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Amazon Cash

Use cash to shop on Amazon

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Spencer P Shulem@spshulem · Founder, WeDo
Amazon: "We ran out of ways to get peoples money. We need to find people who can't give us money yet."
Brian Lee@kay0stheory · code monkey @ theymadethat
Doesn't apply for most people here on PH but I know grandma and grandpa would like this.
Noah Kim@wuss · Startup in Progress ▓▓▓▓▓▓▓░░░░ 60%
@kay0stheory 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.
Smokie@xtoq · Smokie Does Stuff
@wuss @kay0stheory Thanks for the great use case Noah!
Brian Lee@kay0stheory · code monkey @ theymadethat
@wuss Do most of us on PH use an online only bank that doesn't give you easy access to ATMs?
Noah Kim@wuss · Startup in Progress ▓▓▓▓▓▓▓░░░░ 60%
@kay0stheory 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! ;-)
Matthew Boyle@matthewboyle25 · Matt
@kay0stheory If grandma and grandpa uses the internet then surely grandma and grandpa use credit cards? I may be wrong and I'm sure Amazon know a lot more than me but I think having a credit card comes before having the Internet.
Noah Kim@wuss · Startup in Progress ▓▓▓▓▓▓▓░░░░ 60%
@zac_46 Hah.. never thought of that. Possible option too, but my guess is my friends also don't want to carry around hundreds of dollars in cash. In the age of no/minimal wallets, who has space to break a hundred dollar bill ;).
Brian Lee@kay0stheory · code monkey @ theymadethat
@matthewboyle25 They pay for internet service by mail. No they do not use credit cards on the net out of fear of getting ripped off, which is a real possibility given the sophistication of stuff like phishing these days, and yes I have explained why it's safe to use a credit card on Amazon.
Brian Lee@kay0stheory · code monkey @ theymadethat
@wuss You didn't. I mentioned it i.e. "This isn't useful for most people on PH" You disagreed with what I posted. ;) That said aside from grandma and grandpa, it's also probably useful for many people in the lower income bracket, who don't have access to either credit or banking services. Again it probably doesn't apply to most PH users, but I could be wrong.
Ben Tossell@bentossell · Community Lead, Product Hunt
Announced on TechCrunch Amazon Cash will be available at brick-and-mortar retailers across the U.S., including CVS Pharmacy, Speedway, Sheetz, Kum & Go, D&W Fresh Market, Family Fare Supermarkets, and VG’s Grocery. Other stores will be added in the future.
Evan Zhou@evanczhou · Co-Founder, STEEZY
BRB, buying more Amazon stock.
Jipy Mohanty@jipy9 · Tinkerer
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.