Openbucks is an Internet payment company based in the Silicon Valley, in the city of Mountain View, CA, which allows people to pay online using gift cards from major retailers. Partners of Openbucks include Subway, CVS Pharmacy, Burger King, Sports Authority, Dollar General, Circle K, and Shell Oil Company.
Video Openbucks
History
Foundation
Openbucks was founded in 2010 by current CEO, Marc Rochman.
TechCrunch
The company participated in TechCrunch Disrupt in 2011.
Maps Openbucks
Mission
Basic Goal
Openbucks' goal is to allow people who do not own credit cards or bank accounts to pay online using their cash. In essence, you can buy a gift card from participating retail stores and use it to pay online on websites that have Openbucks as a payment method.
Who Uses Openbucks
Many teenagers struggle with online payments. The majority do not own credit cards and often need to ask their parents to buy something on the web. Openbucks is a solution for under-banked teenagers. Many of them have cash or gift cards, which would allow them to pay on an openbucks approved site.
Safe and Private Transactions
Openbucks also gives the opportunity for people to pay online without putting their personal information on the web.
References
Source of the article : Wikipedia
0 Comments