Amazon doubles down on a new/old payment method for online purchases….Cash, Benjamin’s, Stacks, Dough, Moola.
Amazon is really better known for parting you from your credit, ATM, or Paypal, but they’re now rolling out something they’ve already tried in 19 other countries. Plain old cash.
It’s called Amazon PayCode.
The program allows customers to pay for their online orders at any Western Union location.
According to Amazon, 80% of Americans live within 5 miles of one of the 15 thousand participating Western Unions.
The payment process works like this:
- Select the PayCode option when checking out
- Receive a QR code
- Then, they have 24 hours to pay up in cash at the local Western Union
Why is Amazon into cash?
Last year, cash was still the most frequent method of payment in the US, accounting for 31% of all transactions more than online payments, credit cards, debit cards, or checks.
Amazon’s Go stores started accepting cash after debuting as cash-less, and the company also runs a program called Amazon Cash that enables customers to pre-load money into Amazon accounts.