In a bid to reach unbanked consumers as well as those who prefer cash, Amazon has debuted a new service that enables consumers to load cash to Amazon accounts at U.S. brick-and-mortar merchant locations and then use those funds to make online purchases through Amazon. The Amazon Cash bar code can be generated by visiting the Amazon Cash site and can be accessed through various sources like Amazon's website, the mobile app and can even be saved to the Android home screen or the iOS Wallet.
"Amazon Cash" lets you to pay with a barcode at participating retailers and deposit cash straight into your Amazon account.
Besides CVS and Speedway, other retailers include Sheetz, Kum & Go, D&W Fresh Market, Family Fare and VG's Grocery.
Amazon Cash also shares traits with PayNearMe, which works with a similar network of retailers but markets its service more for bill payment than e-commerce. It allows buyers to check out items with the use of cash rather than the usual use of bank cards.
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Amazon has announced ' Amazon Cash', a new way to add cash to your Amazon balance at thousands of participating convenience, grocery, and drug stores. They will then manually enter the amount you want to transfer, and it would then be credited. Amazon also reports they will continue to add more retail partners every month. The new service is geared towards customers that don't have a credit card with which to make Amazon purchases.
Unfortunately, adding money to your Amazon account this way seems like a one-way transaction, so make sure you're actually ready to spend that money before you load it onto your account. No problem, for Amazon shoppers. Until today, they would have to buy an Amazon Gift Card in a designated amount or add cash to prepaid payment cards, to be used at checkout. Users tell the clerk how much cash to add, between $15 and $500 at once, and the funds arrive instantly in an Amazon.com stored-value account. This is a limited time offer, one per Amazon customer account.
A significant segment of the US population has little or no access to financial services.