No Credit or Debit? No Problem! Amazon Cash is here

[WMGroomAK]

In a bid to reach people that do not have Credit or Debit cards with online shopping, Amazon is introducing Amazon Cash.  Basically, you take money to a participating store that will take your cash and place the balance (from $15 to $500) into your Amazon Account for you to purchase stuff online.  

 

Quote

Customers with Android- or iOS-based smartphones can simply present the barcode on your phone, or if you don’t have a smartphone, you can print out the barcode for scanning purposes. Amazon says that daily limits may apply when adding cash to your account, but that those restrictions will vary by retailer.

 

This is being geared at people who do not have or use Credit or Debit cards.  From the article:

 

Quote

This is just another way for Amazon to reach the 7 percent of U.S. households that are “unbanked” and the 19.9 percent of households that are “underbanked”. Customers previously could have just bought an Amazon gift card at a brick-and-mortar store and added the balance to their online Amazon account, but Amazon Cash is a slightly more elegant solution.

 

http://hothardware.com/news/amazon-cash-enables-amazon-online-shopping-without-a-bank-card

 

 

Honestly, I'm a little doubtful on how well this will work, especially with some low income families, but hopefully if they can get some products that they need cheaper, then all the better...  

[NumLock21]

Isn't this just a gift card?

Those brand names doe. Kum and Go. Sheetz fresh food...

[Guest]

And what's that make a difference to this?

[Guest]

1 minute ago, NumLock21 said:

Isn't this just a gift card?

you ninjad it damn it

[Guest]

Just now, NumLock21 said:

Isn't this just a gift card?

 

Just now, deXxterlab97 said:

And what's that make a difference to this?

 

Custom amounts. Want some £37.45? You don't have to buy a £50 gift card and have £12 sitting waiting for you to spend at Amazon

[NumLock21]

Just now, AUniqueName said:

 

Custom amounts. Want some £37.45? You don't have to buy a £50 gift card and have £12 sitting waiting for you to spend at Amazon

They have custom gift cards with $5-$500 amount.

[WMGroomAK]

1 minute ago, NumLock21 said:

Isn't this just a gift card?

 

1 minute ago, deXxterlab97 said:

 

And what's that make a difference to this?

 

One of the main differences is that this is Cash Only transaction...  A gift card can be purchased via credit or debit.  

[Guest]

Just now, WMGroomAK said:

 

One of the main differences is that this is Cash Only transaction...  A gift card can be purchased via credit or debit.  

You can't buy gift cards with cash?

[NumLock21]

1 minute ago, WMGroomAK said:

 

One of the main differences is that this is Cash Only transaction...  A gift card can be purchased via credit or debit.  

you can buy Amazon gift card with cash by getting at your local store that sells it.

[WMGroomAK]

Just now, deXxterlab97 said:

You can't buy gift cards with cash?

You can, but I don't think Amazon Cash will allow you to deposit Cash into your Amazon account via Credit or Debit...  

[Mira Yurizaki]

Gift cards rarely cost the amount that's on them. And to some people, that extra $1-$2 means the world.

[WMGroomAK]

Another point of consideration might be the security aspect of this...  On a Gift Card or Cash, until it is redeemed onto the Amazon Account, it is vulnerable to theft.  With Amazon Cash, it operates similar to a direct deposit into your account so you don't have to worry about losing the card or getting it stolen.

[Teddy07]

I think it is great. I mean it can only be positive and some people will use it

[Guest]

10 minutes ago, NumLock21 said:

They have custom gift cards with $5-$500 amount.

That you buy on Amazon, with a Debit or Credit card, no?

[HarryNyquist]

So, 3 gas stations, 3 supermarkets, and CVS Pharmacy.

I can't imagine how well this won't go.

[WMGroomAK]

Just as the funny story that can be written off of this:

 

'In the near future, when everyone has switched over to the Bank of Amazon, they order all of their daily needs from Amazon that are then delivered to their Amazon homes using Amazon drones.  Shortly there after, Amazon has achieved the goal of Supreme Leader Bezos and is declared the One World Power.'

[The Benjamins]

2 minutes ago, WMGroomAK said:

Just as the funny story that can be written off of this:

 

'In the near future, when everyone has switched over to the Bank of Amazon, they order all of their daily needs from Amazon that are then delivered to their Amazon homes using Amazon drones.  Shortly there after, Amazon has achieved the goal of Supreme Leader Bezos and is declared the One World Power.'

Do you expect me to roll my fat American ass to my car to drive 2.7 miles to get some packing tape to return the XXL I <3 cheese burger shirt that is too small or get it delivered by drone in 2 hours. Let's be honest their is no way I'm leaving my seat. :^)

[ivan134]

Kum & go....teehee

[NumLock21]

38 minutes ago, AUniqueName said:

That you buy on Amazon, with a Debit or Credit card, no?

no, you buy at local store or supermarket.

 

[Guest]

4 minutes ago, NumLock21 said:

no, you buy at local store or supermarket.

Never seen those in the UK

[NumLock21]

Just now, AUniqueName said:

Never seen those in the UK

they should have it in bestbuy

[Lurick]

56 minutes ago, NumLock21 said:

Isn't this just a gift card?

Those brand names doe. Kum and Go. Sheetz fresh food...

Sheetz actually makes some pretty good food, better than some fast-food joints.

 

Kum and Go, lol

[NumLock21]

44 minutes ago, WMGroomAK said:

Just as the funny story that can be written off of this:

 

'In the near future, when everyone has switched over to the Bank of Amazon, they order all of their daily needs from Amazon that are then delivered to their Amazon homes using Amazon drones.  Shortly there after, Amazon has achieved the goal of Supreme Leader Bezos and is declared the One World Power.'

BOA the hipster bank.

Pass by everyday and you see a stupid line a mile long with people waiting to use their ATMs.

[DarkBlade2117]

4 hours ago, NumLock21 said:

Isn't this just a gift card?

Those brand names doe. Kum and Go. Sheetz fresh food...

don't fuck with sheetz

[FratStar]

Kum and Go and Sheetz hahaha beautiful brand names that can be easily thrown together to mean something else.

 

Anyway this will be something I will never use. It's nice to give people options, but idk who this is really for.