, debit card, or checking account cost.
The brand new billpay methodology not solely helps underbanked customers, it additionally advantages the billers. Simply over 13% of utility payments within the U.S. are paid utilizing money, which incur extra processing prices than digital funds. The added functionality will even give doxo a lift by providing utility corporations a better incentive to hitch doxo’s community of greater than 100,000 billers.
Based in 2008, doxo gives a cell app that allows its 5 million customers to handle and pay all of their payments from a single place. The corporate’s doxoPLUS providing gives credit score safety and identification theft safety. doxo additionally gives late charge safety, a characteristic made attainable due to a 2019 partnership with Plaid.
Headquartered in Seattle, Washington, doxo has raised $18.8 million in funding from traders together with Sigma Companions, Bezos Expeditions, and Mohr Davidow Ventures. Steve Shivers is CEO.