Giant Eagle Inc., which operates locations in the Frederick area, announced that PayPal and Venmo are now accepted forms of payment at each of the company’s 474 supermarket and GetGo locations.
With this announcement, Giant Eagle and GetGo become the first grocery and convenience store chains in the U.S. to offer customers the ability to utilize PayPal and Venmo payments at the register. With the continued growth of digital payment adoption across the country, Giant Eagle Inc. and Blackhawk Network have partnered with PayPal and Venmo to bring these payment methods in store.
Recent research from Blackhawk Network shows that of the digital wallet growth observed in 2020, 59% of surveyed consumers have been using their digital wallet more frequently than before the pandemic began. And, of the digital payment tools available, 48% of consumers are using QR codes and barcodes on a mobile device more frequently over the last year, which is helping to bring a more seamless and connected payment experience to in-person shopping.
Based on Blackhawk’s research, digital wallet and payments are also driving an increase in shopper loyalty as 63% of respondents report they are more likely to shop at a retailer if they accept the digital payments they use, and 73% of respondents say they want to be able to pay the same way they pay online and in stores. Additionally, PayPal is the No. 1 digital payment tool they intend to use in 2021, with 60% of digital payment users planning to continue using PayPal once shopping returns to pre-pandemic levels.
Giant Eagle and GetGo customers are now able to pay using PayPal or Venmo QR codes at checkout. Customers open either the PayPal or Venmo mobile app and click the “Scan” button and selecting the ‘show to pay’ option. PayPal customers will be able to pay using stored debit or credit cards, bank accounts, PayPal balance, or PayPal Credit. With Venmo QR Codes, customers can pay using their stored debit or credit cards, bank account, Venmo balance or Venmo Credit Card for eligible customers.
Giant Eagle, ranked among the top 40 on Forbes magazine’s largest private corporations list, is one of the nation’s largest food retailers and distributors with about $10 billion in annual sales. Founded in 1931, the company has grown to more than 470 stores throughout Maryland, western Pennsylvania, Ohio, northern West Virginia and Indiana.