Amazon Bringing Cash Payments to the US

Amazon Bringing Cash Payments to the US

The e-commerce giant said on Wednesday that it is preparing a cash payment option for American customers that has already been used in 19 other countries.

The “Amazon PayCode” option is in partnership with payment firm Western Union.

Amazon said in a statement that customers will be able to take their greenbacks to one of the 15,000 Western Union locations to pay their purchases at no additional charge.

“We are constantly innovating on behalf of our customers to improve the shopping experience, and are proud to expand Amazon Paycode to customers in the US,” said Ben Volk, the company’s head.

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“Customers have told us that they love the convenience of paying in cash. Together with Western Union, we are able to provide customers with more shopping options, enabling them to pay for online shopping Which is convenient for them. ”

The new service combines the Amazon Cash System, which allows customers to make gifts or payment cards with cash by visiting retail locations such as CVS pharmacies or 7-Eleven convenience stores.

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The move comes with a worldwide trend toward “cashless” shopping and new technologies such as facial recognition.

Some activists have argued that steps away from cash negatively impact people without access to the banking system and may reduce privacy.

Also Read: Amazon may launch a hand recognition payment system.

Amazon said data from the Federal Reserve Bank of San Francisco showed that 77 percent of payments were made in the US in 2018 and 39 percent of that cash was volume.

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