PayCode, which is already out there in 19 nations, permits U.S. customers to pay in money at one of many roughly 15,000 Western Union places of work in the US.
A shopper who selects the PayCode choice at checkout has 24 hours to pay in money at a Western Union. As soon as she has paid, Amazon will ship her buy.
“Clients have instructed us they love the comfort of paying in money,” says Ben Volk, director, funds at Amazon. “Along with Western Union, we’re in a position to provide clients extra procuring selections, enabling them to pay for his or her on-line purchases in a method that’s handy for them.”
The PayCode launch is one piece in a multipronged Amazon technique to enchantment to U.S. households that shouldn’t have a checking account. 6.5% of U.S. households shouldn’t have a checking account, in keeping with a 2017 Federal Deposit Insurance coverage Corp. survey that was launched final yr. Whereas that share was down from a half a proportion level from the earlier yr, it nonetheless accounts for roughly 8.4 million U.S. households.
Along with PayCode, the retail big additionally presents a program it calls Amazon Money that lets clients load between $5 and $500 in money to their Amazon Steadiness at greater than 100,000 cash-loading areas throughout the US, together with 7-Eleven and CVS shops. A shopper begins the method by verifying his cell phone quantity and figuring out a taking part location at amazon.com/amazoncash. When the buyer arrives on the location, he can add money to his account by presenting his cell phone quantity. The funds can be found instantly, and there aren’t any extra charges.
Amazon in recent times additionally has sought to broaden its attain to shoppers who obtain authorities help. In 2017 it launched a reduced membership to its Prime loyalty program for shoppers who’ve a legitimate Digital Advantages Switch (EBT) card. Shoppers with an EBT card pays $5.99 a month for Prime, which is lower than half the $12.99 a month cost the retailer costs different customers who’re billed month-to-month.
Amazon is No. 1 within the Web Retailer 2019 Prime 1000.
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