This is basically a rip off of level up's app/idea
Amazon Cash
161–170 of 206 posts
Re: Amazon Cash
#162Earlier quoted context omitted.
Also, Amazon has Cash On Delivery option in India.
That way you don't have to pay service tax to the credit card company for the transaction.
Saving the credit card charge isn't a win. Turns out that operating cash-on-delivery has significant overhead due to the cost of handling the cash, accounting for it etc. More than that, returns are much higher when the customer hasn't paid for anything. As a result, almost all ecommerce sites in India incentivise you in one way or another to pay online. I know one that will give you $0.5 off if you pay online, which is approximately what COD would cost them.
Re: Amazon Cash
#163Earlier quoted context omitted.
Sounds like a check card at Bank of Amazon, that maybe isn't a "bank" because of loopholes in the banking law.
Yeah, the wording in the FAQ has me a little confused: 2) Where can I use Amazon Cash? We have partnered with thousands of stores across the country, including CVS Pharmacy®, Speedway, Sheetz, Kum & Go, D&W Fresh Market, Family Fare Supermarkets, and VG's Grocery with more retailers coming soon. A directory of all participating stores can be found at www.amazon.com/cash. Are they saying you can also spend your 'Amazo…
OT: Kum & Go? Really???
Re: Amazon Cash
#164Earlier quoted context omitted.
Get it tattooed on your body. Or smart watch. I wonder though if a paper copy is a vulnerability. Do they ask to verify your ownership of the bar code for example "What is your pin?"
Why would it be a risk? The barcode can only be used to deposit money, not withdraw.
Amazon also said that about adding a credit card to someone else's account, and that didn't work out too well.[1]
People are weirdly clever
[1]https://www.wired.com/2012/08/apple-amazon-mat-honan-hacking...
Re: Amazon Cash
#165Earlier quoted context omitted.
Yeah, the wording in the FAQ has me a little confused: 2) Where can I use Amazon Cash? We have partnered with thousands of stores across the country, including CVS Pharmacy®, Speedway, Sheetz, Kum & Go, D&W Fresh Market, Family Fare Supermarkets, and VG's Grocery with more retailers coming soon. A directory of all participating stores can be found at www.amazon.com/cash. Are they saying you can also spend your 'Amazo…
OT: Kum & Go? Really???
I used to go to school near a gas station called "Pump-n-Munch"
Re: Amazon Cash
#166I think many people here are missing the (probable) point of this. If you're wondering "who could use such a service?" - then this service probably isn't for you. 7% of US households are unbanked, and 20% are underbanked(1). Many people are paid in cash, or simply cash their checks at Walmart or a check cashing place. The money never touches a bank account, and they don't have a credit card. Paying for things with ca…
The joblessness created by in coming automation boom is going to result in a huge increase in the gray market economy. Amazon gift cards already play a big part, and this is the next step.
Re: Amazon Cash
#167I think many people here are missing the (probable) point of this. If you're wondering "who could use such a service?" - then this service probably isn't for you. 7% of US households are unbanked, and 20% are underbanked(1). Many people are paid in cash, or simply cash their checks at Walmart or a check cashing place. The money never touches a bank account, and they don't have a credit card. Paying for things with ca…
The joblessness created by in coming automation boom is going to result in a huge increase in the gray market economy. Amazon gift cards already play a big part, and this is the next step.
To be honest, I've seen an enormous increase in the number of jobs on offer. This is southern NH, in the $10-$15 per hour range.
I'll admit, I'm originally po' white trash, but I consider that pretty good wages for a cushy non-labor job at Micky Ds or Dunky Donuts.
Re: Amazon Cash
#168Increasing the utility of cash is very important to push back against the seemingly inexorable trend toward all private information being collated in a few larger data centres and susceptible to mass surveillance.
Re: Amazon Cash
#169Earlier quoted context omitted.
An interesting read I met the other day on check-cashing: http://www.businessinsider.com/check-cashing-stores-good-dea...
"paying a $97.50 fee (and a $10 tip to Servon)" Tipping on a completely service-less event, when already being ripped off by paying to move money around... I dont understand americans.
We are good hearted and generous.
Re: Amazon Cash
#170Earlier quoted context omitted.
I can understand a variety of cash usages over credit for fee savings, privacy and getting around transaction limits. But I can't understand why anyone would use a check cashing place. Can you not get a bank account for free in the US? Even my grocery store runs a free banking service here with no minimum - you lose out on some things like teller withdrawal, but they have ATMs everywhere and unlimited debit transacti…
Many of the major banks charge fees if your bank account is below a certain threshold [0], often in the range [$1000,1500] for the required minimum balance. Any balance below that, you typically need direct deposit to avoid the fees. And banks have a (in the US) deservedly poor reputation amongst the poor. Less common now (maybe barred now?), banks would take the day's transactions and apply them in an order which de…
Using a major bank is a mistake if you are poor. I would say it's a mistake in all cases but especially if you are poor.
Use a local bank or credit union.