Online Broadband Guide
Online Broadband Guide


Amazon.com, Inc. Launches Amazon Cash For The Unbanked And Underbanked

Amazon.com, Inc. Launches Amazon Cash For The Unbanked And Underbanked

Amazon has launched a new way for customers to shop its site without using a bank card or credit card.

The e-commerce giant on Monday introduced a service called Amazon Cash, which lets people instantly add money to their Amazon accounts when visiting more than 10,000 retail locations, including CVS and Sheetz.

Before now, it's been hard to transfer cash directly into your Amazon account.

Amazon Cash will be available at brick-and-mortar retailers across the USA, including CVS Pharmacy, Speedway, Sheetz, Kum & Go, D&W Fresh Market, Family Fare Supermarkets, and VG's Grocery. It is also possible to add the same to the Wallet app on iOS and as a homescreen shortcut on Android. Amazon is building Go, an experimental store that doesn't require a checkout, instead using in-store sensors to charge a user's Amazon account for in-store shopping.

Amazon.com, Inc. (NASDAQ:AMZN) just unveiled a new service aimed at allowing new customers to shop on their platform who traditionally may not have had access to it. Yes, you can only add an amount between $15 and $500 in a single Amazon Cash transaction. -- Does Amazon Cash cost anything to use?

"Amazon's service is open to anyone who has a mobile phone", said Richard Crone, a payments consultant, adding the system adds authentication via the phone credentials, the Amazon log in and the consumer showing his or her phone at the retailer.

Money added via Amazon Cash is available as soon as you checkout at the register - you'll be alerted with an email, text, and push notification.

The Amazon Cash service is now being rolled out only in the United States.

First, users need to go to Amazon.com, log into their accounts, and go to the Amazon Cash page.

"Estimates from the FDIC 2015 survey indicate that 7.0 percent of households in the United States were unbanked in 2015".

follow

editors' picks

April 03, 2017
Two dead, tens of thousands stranded by Australia floods
Kathleen Cameron has 19 pets and says she's not going to adhere to flood evacuation orders until they are all high and dry. But as it tracked southeast as a tropical low it dumped huge amounts of rain all the way down the eastern coast.

April 03, 2017
Judge to Trump: No protection for speech inciting violence
Marco Rubio, an early presidential candidate, expressing concern that someone could be killed at one of his rival's rallies. This context may support the plaintiffs' claims of negligence and incitement by Mr Trump and his campaign, the judge said.

April 03, 2017
Badminton: Sindhu beats Marin to lift India Open title
After the breather, Hyun reduced the margin to 12-10 but Sindhu returned Hyun's serve with a smash to break the pattern. The second game was no different as Sindhu and Hyun again engaged in fierce rallies with some brilliant stroke play.

April 02, 2017
Johanna Konta v Caroline Wozniacki: Miami Open women's final
In her two finals this year, both in February, Wozniacki was beaten by Pliskova at Doha and by Ukrainian Elina Svitolina at Dubai. Konta, who in June 2015 was the world number 146, will climb to seventh from 11th in the rankings - her highest yet.

April 02, 2017
Mourinho: We can't cry over players who are not available
The match continued in the same pattern after the break with West Brom soaking up United's timid attacking play. Before and after they are on holidays. "One team had the ball, one team didn't".

April 01, 2017
Dylann Roof expected to plead guilty in state murder trial
Roof's plea deal with the state to spend life in prison "just gives an insurance policy against that". The emotional federal trial included testimony from two women who survived Roof's rampage.

April 01, 2017
Xi-Trump meeting to set course of bilateral ties: China
In a tweet after the USA and China announced the summit, President Trump predicted a "very hard meeting". Trump is to host Xi at his resort in Florida, what some are dubbing his weekend "White House".

March 31, 2017
Sean Spicer snaps at reporter April Ryan: 'Stop shaking your head'
Then, when Ryan had enough and displayed her disapproval, Spicer told her to "please, stop shaking your head again". He made the joke during Monday's White House press conference.

March 30, 2017
South African finance minister pulled from overseas tour
The currency had even more jitters as Gordhan reported to the ruling party's headquarters, fresh from his flight on March 28. The president removed Nhlanhla Nene as finance minister in 2015 and replaced him with Des van Rooyen.

March 30, 2017
Auston Matthews sets Leafs rookie record for goals; breaks Wendel Clark's record
William Nylander had an assist on Matthews' goal, extending his point streak to 11 games, also a Leafs rookie record. I got a ton of respect for (the officials). "They told me he wasn't available today, but things are real good".