As stores continue to make touchless, digital payments more convenient for shoppers in the wake of the coronavirus, CVS has announced customers may use PayPal and Venmo at checkout.
This opens up some seriously cool options for shoppers to save even more money at CVS.
Here’s what you need to know:
Shoppers will scan a QR code to pay with Venmo & PayPal at checkout.
By scanning the QR code at the register, customers at CVS will be able to pay using their PayPal or Venmo accounts.
It’s unclear whether CVS will be using a system that automatically charges you the amount totaled by the cashier, or whether users will have to input the total — but either way, the payments will be instant, free, and by all accounts, fast.
CVS will roll out PayPal & Venmo payments by the end of the year.
Stores have started introducing the new payment option, but CVS promises all stores will have PayPal and Venmo functionality by the end of 2020.
CVS and PayPal have signed a multi-year deal, so this is going to be a new normal at checkout for the foreseeable future.
Venmo customers will be able to earn and use Rewards points.
Venmo — which is owned by PayPal — has a branded debit card (similar to Target’s RedCard), where customers can earn cash back on purchases with select merchants. (And PayPal lets you cash in rewards from your points-accumulating credit cards.)
The best part? Shoppers will be able to pay for their CVS purchases using their accumulated Venmo Rewards — all while earning CVS ExtraBucks and new Venmo Rewards.
(Find all current Venmo Rewards offers in the Venmo Card section of the app.)
PayPal is testing this at Walmart, too.
Earlier this year, PayPal began pilot testing payments at Walmart locations in Canada. There’s been no announcement about implementing this in U.S. stores, but with CVS signing the multi-year deal, there’s good reason to be optimistic.