Openbucks is an alternative payment gateway founded in 2010 and based in
Silicon Valley. It was acquired by payment processor
Paysafe Group
Paysafe Limited (formerly known as Optimal Payments PLC) is a multinational online payments company. The group offers services both under the ''Paysafe'' brand and subsidiary brands that have become part of the group through several mergers an ...
in July 2020 for an undisclosed amount of money.
Openbucks enables online merchants to accept cash and retailer gift cards as a form of payment from consumers who do not have bank accounts, or credit cards, or prefer to pay cash online to protect their privacy and financial information. 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.
With 60,000+ locations in their network, consumers can buy readily available gift cards or present a barcode at the POS to reload an account, making Openbucks the largest and safest alternative cash payment provider in North America. Their partnerships include
CVS Pharmacy,
Dollar General
Dollar General Corporation is an American chain of variety stores headquartered in Goodlettsville, Tennessee. As of April 11, 2022, Dollar General operates 18,216 stores in the continental United States.
The company began in 1939 as a family-own ...
, and
MoneyGram in the U.S.,
Canada Post in Canada, and
Pacific Coffee in Hong Kong. Openbucks services over 2,000 merchants directly such as
BigPoint
Bigpoint GmbH is a German video game developer. The company develops stand-alone browser-based games as well as social network games. Bigpoint has over 200 million registered users (announced in June 2011). Bigpoint.com states that 337,104,419 ...
,
Plarium,
Razer Razer may refer to:
* Razer (Canadian TV channel), former name of MTV2, a Canadian digital television specialty service
* Razer Inc., a Singaporean-American computer peripherals manufacturer specializing in PC gaming
* Razer Phone, a smartphone de ...
,
Wargaming and more, or via payment service providers and aggregators such as
Xsolla and
Paymentwall,
G2APay and more.
History
Foundation
Openbucks was founded in 2010 by the current CEO, Marc Rochman. The company participated in
TechCrunch Disrupt in 2011 to showcase its payment platform.
Awards
2011 FortyThree Awards Best Internet Cash Service
2012 PayBefore Awards Best in Category Prepaid Gaming Card
2013 Tie50 Award Silicon Valley Top Startup
2015 Tie50 Award Silicon Valley Top Startup
References
{{US-finance-company-stub
Companies based in Silicon Valley