Electronic cash transaction network PayNearMe, and non-prime automotive lending company Southern Auto Finance have partnered to offer SAFCo’s borrowers a convenient new way to repay their loans using cash at more than 17,000 participating 7-Eleven, Family Dollar and ACE Cash Express stores nation-wide.

Officials highlighted that payments completed by 5 p.m. ET will be posted to the customer’s SAFCo account the same business day.

The companies went on to explain the partnership between SAFCo and PayNearMe is geared to make it simple and affordable for SAFCo’s cash-preferring borrowers to repay their loans at neighborhood retail locations, many of which are open 24 hours a day, seven days a week.

Officials pointed out that the fee of $3.99 per payment is significantly less than the cost of alternative cash payment options.

“PayNearMe provides an affordable cash payment option that is a real plus for our customers,” said George Fussell, SAFCo’s chief executive officer and founder.

“At SAFCo, we are the credit builders, and we want to provide our borrowers all the tools available to rebuild their credit for the future,” Fussell continued. “This new partnership makes it easy for them to stay on top of their payments, and with that, rehabilitate their financial health.”

To make a payment, SAFCo customers simply bring their printed or mobile payment code to a nearby participating location and pay at the register as if they were making a purchase at the store. SAFCo instantly receives notification of the payment and customers receive a paper receipt and/or confirmation on their mobile device.

The whole process is supposed to take less than 60 seconds to complete.

“Cash should be just as easy to use and accept as other payment options, and we are excited to help customer-centric companies like SAFCo seamlessly accept cash payments,” said Kunal Kumar, vice president and general manager of PayNearMe’s lending business unit.

“SAFCo is giving their borrowers the flexibility to pay on their own time, in their own neighborhoods: a win-win for everyone involved,” Kumar continued.

SAFCo borrowers who want to learn more about using PayNearMe to repay their loans can call SAFCo Customer Service at (866) 826-5243 or visit www.GoSAFCo.com.