New York City-based bike rental startup ui Exchange is launching its first bike-to-pay platform today, bringing to the fold credit card payment options.
The platform, which will be available in the United States and Canada, allows bike-sharing users to purchase a bike from a bike-rental kiosk and then pay for their ride using their credit card or PayPal account.
The company’s bike rental kiosk, which currently accepts PayPal, will also be accepting credit cards in the future, with an aim to allow bike sharing users to use PayPal for all purchases.
The bike rental platform will be a way for New York-based users to pick up a bike, pay for its purchase with a credit card, and then take it home with them, according to a statement from the company.
The company plans to add other payment options to the platform in the coming months.
As well as providing a way to buy bikes in-person, the company will be offering a variety of other products and services to users.
Users will be able to buy bicycles using the platform, with bike rentals available on demand and also at a reduced price to help the platform’s growing user base.
Users will also have the option of signing up for weekly rental rides, monthly rental rides and bike sharing trips, and will be given the option for bikes to be exchanged for credit cards at the end of the month.
The exchange process will be handled by a third party, which could be the company’s own or another bike rental firm.
For now, the bike rental system will only be available to the New York Metropolitan area.
In the coming years, the service will be expanded to other areas, including parts of California, Massachusetts, and Nevada, according the company statement.