BOSTON -- GasBuddy unveiled Pay with GasBuddy, a new payment service that provides U.S. drivers with a discount off of virtually any gasoline purchase.
Pay with GasBuddy saves users 15 cents per gallon on their first purchase with the app. Every gallon of gas purchased afterwards will come with a minimum discount of 5 cents per gallon.
Users can connect the Pay with GasBuddy app to their checking account online. There is no credit application and it is free to enroll. Shortly after signup, users receive a GasBuddy payment card in the mail connected to the Pay with GasBuddy service and the user’s checking account. After the card is activated through the app, users can use the card at the gas pump as they would use any other plastic card.
"Not only will we help you find the best prices through our app," the company says in a video introducing the service, "but you’ll save extra money on every gallon of gas at every station nationwide. You’ll never pay full price again."
Customers who combine Pay with GasBuddy and the GasBuddy smartphone app could save up to $340 per year, the company said.
"Today, GasBuddy breaks new ground as a media company building its own proprietary, secure, federated payments network for the more than $315 billion spent on retail gasoline," said Walt Doyle, CEO of GasBuddy. "The sheer scale and focus of our installed base of nearly 70 million drivers, combined with the value and convenience we’re delivering to the consumer, should make Pay with GasBuddy a very popular choice for U.S. motorists."
Pay with GasBuddy is the first commercial product delivered from the partnership announced earlier this summer with WEX, a provider of corporate payment solutions. For the last year, GasBuddy has also been assembling management, technology, engineering and operations talent from companies including PayPal, Cumberland Farms SmartPay and Heartland Payment Systems. Together, they have developed and commercialized secure consumer payments technology for the retail gasoline market.
Boston-based GasBuddy is a smartphone app that allows drivers to rate their convenience-store and gas-station experiences. With nearly 70 million downloads, GasBuddy is the leader in crowdsourced information to help drivers find the best gas prices, closest stations, friendliest service, cleanest restrooms, tastiest coffee and more in the United States, Canada and Australia.