The latest example of the blending of offline and online worlds is Kwedit, a new payment service in the United States that enables consumers over the age of 13 to make cash payments for their online purchases at participating offline retail stores, reports trendspotter Springwise.
Launched in February, Kwedit offers two payment models: Kwedit Direct and Kwedit Promise. Kwedit Direct users print a payment slip after making an online purchase or have a corresponding barcode sent to their mobile phone, and take either one to a Kwedit retail partner to make payment.
They can also mail cash or ask someone to pay on their behalf through a social payment network called Pass the Duck. Kwedit Promise enables consumers to receive digital content and virtual goods immediately in exchange for a promise to pay later, using Kwedit Direct.
Kwedit issues users with a “Kwedit Score” which measures how reliably they pay when using Kwedit. The higher the user’s Kwedit Score, the more they can spend using Kwedit Promise.
Kwedit takes a small percentage of each transaction, as do participating retailers. Kwedit forged a nationwide partnership with 7-Eleven to create 5,800 payment outlets, and is currently developing additional retail partnerships.
Photo by Kwedit.
The coffee vending business is your opportunity to cash in on the 30 billion dollar coffee industry.
Can we solve the #1 Business problem people have today? Yes -- and the answer is simple...
Millions of people retire in poverty - but it doesnt have to be this way!
HUMAN stands for "Helping Unite Mankind And Nutrition" and we started the Healthy Vending Industry back in 2003
Sell our revolutionary online ordering products to businesses under your own brand...
Origami Owl serves as a vibrant and beautifully beaded inspiration to aspiring independent business owners.
World's largest co-ed fitness franchise, Anytime Fitness can leverage its tried and true...
ActionCOACH Business Coaches make a difference and create wealth for all parties involved...
Coaching is a high-margin business where you can utilize your sales and/or business experience.