More than 200 Internet retailers have added PaidByCash to their sites since the service launched 2 months ago,
Retail Expansion Network announced. PaidByCash enables consumers to easily use cash to make purchases online by obtaining a virtual prepaid MasterCard card account issued by First Bank of Delaware through a nationwide network of 60,000 neighborhood physical retail locations. Any online retailer that accepts Debit MasterCard can accept PaidByCash. The company said that because very little integration is required to offer PaidByCash, online retailers are rapidly adopting it as a way to reach a broader range of consumers.
Retail Expansion Network CEO Michael Marubio said, "For the first time, online retailers in the United States can reach consumers who prefer to pay cash for their purchases. The convenience factor of PaidByCash in terms of integration for online merchants and cash conversion for consumers makes this a viable new service that will have a significant impact on the ecommerce community and online shoppers alike."
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