<html>
  <head>
    <title></title>
    <!-- Licensed to: Cadwalader
         Document created using EDGARfilings PROfile 7.0.1.0
         Copyright 1995 - 2020 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; text-align: left; color: #000000;">
  <div><br>
  </div>
  <div>
    <div id="DSPFPageHeader">
      <div><br>
      </div>
    </div>
    <div style="text-align: center;">As filed with the Securities and Exchange Commission on August 18, 2020</div>
    <div><br>
    </div>
    <div style="text-align: right;">Registration No. ________</div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 18pt; font-weight: bold;">UNITED STATES<br>
      SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; font-weight: bold;">WASHINGTON, DC 20549</div>
    <div style="text-align: center;">
      <hr noshade="noshade" align="center" style="height: 1px; width: 15%; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;"></div>
    <div style="text-align: center; font-size: 18pt; font-weight: bold;">FORM S-8</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">REGISTRATION STATEMENT<br>
      UNDER<br>
      THE SECURITIES ACT OF 1933</div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 18pt; font-weight: bold;">USA Technologies, Inc.</div>
    <div style="text-align: center;">(Exact name of registrant as specified in its charter)</div>
    <table cellspacing="0" cellpadding="0" border="0" id="zcf18cf43bcc542948b1f142901f73cc9" style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 46.17%; vertical-align: top;">
            <div>&#160;</div>
            <div style="text-align: center; color: #000000; font-weight: bold;">Pennsylvania</div>
          </td>
          <td style="width: 7.69%; vertical-align: bottom;">&#160;</td>
          <td style="width: 46.14%; vertical-align: top;">
            <div>&#160;</div>
            <div style="text-align: center; color: #000000; font-weight: bold;">23-2679963</div>
          </td>
        </tr>
        <tr>
          <td style="width: 46.17%; vertical-align: top;">
            <div style="text-align: center; color: #000000;">(State or other jurisdiction of incorporation or organization)</div>
          </td>
          <td style="width: 7.69%; vertical-align: bottom;">&#160;</td>
          <td style="width: 46.14%; vertical-align: top;">
            <div style="text-align: center; color: #000000;">(I.R.S. Employer Identification No.)</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">100 Deerfield Lane, Suite 300</div>
    <div style="text-align: center; font-weight: bold;">Malvern, Pennsylvania 19355</div>
    <div style="text-align: center;">(Address, including zip code,</div>
    <div style="text-align: center;">of registrant&#8217;s principal executive offices)</div>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-weight: bold;">NON-PLAN INDUCEMENT STOCK OPTIONS</font><font style="font-weight: bold;"></font><br>
      (Full title of the plan)</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">Davina Furnish<br>
      General Counsel<br>
      USA Technologies, Inc.</div>
    <div style="text-align: center; font-weight: bold;">100 Deerfield Lane, Suite 300</div>
    <div style="text-align: center; font-weight: bold;">Malvern, Pennsylvania 19355</div>
    <div style="text-align: center; font-weight: bold;">(610) 989-0340</div>
    <div style="text-align: center;">(Name, address, including zip code, and telephone number,</div>
    <div style="text-align: center;">including area code, of agent for service)</div>
    <div><br>
    </div>
    <div style="text-align: justify;">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of &#8220;large
      accelerated filer,&#8221; &#8220;accelerated filer,&#8221; &#8220;smaller reporting company,&#8221; and &#8220;emerging growth company&#8221; in Rule 12b-2 of the Exchange Act.</div>
    <table cellspacing="0" cellpadding="0" border="0" align="center" id="z20d5c3e0e5ea45289bff348ef8900b7e" style="border-collapse: collapse; width: 80%; color: #000000; font-family: Arial, Helvetica, 'sans-serif'; font-size: 10pt; text-align: left;">

        <tr>
          <td style="width: 20%; vertical-align: middle;">&#160;</td>
          <td style="width: 20%; vertical-align: middle;">&#160;</td>
          <td style="width: 18%; vertical-align: middle;" colspan="1">&#160;</td>
          <td style="width: 20%; vertical-align: middle;">&#160;</td>
          <td style="width: 2%; vertical-align: middle;" colspan="1">&#160;</td>
          <td style="width: 20%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 20%; vertical-align: bottom;">&#160;</td>
          <td style="width: 18%; vertical-align: top;" colspan="1">&#160;</td>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;" colspan="1">&#160;</td>
          <td style="width: 20%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">
            <div style="color: #000000;">Large accelerated filer</div>
          </td>
          <td style="width: 20%; vertical-align: bottom;">
            <div style="color: #000000;">&#9744;</div>
          </td>
          <td style="width: 18%; vertical-align: top;" colspan="1">&#160;</td>
          <td style="width: 20%; vertical-align: top;">
            <div style="color: #000000;">Accelerated filer</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;" colspan="1">&#160;</td>
          <td style="width: 20%; vertical-align: bottom;">
            <div style="color: #000000;">&#9746;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;" rowspan="2">
            <div style="color: #000000;">Non-accelerated filer</div>
          </td>
          <td style="width: 20%; vertical-align: bottom;">
            <div style="color: #000000; font-family: 'Segoe UI Symbol', sans-serif;">&#9744;</div>
          </td>
          <td style="width: 18%; vertical-align: top;" colspan="1">&#160;</td>
          <td style="width: 20%; vertical-align: top;">
            <div style="color: #000000;">Smaller reporting company</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;" colspan="1">&#160;</td>
          <td style="width: 20%; vertical-align: bottom;">
            <div style="color: #000000;">&#9744;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: bottom;">&#160;</td>
          <td style="width: 18%; vertical-align: top;" colspan="1">&#160;</td>
          <td style="width: 20%; vertical-align: top;">
            <div style="color: #000000;">Emerging growth company</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;" colspan="1">&#160;</td>
          <td style="width: 20%; vertical-align: bottom;">
            <div style="color: #000000;">&#9744;</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageFooter">
        <div><br>
        </div>
      </div>
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      <div id="DSPFPageHeader">
        <div><br>
        </div>
      </div>
    </div>
    <div style="text-align: justify;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to
      Section 7(a)(2)(B) of the Securities Act. <font style="font-family: 'Segoe UI Symbol', sans-serif;">&#9744;</font></div>
    <div style="text-align: center; font-weight: bold;"><br>
      <br>
      CALCULATION OF REGISTRATION FEE</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" id="z987799a1e42a4fb1ba80e7bef66b5a6f" style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 33%; vertical-align: bottom; border-top: 2px double rgb(0, 0, 0); border-bottom: 2px double rgb(0, 0, 0);">
            <div style="text-align: center; color: #000000; font-weight: bold;">Title of Securities to be Registered</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; border-top: 2px double rgb(0, 0, 0); border-bottom: 2px double rgb(0, 0, 0);">&#160;</td>
          <td style="width: 14%; vertical-align: bottom; border-top: 2px double rgb(0, 0, 0); border-bottom: 2px double rgb(0, 0, 0);">
            <div style="text-align: center; color: #000000; font-weight: bold;">Amount to be<br>
              Registered (1)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; border-top: 2px double rgb(0, 0, 0); border-bottom: 2px double rgb(0, 0, 0);">&#160;</td>
          <td style="vertical-align: bottom; border-top: 2px double rgb(0, 0, 0); border-bottom: 2px double rgb(0, 0, 0);" colspan="2">
            <div style="text-align: center; color: #000000; font-weight: bold;">Proposed Maximum<br>
              Offering Price<br>
              Per Share (2)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; border-top: 2px double rgb(0, 0, 0); border-bottom: 2px double rgb(0, 0, 0);">&#160;</td>
          <td style="vertical-align: bottom; border-top: 2px double rgb(0, 0, 0); border-bottom: 2px double rgb(0, 0, 0);" colspan="2">
            <div style="text-align: center; color: #000000; font-weight: bold;">Proposed Maximum<br>
              Aggregate Offering<br>
              Price (2)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; border-top: 2px double rgb(0, 0, 0); border-bottom: 2px double rgb(0, 0, 0);">&#160;</td>
          <td style="vertical-align: bottom; border-top: 2px double rgb(0, 0, 0); border-bottom: 2px double rgb(0, 0, 0);" colspan="2">
            <div style="text-align: center; color: #000000; font-weight: bold;">Amount of<br>
              Registration<br>
              Fee</div>
          </td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: top; border-bottom: 2px double rgb(0, 0, 0);">
            <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Common Stock, no par value</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; border-bottom: 2px double rgb(0, 0, 0);">&#160;</td>
          <td style="width: 14%; vertical-align: bottom; border-bottom: 2px double rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">1,000,000</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; border-bottom: 2px double rgb(0, 0, 0);">&#160;</td>
          <td style="width: 1%; vertical-align: bottom; border-bottom: 2px double rgb(0, 0, 0);">
            <div style="color: #000000;">$</div>
          </td>
          <td style="width: 14%; vertical-align: bottom; border-bottom: 2px double rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">6.30</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; border-bottom: 2px double rgb(0, 0, 0);">&#160;</td>
          <td style="width: 1%; vertical-align: bottom; border-bottom: 2px double rgb(0, 0, 0);">
            <div style="color: #000000;">$</div>
          </td>
          <td style="width: 14%; vertical-align: bottom; border-bottom: 2px double rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">6,300,000</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; border-bottom: 2px double rgb(0, 0, 0);">&#160;</td>
          <td style="width: 1%; vertical-align: bottom; border-bottom: 2px double rgb(0, 0, 0);">
            <div style="color: #000000;">$</div>
          </td>
          <td style="width: 14%; vertical-align: bottom; border-bottom: 2px double rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">817.74</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="font-family: Arial,Helvetica,sans-serif;">
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: Arial, Helvetica, 'sans-serif'; font-size: 10pt; color: #000000; width: 100%;" id="zc18aff515068475591b8efcacfb7583c">

          <tr>
            <td style="width: 3%; text-align: left; vertical-align: top;">
              <div>(1)</div>
            </td>
            <td style="width: 97%; text-align: left; vertical-align: top;">
              <div style="font-family: Arial,Helvetica,sans-serif; text-align: justify;">Represents 1,000,000 shares of USA Technologies, Inc.&#8217;s (the &#8220;Company&#8221;) common stock, no par value (the &#8220;Common Stock&#8221;), underlying stock options granted to the
                Company&#8217;s new Chief Executive Officer as an inducement award for his employment with the Company (the &#8220;Inducement Award&#8221;). Vesting and exercisability of the stock options are subject to, among other terms, the satisfaction of applicable
                time-based and performance-based vesting requirements. Pursuant to Rule 416 of the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;), this Registration Statement also covers any additional shares of Common Stock which become
                issuable by reason of any stock split, stock dividend or similar transaction effected without the receipt of consideration which results in an increase in the number of the Company&#8217;s outstanding shares of Common Stock.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 3%; text-align: left; vertical-align: top;">
              <div>(2) <br>
              </div>
            </td>
            <td style="width: 97%; text-align: left; vertical-align: top;">
              <div style="font-family: Arial,Helvetica,sans-serif; text-align: justify;">Calculated pursuant to 457(h) under the Securities Act based on $6.30, the exercise price per share of the stock options granted pursuant to the Inducement Award.</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <div><br>
      </div>
      <div>
        <hr noshade="noshade" align="left" style="background-color: #000000; border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 0px auto 0px 0px; height: 4px; width: 100%; color: #000000;"></div>
      <br>
      <font style="font-family: Arial,Helvetica,sans-serif; color: rgb(0, 0, 0);"></font></div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageFooter">
        <div><br>
        </div>
      </div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      <div id="DSPFPageHeader">
        <div><br>
        </div>
      </div>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">EXPLANATORY NOTE</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The Company is filing this Registration Statement on Form S-8 for the purpose of registering 1,000,000 shares of Common Stock underlying an inducement award in the form of a non-qualified stock
      option granted to Sean Feeney on May 8, 2020 to induce him to accept employment with the Company. This inducement award was approved by the Compensation Committee of the Company&#8217;s Board of Directors and the Company&#8217;s Board of Directors outside of,
      but subject to certain administrative provisions generally consistent with, the Company&#8217;s 2018 Equity Incentive Plan, as amended.</div>
    <div style="text-align: justify;"> <br>
    </div>
    <div style="text-align: justify;">
      <div style="text-align: center; font-weight: bold;">PART I</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">The information called for in Part I of this Registration Statement is included in the Section 10(a) prospectus to be sent or given to Mr. Feeney as specified by Rule 428(b)(1) of the Securities Act. In accordance with
        Rule 428 and the Note to Part I of Form S-8, the information is not being filed with the Securities and Exchange Commission (the &#8220;Commission&#8221;) either as part of this Registration Statement or as a prospectus or prospectus supplement pursuant to
        Rule 424 of the Securities Act.</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">PART II</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</div>
      <div><br>
      </div>
      <div style="text-align: left; font-weight: bold;">Item 3. Incorporation of Documents by Reference.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">The Company is subject to the informational requirements of the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;), and, in accordance therewith, files reports and other information with the Commission.
        The following documents, or portions thereof, filed by the Company with the Commission pursuant to the Exchange Act, are incorporated by reference in this Registration Statement:</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(a) The Company&#8217;s Annual Report on Form 10-K and Form 10-K/A for the fiscal year ended June 30, 2019, filed on October 9, 2019 and November 14, 2019;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(b) The Company&#8217;s Quarterly Report on Form 10-Q for the quarters ended September 30, 2019, December 31, 2019 and March 31, 2020, filed on November 12, 2019 (and the amendment thereto filed on Form 10-Q/A on February
        18, 2020), February 18, 2020 and June 24, 2020, respectively;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(c) The Company&#8217;s Current Reports on Form 8-K filed July 16, 2019, September 4, 2019, September 9, 2019, September 20, 2019, September 24, 2019, October 1, 2019, October 9, 2019, October 9, 2019 (both Form 8-Ks filed
        on such date), October 18, 2019, October 18, 2019 (both Form 8-Ks filed on such date), November 1, 2019, November 12, 2019, November 12, 2019 (both Form 8-Ks filed on such date), November 27, 2019, February 4, 2020, February 6, 2020, February 18,
        2020, March 2, 2020, March 9, 2020, March 26, 2020, April 27, 2020, April 28, 2020, May 5, 2020, May 7, 2020, May 13, 2020, May 26, 2020, June 3, 2020, June 24, 2020, July 2, 2020, July 6, 2020, July 21, 2020, August 14, 2020 and August 17, 2020
        (except for the information furnished under Items 2.02 or 7.01 and the exhibits furnished therewith);</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(d) All other reports filed by the Company pursuant to Section 13(a) or 15(d) of the Exchange Act since the end of the fiscal year covered by the Company&#8217;s Annual Report referred to in (a) above&#894; and</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(e) the description of the Company&#8217;s Common Stock contained in its Registration Statement on Form 8-A (No. 001-33365), filed on March 15, 2007 pursuant to Section 12(b) of the Securities Exchange Act of 1934, including
        Exhibit 4.2 to our&#160;Annual Report on Form 10-K for the fiscal year ended June 30, 2019.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">In addition, all documents subsequently filed by the Company with the Commission pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a post-effective amendment that (a) indicates
        that all securities offered under this Registration Statement have been sold, or (b) deregisters all securities then remaining unsold under this Registration Statement, shall be deemed to be incorporated by reference in this Registration Statement
        and to be a part of this Registration Statement from the date of filing of any such documents.</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div id="DSPFPageFooter"></div>
        <div style="page-break-after:always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        <div id="DSPFPageHeader"></div>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Any statement contained herein or in a document incorporated or deemed to be incorporated by reference in this Registration Statement will be deemed to be modified or superseded for purposes of this Registration
        Statement to the extent that a statement contained herein or in any subsequently filed document that is also incorporated or deemed to be incorporated by reference in this Registration Statement modifies or supersedes such statement. Any statement
        so modified or superseded will not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.</div>
      <div><br>
      </div>
      <div style="text-align: left; font-weight: bold;">Item 4. Description of Securities.</div>
      <div><br>
      </div>
      <div style="text-align: left; text-indent: 36pt;">Not applicable.</div>
      <div><br>
      </div>
      <div style="text-align: left; font-weight: bold;">Item 5. Interests of Named Experts and Counsel.</div>
      <div><br>
      </div>
      <div style="text-align: left; text-indent: 36pt;">Not applicable.</div>
      <div><br>
      </div>
      <div style="text-align: left; font-weight: bold;">Item 6. Indemnification of Directors and Officers.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 1746 of the Pennsylvania Business Corporation Law of 1988, as amended (&#8220;BCL&#8221;), authorizes a Pennsylvania corporation to indemnify its officers, directors, employees and agents under certain circumstances
        against expenses and liabilities incurred in legal proceedings involving such persons because of their holding or having held such positions with the corporation and to purchase and maintain insurance of such indemnification. Our By-laws
        substantively provide that we will indemnify our officers, directors, employees and agents to the fullest extent provided by Section 1746 of the BCL.</div>
      <div style="text-indent: 36pt;">&#160;</div>
      <div style="text-indent: 36pt;">Section 1713 of the BCL permits a Pennsylvania corporation, by so providing in its By-laws, to eliminate the personal liability of a director for monetary damages for any action taken unless the director has breached
        or failed to perform the duties of his office and the breach or failure constitutes self-dealing, willful misconduct or recklessness. In addition, no such limitation of liability is available with respect to the responsibility or liability of a
        director pursuant to any criminal statute or for the payment of taxes pursuant to Federal, state or local law. Our By-laws eliminate the personal liability of the directors to the fullest extent permitted by Section 1713 of the BCL.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">In addition, the Company has entered into separate indemnification agreements with its Directors and certain officers which require the Company to indemnify each of such officers and directors to the fullest extent
        permitted by the law of the Commonwealth of Pennsylvania against certain liabilities which may arise by reason of their status as directors and officers. The indemnification agreements also provide that the Company must advance all expenses
        incurred by the indemnified person in connection with any proceeding, provided the indemnified person undertakes to repay the advanced amounts if it is determined ultimately that the indemnified person is not entitled to be indemnified.</div>
      <div><br>
      </div>
      <div style="text-align: left; font-weight: bold;">Item 7. Exemption from Registration Claimed.</div>
      <div><br>
      </div>
      <div style="text-align: left; text-indent: 36pt;">Not applicable.</div>
      <div><br>
      </div>
      <div style="text-align: left; font-weight: bold;">Item 8. Exhibits.</div>
      <table cellspacing="0" cellpadding="0" style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z10df473e87c24bdf9936e0c08b59e3de">

          <tr>
            <td style="border-bottom: 1px double #000000; vertical-align: bottom; width: 10%;">
              <div>&#160;</div>
              <div style="color: #000000; font-weight: bold;">Exhibit No.</div>
            </td>
            <td style="width: 2.5%; vertical-align: bottom;">&#160;</td>
            <td style="border-bottom: 1px double #000000; vertical-align: bottom; width: 87.5%;">
              <div style="text-align: center; color: #000000; font-weight: bold;">Description</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: bottom;">&#160;</td>
            <td style="width: 2.5%; vertical-align: bottom;">&#160;</td>
            <td style="width: 87.5%; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: center; color: #000000;"><a href="us55068358-ex5_1.htm">5.1</a></div>
            </td>
            <td style="width: 2.5%; vertical-align: bottom;">&#160;</td>
            <td style="width: 87.5%; vertical-align: top;">
              <div style="color: #000000;"><a href="us55068358-ex5_1.htm">Opinion of Troutman Pepper Hamilton Sanders LLP</a></div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 10%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 2.5%; vertical-align: bottom;">&#160;</td>
            <td rowspan="1" style="width: 87.5%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: center; color: #000000;">10.1</div>
            </td>
            <td style="width: 2.5%; vertical-align: bottom;">&#160;</td>
            <td style="width: 87.5%; vertical-align: top;">
              <div style="color: #000000;">USA Technologies, Inc. 2018 Equity Incentive Plan (incorporated by reference to Appendix A to the Company&#8217;s Definitive Proxy Statement on Form DEF 14A, filed with the SEC on April 2, 2018)</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 10%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 2.5%; vertical-align: bottom;">&#160;</td>
            <td rowspan="1" style="width: 87.5%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: center; color: #000000;">10.2</div>
            </td>
            <td style="width: 2.5%; vertical-align: bottom;">&#160;</td>
            <td style="width: 87.5%; vertical-align: top;">
              <div style="color: #000000;">First Amendment to the USA Technologies, Inc. 2018 Equity Incentive Plan (incorporated by reference to Exhibit 10.1 to the Company&#8217;s Current Report on Form 8-K, filed with the SEC on May 26, 2020)</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div id="DSPFPageFooter"></div>
        <div style="page-break-after:always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        <div id="DSPFPageHeader"></div>
      </div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z7168ee9a551f4918947e9bda17c0647a">

          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: center; color: #000000;">10.3</div>
            </td>
            <td style="width: 2.5%; vertical-align: bottom;">&#160;</td>
            <td style="width: 87.5%; vertical-align: top;">
              <div style="color: #000000;">Non-Qualified Stock Option Agreement, dated May 8, 2020, between USA Technologies, Inc. and Sean Feeney (incorporated by reference to Exhibit 10.3 to the Company&#8217;s Current Report on Form 8-K, filed with the SEC on
                May 13, 2020)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 2.5%; vertical-align: bottom;">&#160;</td>
            <td style="width: 87.5%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: center; color: #000000;">23.1</div>
            </td>
            <td style="width: 2.5%; vertical-align: bottom;">&#160;</td>
            <td style="width: 87.5%; vertical-align: top;">
              <div style="color: #000000;">Consent of Troutman Pepper Hamilton Sanders LLP (included in Exhibit 5.1 to this Registration Statement)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 2.5%; vertical-align: bottom;">&#160;</td>
            <td style="width: 87.5%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: center; color: #000000;"><a href="us55068358-ex23_2.htm">23.2</a></div>
            </td>
            <td style="width: 2.5%; vertical-align: bottom;">&#160;</td>
            <td style="width: 87.5%; vertical-align: top;">
              <div style="color: #000000;"><a href="us55068358-ex23_2.htm">Consent of BDO USA, LLP, Independent Registered Public Accounting Firm</a></div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 2.5%; vertical-align: bottom;">&#160;</td>
            <td style="width: 87.5%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: center; color: #000000;">24.1</div>
            </td>
            <td style="width: 2.5%; vertical-align: bottom;">&#160;</td>
            <td style="width: 87.5%; vertical-align: top;">
              <div style="color: #000000;">Power of Attorney (included on signature page hereto)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 2.5%; vertical-align: bottom;">&#160;</td>
            <td style="width: 87.5%; vertical-align: top;">&#160;</td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: left; font-weight: bold;">Item 9. Undertakings.</div>
      <div><br>
      </div>
      <div style="text-align: left;">(a) The undersigned registrant hereby undertakes:</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:</div>
      <div><br>
      </div>
      <div style="text-indent: 48pt;">(i) To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;</div>
      <div><br>
      </div>
      <div style="text-indent: 48pt;">(ii) To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate,
        represent a fundamental change in the information set forth in this registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed
        that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume
        and price represent no more than a 20 percent change in the maximum aggregate offering price set forth in the &#8220;Calculation of Registration Fee&#8221; table in this effective registration statement; and</div>
      <div><br>
      </div>
      <div style="text-indent: 48pt;">(iii) To include any material information with respect to the plan of distribution not previously disclosed in this registration statement or any material change to such information in this registration statement;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;"><font style="font-style: italic;">Provided, however,</font> that paragraphs (a)(1)(i) and (a)(1)(ii) of this section do not apply if the information required to be included in a post-effective amendment by those
        paragraphs is contained in reports filed with or furnished to the Commission by the registrant pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in this registration statement.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(2) That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein,
        and the offering of such securities at that time shall be deemed to be the initial <font style="font-style: italic;">bona fide</font> offering thereof; and</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.</div>
      <div><br>
      </div>
      <div>(b) The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the registrant&#8217;s annual report pursuant to Section 13(a) or Section 15(d) of the Securities
        Exchange Act of 1934 (and, where applicable, each filing of an employee benefit plan&#8217;s annual report pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in the registration statement shall be deemed
        to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</div>
      <div> <br>
      </div>
      <div>
        <div>(c) Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has
          been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such
          liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer
          or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question
          whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue. </div>
      </div>
    </div>
    <div style="text-align: justify;"> <br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageFooter">
        <div><br>
        </div>
      </div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      <div id="DSPFPageHeader">
        <div><br>
        </div>
      </div>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">SIGNATURES</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has
      duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Malvern, State of Pennsylvania, on August 18, 2020. </div>
    <div style="text-align: justify; text-indent: 36pt;"> <br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">
      <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; border-collapse: separate; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;">

          <tr>
            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" style="width: 38%;" colspan="2">USA TECHNOLOGIES, INC.</td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>
          <tr>
            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" style="width: 3%;">&#160;</td>
            <td valign="top" style="width: 35%;">&#160;</td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>
          <tr>
            <td valign="top" align="left" style="width: 50%; padding-bottom: 2px;">
              <div align="left" style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt"><br>
              </div>
            </td>
            <td valign="top" style="width: 3%; padding-bottom: 2px;">
              <div align="left" style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt">By: </div>
            </td>
            <td valign="top" nowrap="nowrap" align="left" style="width: 35%; border-bottom: #000000 2px solid">/s/&#160; Sean Feeney<br>
            </td>
            <td valign="top" style="width: 12%; padding-bottom: 2px;">&#160;</td>
          </tr>
          <tr>
            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" style="width: 3%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" align="left" style="width: 35%;">Sean Feeney</td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>
          <tr>
            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" style="width: 3%;">&#160;</td>
            <td valign="top" style="width: 35%;">Chief Executive Officer<br>
            </td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>
          <tr>
            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" style="width: 3%;">&#160;</td>
            <td valign="top" style="width: 35%;">&#160;</td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageFooter">
        <div><br>
        </div>
      </div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      <div id="DSPFPageHeader">
        <div><br>
        </div>
      </div>
    </div>
    <div style="text-align: center; font-weight: bold;">POWER OF ATTORNEY</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The undersigned directors and officers hereby constitute and appoint Sean Feeney and R. Wayne Jackson, and each of them, with full power to act and with full power of substitution and resubstitution,
      our true and lawful attorneys-in-fact with full power to execute in our name and behalf in the capacities indicated below any and all amendments to this Registration Statement on Form S-8, including post-effective amendments to this Registration
      Statement on Form S-8, and to sign any and all additional registration statements relating to the same offering of securities as this Registration Statement on Form S-8 that are filed pursuant to the requirements of the Securities Act, and to file
      the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, and hereby ratify and confirm that such attorneys-in-fact, or their or his substitute or substitutes, may lawfully do or
      cause to be done by virtue thereof.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.</div>
    <div style="font-family: Arial,Helvetica,sans-serif;"> <br>
    </div>
    <div style="font-family: Arial,Helvetica,sans-serif;">
      <table cellspacing="0" cellpadding="0" border="0" id="z84eef95f346447f9bfbe2c108a8905dd" style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 32%; vertical-align: middle;">&#160;</td>
            <td style="width: 2.12%; vertical-align: middle;">&#160;</td>
            <td style="width: 32%; vertical-align: middle;">&#160;</td>
            <td style="width: 2.12%; vertical-align: middle;">&#160;</td>
            <td style="width: 32%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 32%; vertical-align: bottom;">
              <div style="text-align: center; color: #000000; font-weight: bold;"><u>Signature</u></div>
            </td>
            <td style="width: 2.12%; vertical-align: bottom;">&#160;</td>
            <td style="width: 32%; vertical-align: bottom;">
              <div style="text-align: center; color: #000000; font-weight: bold;"><u>Title</u></div>
            </td>
            <td style="width: 2.12%; vertical-align: bottom;">&#160;</td>
            <td style="width: 32%; vertical-align: bottom;">
              <div style="text-align: center; color: #000000; font-weight: bold;"><u>Date</u></div>
            </td>
          </tr>
          <tr>
            <td style="width: 32%; vertical-align: top;">&#160;</td>
            <td style="width: 2.12%; vertical-align: top;">&#160;</td>
            <td style="width: 32%; vertical-align: middle;">&#160;</td>
            <td style="width: 2.12%; vertical-align: middle;">&#160;</td>
            <td style="width: 32%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 32%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000;">/s/ SEAN FEENEY</div>
            </td>
            <td style="width: 2.12%; vertical-align: top;">&#160;</td>
            <td style="width: 32%; vertical-align: middle;" rowspan="2">
              <div style="text-align: center; color: #000000;">Chief Executive Officer and Director<br>
                (Principal Executive Officer)</div>
            </td>
            <td style="width: 2.12%; vertical-align: middle;">&#160;</td>
            <td style="width: 32%; vertical-align: middle;" rowspan="2">
              <div style="text-align: center; color: #000000;">August 18, 2020</div>
            </td>
          </tr>
          <tr>
            <td style="width: 32%; vertical-align: top;">
              <div style="text-align: center; color: #000000;">Sean Feeney</div>
            </td>
            <td style="width: 2.12%; vertical-align: top;">&#160;</td>
            <td style="width: 2.12%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 32%; vertical-align: top;">&#160;</td>
            <td style="width: 2.12%; vertical-align: top;">&#160;</td>
            <td style="width: 32%; vertical-align: middle;">&#160;</td>
            <td style="width: 2.12%; vertical-align: middle;">&#160;</td>
            <td style="width: 32%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 32%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000;">/s/ R. WAYNE JACKSON</div>
            </td>
            <td style="width: 2.12%; vertical-align: top;">&#160;</td>
            <td style="width: 32%; vertical-align: middle;" rowspan="2">
              <div style="text-align: center; color: #000000;">Chief Financial Officer</div>
              <div style="text-align: center; color: #000000;">(Principal Financial Officer)</div>
            </td>
            <td style="width: 2.12%; vertical-align: middle;">&#160;</td>
            <td style="width: 32%; vertical-align: middle;" rowspan="2">
              <div style="text-align: center; color: #000000;">August 18, 2020</div>
            </td>
          </tr>
          <tr>
            <td style="width: 32%; vertical-align: top;">
              <div style="text-align: center;">R. Wayne Jackson</div>
            </td>
            <td style="width: 2.12%; vertical-align: top;">&#160;</td>
            <td style="width: 2.12%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 32%; vertical-align: top;">&#160;</td>
            <td style="width: 2.12%; vertical-align: top;">&#160;</td>
            <td style="width: 32%; vertical-align: middle;">&#160;</td>
            <td style="width: 2.12%; vertical-align: middle;">&#160;</td>
            <td style="width: 32%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 32%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000;">/s/ GLEN E. GOOLD</div>
            </td>
            <td style="width: 2.12%; vertical-align: top;">&#160;</td>
            <td style="width: 32%; vertical-align: middle;" rowspan="2">
              <div style="text-align: center; color: #000000;">Chief Accounting Officer</div>
              <div style="text-align: center; color: #000000;">(Principal Accounting Officer)</div>
            </td>
            <td style="width: 2.12%; vertical-align: middle;">&#160;</td>
            <td style="width: 32%; vertical-align: middle;" rowspan="2">
              <div style="text-align: center; color: #000000;">August 18, 2020</div>
            </td>
          </tr>
          <tr>
            <td style="width: 32%; vertical-align: top;">
              <div style="text-align: center;">Glen E. Goold</div>
            </td>
            <td style="width: 2.12%; vertical-align: top;">&#160;</td>
            <td style="width: 2.12%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 32%; vertical-align: top;">&#160;</td>
            <td style="width: 2.12%; vertical-align: top;">&#160;</td>
            <td style="width: 32%; vertical-align: middle;">&#160;</td>
            <td style="width: 2.12%; vertical-align: middle;">&#160;</td>
            <td style="width: 32%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 32%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000;">/s/ DOUGLAS G. BERGERON</div>
            </td>
            <td style="width: 2.12%; vertical-align: top;">&#160;</td>
            <td style="width: 32%; vertical-align: middle;" rowspan="2">
              <div style="text-align: center; color: #000000;">Director (Chair of the Board)</div>
            </td>
            <td style="width: 2.12%; vertical-align: middle;">&#160;</td>
            <td style="width: 32%; vertical-align: middle;" rowspan="2">
              <div style="text-align: center; color: #000000;">August 18, 2020</div>
            </td>
          </tr>
          <tr>
            <td style="width: 32%; vertical-align: top;">
              <div style="text-align: center; color: #000000;">Douglas G. Bergeron</div>
            </td>
            <td style="width: 2.12%; vertical-align: top;">&#160;</td>
            <td style="width: 2.12%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 32%; vertical-align: top;">&#160;</td>
            <td style="width: 2.12%; vertical-align: top;">&#160;</td>
            <td style="width: 32%; vertical-align: middle;">&#160;</td>
            <td style="width: 2.12%; vertical-align: middle;">&#160;</td>
            <td style="width: 32%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 32%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000;">/s/ LISA P. BAIRD</div>
            </td>
            <td style="width: 2.12%; vertical-align: top;">&#160;</td>
            <td style="width: 32%; vertical-align: middle;" rowspan="2">
              <div style="text-align: center; color: #000000;">Director</div>
            </td>
            <td style="width: 2.12%; vertical-align: middle;">&#160;</td>
            <td style="width: 32%; vertical-align: middle;" rowspan="2">
              <div style="text-align: center; color: #000000;">August 18, 2020</div>
            </td>
          </tr>
          <tr>
            <td style="width: 32%; vertical-align: top;">
              <div style="text-align: center; color: #000000;">Lisa P. Baird</div>
            </td>
            <td style="width: 2.12%; vertical-align: top;">&#160;</td>
            <td style="width: 2.12%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 32%; vertical-align: top;">&#160;</td>
            <td style="width: 2.12%; vertical-align: top;">&#160;</td>
            <td style="width: 32%; vertical-align: middle;">&#160;</td>
            <td style="width: 2.12%; vertical-align: middle;">&#160;</td>
            <td style="width: 32%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 32%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000;">/s/ DOUGLAS L. BRAUNSTEIN</div>
            </td>
            <td style="width: 2.12%; vertical-align: top;">&#160;</td>
            <td style="width: 32%; vertical-align: middle;" rowspan="2">
              <div style="text-align: center; color: #000000;">Director</div>
            </td>
            <td style="width: 2.12%; vertical-align: middle;">&#160;</td>
            <td style="width: 32%; vertical-align: middle;" rowspan="2">
              <div style="text-align: center; color: #000000;">August 18, 2020</div>
            </td>
          </tr>
          <tr>
            <td style="width: 32%; vertical-align: top;">
              <div style="text-align: center; color: #000000;">Douglas L. Braunstein</div>
            </td>
            <td style="width: 2.12%; vertical-align: top;">&#160;</td>
            <td style="width: 2.12%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 32%; vertical-align: top;">&#160;</td>
            <td style="width: 2.12%; vertical-align: top;">&#160;</td>
            <td style="width: 32%; vertical-align: middle;">&#160;</td>
            <td style="width: 2.12%; vertical-align: middle;">&#160;</td>
            <td style="width: 32%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 32%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000;">/s/ JACOB LAMM</div>
            </td>
            <td style="width: 2.12%; vertical-align: top;">&#160;</td>
            <td style="width: 32%; vertical-align: middle;" rowspan="2">
              <div style="text-align: center; color: #000000;">Director</div>
            </td>
            <td style="width: 2.12%; vertical-align: middle;">&#160;</td>
            <td style="width: 32%; vertical-align: middle;" rowspan="2">
              <div style="text-align: center; color: #000000;">August 18, 2020</div>
            </td>
          </tr>
          <tr>
            <td style="width: 32%; vertical-align: top;">
              <div style="text-align: center; color: #000000;">Jacob Lamm</div>
            </td>
            <td style="width: 2.12%; vertical-align: top;">&#160;</td>
            <td style="width: 2.12%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 32%; vertical-align: top;">&#160;</td>
            <td style="width: 2.12%; vertical-align: top;">&#160;</td>
            <td style="width: 32%; vertical-align: middle;">&#160;</td>
            <td style="width: 2.12%; vertical-align: middle;">&#160;</td>
            <td style="width: 32%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 32%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000;">/s/ MICHAEL K. PASSILLA</div>
            </td>
            <td style="width: 2.12%; vertical-align: top;">&#160;</td>
            <td style="width: 32%; vertical-align: middle;" rowspan="2">
              <div style="text-align: center; color: #000000;">Director</div>
            </td>
            <td style="width: 2.12%; vertical-align: middle;">&#160;</td>
            <td style="width: 32%; vertical-align: middle;" rowspan="2">
              <div style="text-align: center; color: #000000;">August 18, 2020</div>
            </td>
          </tr>
          <tr>
            <td style="width: 32%; vertical-align: top;">
              <div style="text-align: center; color: #000000;">Michael K. Passilla</div>
            </td>
            <td style="width: 2.12%; vertical-align: top;">&#160;</td>
            <td style="width: 2.12%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 32%; vertical-align: top;">&#160;</td>
            <td style="width: 2.12%; vertical-align: top;">&#160;</td>
            <td style="width: 32%; vertical-align: middle;">&#160;</td>
            <td style="width: 2.12%; vertical-align: middle;">&#160;</td>
            <td style="width: 32%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 32%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000;">/s/ ELLEN RICHEY</div>
            </td>
            <td style="width: 2.12%; vertical-align: top;">&#160;</td>
            <td style="width: 32%; vertical-align: middle;" rowspan="2">
              <div style="text-align: center; color: #000000;">Director</div>
            </td>
            <td style="width: 2.12%; vertical-align: middle;">&#160;</td>
            <td style="width: 32%; vertical-align: middle;" rowspan="2">
              <div style="text-align: center; color: #000000;">August 18, 2020</div>
            </td>
          </tr>
          <tr>
            <td style="width: 32%; vertical-align: top;">
              <div style="text-align: center; color: #000000;">Ellen Richey</div>
            </td>
            <td style="width: 2.12%; vertical-align: top;">&#160;</td>
            <td style="width: 2.12%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 32%; vertical-align: top;">&#160;</td>
            <td style="width: 2.12%; vertical-align: top;">&#160;</td>
            <td style="width: 32%; vertical-align: middle;">&#160;</td>
            <td style="width: 2.12%; vertical-align: middle;">&#160;</td>
            <td style="width: 32%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 32%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000;">/s/ ANNE M. SMALLING</div>
            </td>
            <td style="width: 2.12%; vertical-align: top;">&#160;</td>
            <td style="width: 32%; vertical-align: middle;" rowspan="2">
              <div style="text-align: center; color: #000000;">Director</div>
            </td>
            <td style="width: 2.12%; vertical-align: middle;">&#160;</td>
            <td style="width: 32%; vertical-align: middle;" rowspan="2">
              <div style="text-align: center; color: #000000;">August 18, 2020</div>
            </td>
          </tr>
          <tr>
            <td style="width: 32%; vertical-align: top;">
              <div style="text-align: center; color: #000000;">Anne M. Smalling</div>
            </td>
            <td style="width: 2.12%; vertical-align: top;">&#160;</td>
            <td style="width: 2.12%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 32%; vertical-align: top;">&#160;</td>
            <td style="width: 2.12%; vertical-align: top;">&#160;</td>
            <td style="width: 32%; vertical-align: middle;">&#160;</td>
            <td style="width: 2.12%; vertical-align: middle;">&#160;</td>
            <td style="width: 32%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 32%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000;">/s/ SHANNON S. WARREN</div>
            </td>
            <td style="width: 2.12%; vertical-align: top;">&#160;</td>
            <td style="width: 32%; vertical-align: middle;" rowspan="2">
              <div style="text-align: center; color: #000000;">Director</div>
            </td>
            <td style="width: 2.12%; vertical-align: middle;">&#160;</td>
            <td style="width: 32%; vertical-align: middle;" rowspan="2">
              <div style="text-align: center; color: #000000;">August 18, 2020</div>
            </td>
          </tr>
          <tr>
            <td style="width: 32%; vertical-align: top;">
              <div style="text-align: center;">Shannon S. Warren</div>
            </td>
            <td style="width: 2.12%; vertical-align: top;">&#160;</td>
            <td style="width: 2.12%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 32%; vertical-align: top;">&#160;</td>
            <td style="width: 2.12%; vertical-align: top;">&#160;</td>
            <td style="width: 32%; vertical-align: middle;">&#160;</td>
            <td style="width: 2.12%; vertical-align: middle;">&#160;</td>
            <td style="width: 32%; vertical-align: middle;">&#160;</td>
          </tr>

      </table>
    </div>
    <div style="font-family: Arial,Helvetica,sans-serif;"> <br>
    </div>
    <br>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageFooter">
        <div><br>
        </div>
      </div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      <div id="DSPFPageHeader">
        <div><br>
        </div>
      </div>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">EXHIBIT INDEX</div>
    <div style="text-align: center;"><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z75977cb6663f439da6bd3b8c3a52bb40">

          <tr>
            <td style="border-bottom: 1px double #000000; vertical-align: bottom; width: 10%;">
              <div>&#160;</div>
              <div style="color: #000000; font-weight: bold;">Exhibit No.</div>
            </td>
            <td style="width: 2.5%; vertical-align: bottom;">&#160;</td>
            <td style="border-bottom: 1px double #000000; vertical-align: bottom; width: 87.5%;">
              <div style="text-align: center; color: #000000; font-weight: bold;">Description</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: bottom;">&#160;</td>
            <td style="width: 2.5%; vertical-align: bottom;">&#160;</td>
            <td style="width: 87.5%; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: center; color: #000000;"><a href="us55068358-ex5_1.htm">5.1</a></div>
            </td>
            <td style="width: 2.5%; vertical-align: bottom;">&#160;</td>
            <td style="width: 87.5%; vertical-align: top;">
              <div style="color: #000000;"><a href="us55068358-ex5_1.htm">Opinion of Troutman Pepper Hamilton Sanders LLP</a></div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 10%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 2.5%; vertical-align: bottom;">&#160;</td>
            <td rowspan="1" style="width: 87.5%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: center; color: #000000;">10.1</div>
            </td>
            <td style="width: 2.5%; vertical-align: bottom;">&#160;</td>
            <td style="width: 87.5%; vertical-align: top;">
              <div style="text-align: justify; color: #000000;">USA Technologies, Inc. 2018 Equity Incentive Plan (incorporated by reference to Appendix A to the Company&#8217;s Definitive Proxy Statement on Form DEF 14A, filed with the SEC on April 2, 2018)</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 10%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 2.5%; vertical-align: bottom;">&#160;</td>
            <td rowspan="1" style="width: 87.5%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: center; color: #000000;">10.2</div>
            </td>
            <td style="width: 2.5%; vertical-align: bottom;">&#160;</td>
            <td style="width: 87.5%; vertical-align: top;">
              <div style="text-align: justify; color: #000000;">First Amendment to the USA Technologies, Inc. 2018 Equity Incentive Plan (incorporated by reference to Exhibit 10.1 to the Company&#8217;s Current Report on Form 8-K, filed with the SEC on May 26,
                2020)</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 10%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 2.5%; vertical-align: bottom;">&#160;</td>
            <td rowspan="1" style="width: 87.5%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: center; color: #000000;">10.3</div>
            </td>
            <td style="width: 2.5%; vertical-align: bottom;">&#160;</td>
            <td style="width: 87.5%; vertical-align: top;">
              <div style="text-align: justify; color: #000000;">Non-Qualified Stock Option Agreement, dated May 8, 2020, between USA Technologies, Inc. and Sean Feeney (incorporated by reference to Exhibit 10.3 to the Company&#8217;s Current Report on Form 8-K,
                filed with the SEC on May 13, 2020)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 2.5%; vertical-align: bottom;">&#160;</td>
            <td style="width: 87.5%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: center; color: #000000;">23.1</div>
            </td>
            <td style="width: 2.5%; vertical-align: bottom;">&#160;</td>
            <td style="width: 87.5%; vertical-align: top;">
              <div style="text-align: justify; color: #000000;">Consent of Troutman Pepper Hamilton Sanders LLP (included in Exhibit 5.1 to this Registration Statement)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 2.5%; vertical-align: bottom;">&#160;</td>
            <td style="width: 87.5%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: center; color: #000000;"><a href="us55068358-ex23_2.htm">23.2</a></div>
            </td>
            <td style="width: 2.5%; vertical-align: bottom;">&#160;</td>
            <td style="width: 87.5%; vertical-align: top;">
              <div style="text-align: justify; color: #000000;"><a href="us55068358-ex23_2.htm">Consent of BDO USA, LLP, Independent Registered Public Accounting
                  Firm</a></div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 2.5%; vertical-align: bottom;">&#160;</td>
            <td style="width: 87.5%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: center; color: #000000;">24.1</div>
            </td>
            <td style="width: 2.5%; vertical-align: bottom;">&#160;</td>
            <td style="width: 87.5%; vertical-align: top;">
              <div style="text-align: justify; color: #000000;">Power of Attorney (included on signature page hereto)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 2.5%; vertical-align: bottom;">&#160;</td>
            <td style="width: 87.5%; vertical-align: top;">&#160;</td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div id="DSPFPageFooter">
      <div><br>
      </div>
    </div>
  </div>
</body>
</html>
[{"type": "S-8", "sequence": "1", "filename": "us55068358-s8.htm", "description": "FORM S-8", "secsgml_size_bytes": 69260}]
{"company-data": {"conformed-name": "USA TECHNOLOGIES INC", "cik": "0000896429", "assigned-sic": "3578", "irs-number": "232679963", "state-of-incorporation": "PA", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-248105", "film-number": "201114267"}, "business-address": {"street1": "100 DEERFIELD LANE", "street2": "SUITE 300", "city": "MALVERN", "state": "PA", "zip": "19355", "phone": "6109890340"}, "mail-address": {"street1": "100 DEERFIELD LANE", "street2": "SUITE 300", "city": "MALVERN", "state": "PA", "zip": "19355"}, "former-company": {"former-conformed-name": "USA ENTERTAINMENT CENTER INC", "date-changed": "19931029"}}
As filed with the Securities and Exchange Commission on August 18, 2020
Registration No. ________
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
USA Technologies, Inc.
(Exact name of registrant as specified in its charter)
Pennsylvania
23-2679963
(State or other jurisdiction of incorporation or organization)
(I.R.S. Employer Identification No.)
100 Deerfield Lane, Suite 300
Malvern, Pennsylvania 19355
(Address, including zip code,
of registrant's principal executive offices)
NON-PLAN INDUCEMENT STOCK OPTIONS
(Full title of the plan)
Davina Furnish
General Counsel
USA Technologies, Inc.
100 Deerfield Lane, Suite 300
Malvern, Pennsylvania 19355
(610) 989-0340
(Name, address, including zip code, and telephone number,
including area code, of agent for service)
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large
      accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer
☐
Accelerated filer
☒
Non-accelerated filer
☐
Smaller reporting company
☐
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to
      Section 7(a)(2)(B) of the Securities Act.
☐
CALCULATION OF REGISTRATION FEE
Title of Securities to be Registered
Amount to be
Registered (1)
Proposed Maximum
Offering Price
Per Share (2)
Proposed Maximum
Aggregate Offering
Price (2)
Amount of
Registration
Fee
Common Stock, no par value
1,000,000
$
6.30
$
6,300,000
$
817.74
(1)
Represents 1,000,000 shares of USA Technologies, Inc.'s (the "Company") common stock, no par value (the "Common Stock"), underlying stock options granted to the
                Company's new Chief Executive Officer as an inducement award for his employment with the Company (the "Inducement Award"). Vesting and exercisability of the stock options are subject to, among other terms, the satisfaction of applicable
                time-based and performance-based vesting requirements. Pursuant to Rule 416 of the Securities Act of 1933, as amended (the "Securities Act"), this Registration Statement also covers any additional shares of Common Stock which become
                issuable by reason of any stock split, stock dividend or similar transaction effected without the receipt of consideration which results in an increase in the number of the Company's outstanding shares of Common Stock.
(2)
Calculated pursuant to 457(h) under the Securities Act based on $6.30, the exercise price per share of the stock options granted pursuant to the Inducement Award.
EXPLANATORY NOTE
The Company is filing this Registration Statement on Form S-8 for the purpose of registering 1,000,000 shares of Common Stock underlying an inducement award in the form of a non-qualified stock
      option granted to Sean Feeney on May 8, 2020 to induce him to accept employment with the Company. This inducement award was approved by the Compensation Committee of the Company's Board of Directors and the Company's Board of Directors outside of,
      but subject to certain administrative provisions generally consistent with, the Company's 2018 Equity Incentive Plan, as amended.
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
The information called for in Part I of this Registration Statement is included in the Section 10(a) prospectus to be sent or given to Mr. Feeney as specified by Rule 428(b)(1) of the Securities Act. In accordance with
        Rule 428 and the Note to Part I of Form S-8, the information is not being filed with the Securities and Exchange Commission (the "Commission") either as part of this Registration Statement or as a prospectus or prospectus supplement pursuant to
        Rule 424 of the Securities Act.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The Company is subject to the informational requirements of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and, in accordance therewith, files reports and other information with the Commission.
        The following documents, or portions thereof, filed by the Company with the Commission pursuant to the Exchange Act, are incorporated by reference in this Registration Statement:
(a) The Company's Annual Report on Form 10-K and Form 10-K/A for the fiscal year ended June 30, 2019, filed on October 9, 2019 and November 14, 2019;
(b) The Company's Quarterly Report on Form 10-Q for the quarters ended September 30, 2019, December 31, 2019 and March 31, 2020, filed on November 12, 2019 (and the amendment thereto filed on Form 10-Q/A on February
        18, 2020), February 18, 2020 and June 24, 2020, respectively;
(c) The Company's Current Reports on Form 8-K filed July 16, 2019, September 4, 2019, September 9, 2019, September 20, 2019, September 24, 2019, October 1, 2019, October 9, 2019, October 9, 2019 (both Form 8-Ks filed
        on such date), October 18, 2019, October 18, 2019 (both Form 8-Ks filed on such date), November 1, 2019, November 12, 2019, November 12, 2019 (both Form 8-Ks filed on such date), November 27, 2019, February 4, 2020, February 6, 2020, February 18,
        2020, March 2, 2020, March 9, 2020, March 26, 2020, April 27, 2020, April 28, 2020, May 5, 2020, May 7, 2020, May 13, 2020, May 26, 2020, June 3, 2020, June 24, 2020, July 2, 2020, July 6, 2020, July 21, 2020, August 14, 2020 and August 17, 2020
        (except for the information furnished under Items 2.02 or 7.01 and the exhibits furnished therewith);
(d) All other reports filed by the Company pursuant to Section 13(a) or 15(d) of the Exchange Act since the end of the fiscal year covered by the Company's Annual Report referred to in (a) above; and
(e) the description of the Company's Common Stock contained in its Registration Statement on Form 8-A (No. 001-33365), filed on March 15, 2007 pursuant to Section 12(b) of the Securities Exchange Act of 1934, including
        Exhibit 4.2 to our Annual Report on Form 10-K for the fiscal year ended June 30, 2019.
In addition, all documents subsequently filed by the Company with the Commission pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a post-effective amendment that (a) indicates
        that all securities offered under this Registration Statement have been sold, or (b) deregisters all securities then remaining unsold under this Registration Statement, shall be deemed to be incorporated by reference in this Registration Statement
        and to be a part of this Registration Statement from the date of filing of any such documents.
Any statement contained herein or in a document incorporated or deemed to be incorporated by reference in this Registration Statement will be deemed to be modified or superseded for purposes of this Registration
        Statement to the extent that a statement contained herein or in any subsequently filed document that is also incorporated or deemed to be incorporated by reference in this Registration Statement modifies or supersedes such statement. Any statement
        so modified or superseded will not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.
Item 4. Description of Securities.
Not applicable.
Item 5. Interests of Named Experts and Counsel.
Not applicable.
Item 6. Indemnification of Directors and Officers.
Section 1746 of the Pennsylvania Business Corporation Law of 1988, as amended ("BCL"), authorizes a Pennsylvania corporation to indemnify its officers, directors, employees and agents under certain circumstances
        against expenses and liabilities incurred in legal proceedings involving such persons because of their holding or having held such positions with the corporation and to purchase and maintain insurance of such indemnification. Our By-laws
        substantively provide that we will indemnify our officers, directors, employees and agents to the fullest extent provided by Section 1746 of the BCL.
Section 1713 of the BCL permits a Pennsylvania corporation, by so providing in its By-laws, to eliminate the personal liability of a director for monetary damages for any action taken unless the director has breached
        or failed to perform the duties of his office and the breach or failure constitutes self-dealing, willful misconduct or recklessness. In addition, no such limitation of liability is available with respect to the responsibility or liability of a
        director pursuant to any criminal statute or for the payment of taxes pursuant to Federal, state or local law. Our By-laws eliminate the personal liability of the directors to the fullest extent permitted by Section 1713 of the BCL.
In addition, the Company has entered into separate indemnification agreements with its Directors and certain officers which require the Company to indemnify each of such officers and directors to the fullest extent
        permitted by the law of the Commonwealth of Pennsylvania against certain liabilities which may arise by reason of their status as directors and officers. The indemnification agreements also provide that the Company must advance all expenses
        incurred by the indemnified person in connection with any proceeding, provided the indemnified person undertakes to repay the advanced amounts if it is determined ultimately that the indemnified person is not entitled to be indemnified.
Item 7. Exemption from Registration Claimed.
Not applicable.
Item 8. Exhibits.
Exhibit No.
Description
5.1
Opinion of Troutman Pepper Hamilton Sanders LLP
10.1
USA Technologies, Inc. 2018 Equity Incentive Plan (incorporated by reference to Appendix A to the Company's Definitive Proxy Statement on Form DEF 14A, filed with the SEC on April 2, 2018)
10.2
First Amendment to the USA Technologies, Inc. 2018 Equity Incentive Plan (incorporated by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K, filed with the SEC on May 26, 2020)
10.3
Non-Qualified Stock Option Agreement, dated May 8, 2020, between USA Technologies, Inc. and Sean Feeney (incorporated by reference to Exhibit 10.3 to the Company's Current Report on Form 8-K, filed with the SEC on
                May 13, 2020)
23.1
Consent of Troutman Pepper Hamilton Sanders LLP (included in Exhibit 5.1 to this Registration Statement)
23.2
Consent of BDO USA, LLP, Independent Registered Public Accounting Firm
24.1
Power of Attorney (included on signature page hereto)
Item 9. Undertakings.
(a) The undersigned registrant hereby undertakes:
(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:
(i) To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;
(ii) To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate,
        represent a fundamental change in the information set forth in this registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed
        that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume
        and price represent no more than a 20 percent change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in this effective registration statement; and
(iii) To include any material information with respect to the plan of distribution not previously disclosed in this registration statement or any material change to such information in this registration statement;
Provided, however,
that paragraphs (a)(1)(i) and (a)(1)(ii) of this section do not apply if the information required to be included in a post-effective amendment by those
        paragraphs is contained in reports filed with or furnished to the Commission by the registrant pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in this registration statement.
(2) That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein,
        and the offering of such securities at that time shall be deemed to be the initial
bona fide
offering thereof; and
(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
(b) The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Securities
        Exchange Act of 1934 (and, where applicable, each filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in the registration statement shall be deemed
        to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(c) Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has
          been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such
          liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer
          or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question
          whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has
      duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Malvern, State of Pennsylvania, on August 18, 2020.
USA TECHNOLOGIES, INC.
By:
/s/  Sean Feeney
Sean Feeney
Chief Executive Officer
POWER OF ATTORNEY
The undersigned directors and officers hereby constitute and appoint Sean Feeney and R. Wayne Jackson, and each of them, with full power to act and with full power of substitution and resubstitution,
      our true and lawful attorneys-in-fact with full power to execute in our name and behalf in the capacities indicated below any and all amendments to this Registration Statement on Form S-8, including post-effective amendments to this Registration
      Statement on Form S-8, and to sign any and all additional registration statements relating to the same offering of securities as this Registration Statement on Form S-8 that are filed pursuant to the requirements of the Securities Act, and to file
      the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, and hereby ratify and confirm that such attorneys-in-fact, or their or his substitute or substitutes, may lawfully do or
      cause to be done by virtue thereof.
Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.
Signature
Title
Date
/s/ SEAN FEENEY
Chief Executive Officer and Director
(Principal Executive Officer)
August 18, 2020
Sean Feeney
/s/ R. WAYNE JACKSON
Chief Financial Officer
(Principal Financial Officer)
August 18, 2020
R. Wayne Jackson
/s/ GLEN E. GOOLD
Chief Accounting Officer
(Principal Accounting Officer)
August 18, 2020
Glen E. Goold
/s/ DOUGLAS G. BERGERON
Director (Chair of the Board)
August 18, 2020
Douglas G. Bergeron
/s/ LISA P. BAIRD
Director
August 18, 2020
Lisa P. Baird
/s/ DOUGLAS L. BRAUNSTEIN
Director
August 18, 2020
Douglas L. Braunstein
/s/ JACOB LAMM
Director
August 18, 2020
Jacob Lamm
/s/ MICHAEL K. PASSILLA
Director
August 18, 2020
Michael K. Passilla
/s/ ELLEN RICHEY
Director
August 18, 2020
Ellen Richey
/s/ ANNE M. SMALLING
Director
August 18, 2020
Anne M. Smalling
/s/ SHANNON S. WARREN
Director
August 18, 2020
Shannon S. Warren
EXHIBIT INDEX
Exhibit No.
Description
5.1
Opinion of Troutman Pepper Hamilton Sanders LLP
10.1
USA Technologies, Inc. 2018 Equity Incentive Plan (incorporated by reference to Appendix A to the Company's Definitive Proxy Statement on Form DEF 14A, filed with the SEC on April 2, 2018)
10.2
First Amendment to the USA Technologies, Inc. 2018 Equity Incentive Plan (incorporated by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K, filed with the SEC on May 26,
                2020)
10.3
Non-Qualified Stock Option Agreement, dated May 8, 2020, between USA Technologies, Inc. and Sean Feeney (incorporated by reference to Exhibit 10.3 to the Company's Current Report on Form 8-K,
                filed with the SEC on May 13, 2020)
23.1
Consent of Troutman Pepper Hamilton Sanders LLP (included in Exhibit 5.1 to this Registration Statement)
23.2
Consent of BDO USA, LLP, Independent Registered Public Accounting
                  Firm
24.1
Power of Attorney (included on signature page hereto)