Amazon launches Amazon Cash
Earlier this week, Amazon unveiled a new service that aims cash customers who never use a bank account or a debit card. According to a FDIC report issued back in 2015, almost one-quarter of US consumers are in this situation. The name of the service is Amazon Cash, and its features make it similar to the PayPal My Cash Card.
Amazon Cash has a Green Dot-powered barcode-only service and will hit multiple US retailers, including Speedway, Sheetz, Kum & Go, D&W Fresh Market, CVS Pharmacy, Family Fare Supermarkets, and VG’s Grocery. Other stores will be added in the future as well.
Thanks to this service, those interested can add between $15 USD and $500 USD to their Amazon accounts. The barcode can be printed at home or can be received via a text message. Once in possession of the barcode, the Amazon customer must go into a participating store and show it to the cashier to add money to the personal Amazon Balance.
Amazon Cash is only available in the US for now and comes without any fees.