Openbucks is an alternative payment gateway founded in 2010 and based in Silicon Valley. It enables online merchants to accept cash and retailer gift cards as a form of payment. Consumers can redeem, like cash, the branded gift cards of major U.S. and Canadian retailers directly at a merchant’s checkout as an alternative to credit card payments. The company participated in TechCrunch Disrupt in 2011 to showcase its payment platform.[1][2]
Openbucks was acquired by payment processor Paysafe Group in July 2020 for an undisclosed amount of money.[3]
References
- ^ Openbucks. "Openbucks Launches the Gift Card Payment Network". www.prnewswire.com. Retrieved 2020-07-23.
- ^ "Gift Card Payment Network Openbucks Raises $4.8 Million Series A, Led By Yahoo Co-Founder Jerry Yang". TechCrunch. Retrieved 2020-07-23.
- ^ "Paysafe Card Added as a Payment Option in Microsoft Store".
