NEW YORK -- In-car vending company Cargo is partnering with Venmo to integrate the peer-to-peer payment option into the Cargo platform. Venmo will be offered as a form of payment to complete in-car transactions.
The deal allows customers to pay for Cargo items with their Venmo balance, linked bank account, credit card or debit card.
In addition to a new payment type, passengers can also choose to share products they purchase through Cargo on their Venmo feed. For instance, other people the customer knows on Venmo could see that the consumer purchased a smartwater, Winky Lux Matcha Lip Balm or other Cargo products.
“Cargo’s top priorities are to help [ride-hailing] drivers earn more, give riders back their time and improve in-car comfort. Adding Venmo as a payment option allows us to keep current with consumer preferences and offer them the same seamless payment experience riders’ favorite retailers provide,” said Jeff Cripe, Cargo founder and CEO.
To order, passengers visit Cargo’s mobile-app menu on their smartphones, enter the driver’s box code, select their desired items and, to use Venmo as a payment option, choose Venmo on the checkout page. Once the vehicle is safely stopped, the driver gives the passengers the products from the Cargo display box.
Venmo is available as a payment option through Cargo in New York, Chicago, Boston, Dallas, Washington, D.C., Baltimore, Los Angeles and San Francisco.
New York-based Cargo operates in a number of U.S. markets, including New York, Boston, Chicago, Minneapolis, Washington, D.C., Baltimore and Atlanta. Cargo recently secured an additional $22 million in Series A financing to grow its business. Since its launch in July 2017, Cargo has put more than 12,000 of its in-car vending machines in ride-sharing vehicles around the country.