BOSTON – (August 28, 2017) —GasBuddy, the only smartphone app connecting drivers with their Perfect Pit Stop, today unveiled Pay with GasBuddy, a new payment service that provides U.S. drivers with a discount off of virtually every gallon of gas they will ever purchase.
There are more than 200 million drivers in the U.S., spending more than $315 billion on gasoline each year. Using Pay with GasBuddy, these U.S. consumers can collectively save $7.2 billion on the approximately 143.4 billion gallons of gas they will pump in 2017.
“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, the 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.
“Consumers have many options in their wallet, but only Pay with GasBuddy has been truly architected with the perfect pit stop in mind.”
Pay with GasBuddy is the first commercial product delivered from the strategic partnership announced earlier this summer with WEX (NYSE:WEX), a leading provider of corporate payment solutions. For the last year, GasBuddy has also been assembling management, technology, engineering and operations talent from the likes of PayPal, Cumberland Farms SmartPay and Heartland Payment Systems as it built out a world-class team to commercialize secure consumer payments technology for the $315 billion retail gasoline market.
Pay with GasBuddy: Simplicity, Convenience and Value
Pay with GasBuddy gives U.S. drivers the most convenience, choice and value of any gasoline payment form in their wallet. Program features include:
- Free to enroll.
- No credit application.
- Signing up is simple, secure, and takes just a few minutes.
- It works everywhere.
- Consumers save on every gallon of gas, every time.
- Up to $340* per year in savings when used with the GasBuddy app.
How Pay with GasBuddy Works
Consumers looking to save on every gallon of gas can enroll in the free Pay with GasBuddy program following these simple steps.
- Visit GasBuddy.com, or download the free GasBuddy smartphone app and click on the wallet icon.
- Sign up by connecting a valid checking account to Pay with GasBuddy. No credit application is necessary, and accounts are securely connected in about a minute.
- When you receive your card in the mail, activate it by setting up a unique Driver ID in the GasBuddy app. Your card is now ready to use.
- Swipe your card at the gas pump as you would any other plastic form of payment.
*When combining Pay with GasBuddy with the GasBuddy smartphone app.