Amazon rolls out a cash payment option for online orders in the US

Amazon rolls out a cash payment option for online orders in the US 1

The two companies launched PayCode earlier this year. It’s available in 19 other countries, particularly ones in which it’s more common to pay with cash instead of a debit or credit card. Around 80 percent of Americans live within five miles of one of the 15,000 participating Western Union locations, Amazon claims. PayCode goes live in the US today, and will roll out across the country in the coming weeks.

“Customers have told us they love the convenience of paying in cash,” Ben Volk, director of payments at Amazon, said in a statement. “Together with Western Union, we’re able to offer customers more shopping choices, enabling them to pay for their online purchases in a way that is convenient for them.”

With PayCode, Amazon will surely be hoping to reach potential customers who typically prefer to shop at brick-and-mortar stores. However, the system may still not be viable for people who don’t have a smartphone (or a way to print a QR code) or those without photo ID — a requirement when paying for Amazon orders at a Western Union.

The company says 77 percent of US payments were made in person last year, and of those 39 percent were with cash, per the Federal Reserve Bank of San Francisco. Many people don’t have a bank account or credit card and not everyone is willing to load up a pre-paid debit card. Amazon Go grocery stores were intended to be cashless, but Amazon has started to accept physical money there.

Meanwhile, Amazon Cash is now available at more than 100,000 locations across the US, including Western Union. The service allows people to load cash into their Amazon account, offering them another payment option.

About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews

Crypto Scams

Cryptosoft Trading Bot Review
June 27, 2022
The Largest Crypto Scams Of 2022 (So Far)
The Largest Crypto Scams Of 2022 (So Far)
June 14, 2022
How Do Scammers Entice Their Prey?
May 10, 2022
Beanstalk Farms Loses $80M In A Massive DeFi Governance Flash-Loan Hack
Beanstalk Farms Loses $80M In A Massive DeFi Governance Flash-Loan Hack
April 23, 2022
Joon Pak Head of Crypto at Prove talks to Us about Crypto Fraud And More
April 11, 2022

Automated trading with HaasBot Crypto Trading Bots

Blockchain/Cryptocurrency Questions and Answers

Is The Crypto Market Combating A Lehman Brothers Moment?
Is The Crypto Market Combating A Lehman Brothers Moment?
June 30, 2022
Roundtable Interview-What is the Effect of The Russia-Ukraine War on Cryptocurrency Prices?
March 4, 2022
How Does Bitcoin Casino Work + 2021 Beginner’s Guide
November 8, 2021
How to Buy and Sell Cryptocurrency
November 8, 2021
What Are Bitcoin Futures And How Will They Work In 2022?
November 4, 2021

CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin19,225 0.04 % 4.23 % 3.79 %
Ethereum1,030.0 0.04 % 7.30 % 2.01 %
Tether1.002 0.25 % 0.04 % 0.05 %
USD Coin1.001 0.02 % 0.12 % 0.13 %
BNB211.25 0.39 % 3.58 % 1.55 %
Binance USD1.002 0.43 % 0.20 % 0.05 %
XRP0.3131 0.55 % 4.59 % 2.99 %
Cardano0.4470 0.49 % 4.34 % 2.68 %
Solana32.08 0.12 % 6.49 % 6.27 %
Dogecoin0.06446 0.24 % 3.43 % 4.33 %

Bitcoin (BTC) $ 19,247.82
Ethereum (ETH) $ 1,034.46
Tether (USDT) $ 1.00
USD Coin (USDC) $ 1.00
BNB (BNB) $ 210.86
Binance USD (BUSD) $ 1.01
XRP (XRP) $ 0.312848
Cardano (ADA) $ 0.446952
Solana (SOL) $ 32.09
Dogecoin (DOGE) $ 0.064531