Convenience Store Chain Sheetz to Accept Crypto Payments
Popular U.S. regional convenience store Sheetz will start accepting digital currency payments later this summer, according to an announcement.
The mid-Atlantic chain will use the digital payments network Flexa for accepting Bitcoin, Ether, Dogecoin, and other cryptos. Commenting on the move and partnership, Sheetz’s Payments Manager, Linda Smith, said:
“We are constantly innovating and exploring new offerings to truly give our customers what they want, when they want it, 24/7/365 — that includes accepting many forms of payment. We're very excited to be working with Flexa to roll out support for cryptocurrencies and other types of digital assets at our stores.”
Customers will be able to pay with digital currencies for store items and gas. Sheetz has 622 locations across Ohio, West Virginia, Pennsylvania, North Carolina, and Maryland. The company plans on starting with some of their Sheetz Cafe Stores this summer and then expanding to include Sheetz-owned fuel pumps later this year.
Flexa offers its customers guaranteed settlement on all payments and flexible integration with existing networks. Commenting on the acceptance of digital currency payments, co-founder of Flexa Trevor Filter said:
“With interest in digital currencies reaching all-time highs, it's easy to lose sight of the fact that there are real, tangible benefits for the merchants who accept them—not only reduced fraud and cost savings, but also a better and more mobile customer experience.”
The partnership also includes the use of NCR’s point-of-sale (POS) solution. Flexa will connect to the NCR to provide fraud-proof authorization.
“Connecting through the existing POS solution to the NCR payment gateway enables retailers to quickly integrate new solutions making it easy to introduce new innovations enabled by digital currencies,” according to NCR CTO Tim Vanderham. For retailers, the integration decreases the chances of fraud, lowers fees, and improves customer loyalty, he added.
Sheetz Inc. was established in 1952 in Altoona, Pennsylvania. The company operates over 600 24/7 stores. Sheetz’s menu includes sandwiches and salads, ordered using touch-screen order point terminals. Customers looking for more information on Flexa can visit their official website or download a Flexa app from flexa.app.
Founded in 2008, Flexa is a leading provider of pure-digital payment solutions. The company claims to provide “merchants and developers with simple integrations for digital currency acceptance that are fast, affordable, and completely fraud-proof.” Other apps that currently use Flexa include the popular crypto exchange Gemini and the asset storage solution SPEDEN.
Earlier in the month, Flexa partnered with payment acceptance provider Aurus to use AurusPay, a unified payments platform that provides retailers and other businesses access to alternative payment methods.
Flexa also recently introduced the “Pay with Flexa” button. “Like all Flexa payments, online transactions made with Flexa are authorized and guaranteed in less than a second,” mentions the announcement.
Atlanta, GA-based NCR Corporation provides software and services to enterprises in the retail, financial, and hospitality sectors. Talking about their POS solution for retail the company says that they provide a “cloud-enabled retail POS platform that unifies and runs your stores, from POS to payments to back office and beyond.”