Amazon Cash - Use cash to shop on Amazon

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Doesn't apply for most people here on PH but I know grandma and grandpa would like this.
I disagree, it 100% applies to me, ironically because I almost never use cash...here's why... Like many people I know, I use a bank that is 100% online (Ally now, Charles Schwab prior). It's been a great experience with 1 caveat, I can't deposit cash easily. The times I actually HAVE cash to deposit isn't that frequent, but when it happens, it's a big annoyance. Take for instance, the once every 1-2 months Craigslist transaction. Selling an old phone for a few hundred bucks, etc.. Currently, my wife and I basically stash that cash near the front door and have to constantly remind ourselves to use the cash first to get rid of it. Gets really annoying, because ironically the more you use cash, the more you end up physically having because of the constant bill splitting. Now with this, I can essentially make a "deposit" to get rid of any cash into Amazon, which we have a regular spendature on a weekly basis. To me, this is freaking awesome.
Thanks for the great use case Noah!
Do most of us on PH use an online only bank that doesn't give you easy access to ATMs?
don't think I ever said "most". I was merely presenting a real world, and common , use case. Also both Schwab and Ally don't allow deposits at 3rd party atms, and neither of those banks have their own ATM's. AFAIK, no online-only bank has their own 1st-party network of ATM's which means you can't make cash deposits. You always have to wire or physically send in a money order. Both of which are huge hassles.
Noah, next time give cash to a friend that then venmo you! Easier and quicker! ;-)
No, thanks. I prefer my 5% cashback instead.
For those that don't know how to get 5% cashback from Amazon:
They recently offered a $10 credit when you load $50.
BRB, buying more Amazon stock.
This is very interesting. Possibly the infrastructure is built so it can be rolled out to India soon and while regulatory loopholes are being jumped through, they decided to launch a version in the US.
There are millions who will use this. Many people don't like putting their credit card information online.
Interesting as it was Amazon was one of the first companies that got us to trust using our credit cards online.
✌️ Great job! Added to:
the game keeps changing
I'm assuming the target is people who don't qualify for credit cards/can't get a paypal account?
Why does Amazon reinvent paper money instead of using Bitcoin or Ether for example? 🤔
I think it is for use in developing and primarily cardless economies like India, or Middle East where Amazon just acquired a local biggest eCommerce platfor souq.com. Souq.com has more than 70 percent transactions via Cash On Delivery.
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