No Credit Card? Pay With Amazon Cash

Well Amazon being as loyal as ever came up with a solution for these people with a new service, Amazon Cash.

Again, this Amazon Cash barcode can already be used in thousands of locations in the U.S., including pharmacies, grocery stores and convenience stores like CVS, Speedway, Sheetz, Kum & Go, D&W Fresh Market, Family Fare Supermarkets, and VG's Grocery. They will then have to generate an Amazon Cash barcode linked to their Amazon account - which can be used repeatedly to add cash at partner stores.

To use the service, customers show their barcode to the store cashier, and tell them how much cash they want to apply to their Amazon account. While it is certainly similar to other digital payment programs-in that it allows you to make payments online without a credit card-it is different because it is exclusive to Amazon's flagship site (among a few other things).

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. Hand the cashier the bar code and the amount of cash you want to deposit (between $15 and $500 in a single transaction), and you're good to go.

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.

This is an wonderful step by the company as it will be targeting that segment of customers who don't use Amazon just because of the bank card issue.

A significant segment of the US population has little or no access to financial services. And according to researchers at IDC, so-called "cash customers" account for 27 percent of consumers. What is the difference between my Amazon Balance and my Gift Card Balance? At any time, you can also view your Amazon Balance activity under Your Account.

  • Jacqueline Ellis