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Amazon Allowance

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21–30 of 72 posts

Re: Amazon Allowance

#21
I want this for something like Fiverr.

Instead of my kids accumulating more junk, they learn the skills of hiring and delegating.

Don't want to mow the lawn in this heat? Use your allowance to somebody else to do it. As long as the job is done they will earn their allowance.

I just need a way to make sure they're not outsourcing their homework or paying somebody buy them alcohol.

Re: Amazon Allowance

#23
post #2

I applaud the effort Amazon is making to expand its influence, and giving kids an Amazon allowance would lock them in because it doesn't look too easy to convert that money back to real cash. But I don't think this one will stick around for very long. Prepaid cash/debit cards and automated deposits are an older and more proven way of doing this (not to mention just handing your kids $20 in cash every week). By giving…

I think kids away at college, especially for freshman year could be another use case. Parents know they are smart enough they probably could make the right financial choices, but just being a freshman in college means they probably won't.

Re: Amazon Allowance

#24
post #2

I applaud the effort Amazon is making to expand its influence, and giving kids an Amazon allowance would lock them in because it doesn't look too easy to convert that money back to real cash. But I don't think this one will stick around for very long. Prepaid cash/debit cards and automated deposits are an older and more proven way of doing this (not to mention just handing your kids $20 in cash every week). By giving…

If you give teenagers cash, they can't spend it online. Thanks to KYC rules and bank policies, you have to be 18 to get anything that looks like a credit card.

Best plan for teenagers is a joint checking account (dedicated to the child's use) at your bank, with a debit card they can use for day-to-day spending. You can do allowance, etc with transfers, and most bankd will play ball as long as one person on the account (the parent) is 18.

Re: Amazon Allowance

#25
post #18

Earlier quoted context omitted.

10% off up to $100 per year. So about 1/4 day off. Why bother?

Doesn't that essentially mean free prime? Also... it beats the discount I got back when I worked fast food. Not saying some places don't do better, but I do fear the entitlement of my peers here.

Agreed on the feeling of entitlement. When I first moved into the industry I found it striking too.

It is healthy for the industry for people to have and share this information though. Employees in every industry talk about how they and their peers are compensated, and share scuttlebutt about which companies have better pay and benefits than others as a way of ensuring that they're getting a competitive wage.

Re: Amazon Allowance

#26
post #2

I applaud the effort Amazon is making to expand its influence, and giving kids an Amazon allowance would lock them in because it doesn't look too easy to convert that money back to real cash. But I don't think this one will stick around for very long. Prepaid cash/debit cards and automated deposits are an older and more proven way of doing this (not to mention just handing your kids $20 in cash every week). By giving…

If you give teenagers cash, they can't spend it online. Thanks to KYC rules and bank policies, you have to be 18 to get anything that looks like a credit card. Best plan for teenagers is a joint checking account (dedicated to the child's use) at your bank, with a debit card they can use for day-to-day spending. You can do allowance, etc with transfers, and most bankd will play ball as long as one person on the accoun…

> If you give teenagers cash, they can't spend it online. Thanks to KYC rules and bank policies, you have to be 18 to get anything that looks like a credit card.

What about those prepaid cards you can buy for cash at B&M stores? I'm pretty sure you can use those online.

Re: Amazon Allowance

#27
post #2

I applaud the effort Amazon is making to expand its influence, and giving kids an Amazon allowance would lock them in because it doesn't look too easy to convert that money back to real cash. But I don't think this one will stick around for very long. Prepaid cash/debit cards and automated deposits are an older and more proven way of doing this (not to mention just handing your kids $20 in cash every week). By giving…

Kids? I'm pretty sure the real market here is camgirls and other internet personalities that people want to buy presents for.

and stream hunnies.

Re: Amazon Allowance

#28
post #18

Earlier quoted context omitted.

10% off up to $100 per year. So about 1/4 day off. Why bother?

Doesn't that essentially mean free prime? Also... it beats the discount I got back when I worked fast food. Not saying some places don't do better, but I do fear the entitlement of my peers here.

> Doesn't that mean free prime?

Based on what they are charging for it, basically yes. They must lose money on it though. My friend ordered a fridge on Amazon prime. I bet 48 hour shipping on a fridge is pretty close to the cost of amazon prime.

Re: Amazon Allowance

#29
post #2

I applaud the effort Amazon is making to expand its influence, and giving kids an Amazon allowance would lock them in because it doesn't look too easy to convert that money back to real cash. But I don't think this one will stick around for very long. Prepaid cash/debit cards and automated deposits are an older and more proven way of doing this (not to mention just handing your kids $20 in cash every week). By giving…

If you give teenagers cash, they can't spend it online. Thanks to KYC rules and bank policies, you have to be 18 to get anything that looks like a credit card. Best plan for teenagers is a joint checking account (dedicated to the child's use) at your bank, with a debit card they can use for day-to-day spending. You can do allowance, etc with transfers, and most bankd will play ball as long as one person on the accoun…

I had a debit card linked to a bank account well before I was 18, which I used to buy all sorts of things from the internet. Prior to that, when I purchased my first domain and paid shared web hosting in early high school, I remember buying a prepaid gift card which I used to make the purchase.

Re: Amazon Allowance

#30

Earlier quoted context omitted.

If you give teenagers cash, they can't spend it online. Thanks to KYC rules and bank policies, you have to be 18 to get anything that looks like a credit card. Best plan for teenagers is a joint checking account (dedicated to the child's use) at your bank, with a debit card they can use for day-to-day spending. You can do allowance, etc with transfers, and most bankd will play ball as long as one person on the accoun…

> If you give teenagers cash, they can't spend it online. Thanks to KYC rules and bank policies, you have to be 18 to get anything that looks like a credit card. What about those prepaid cards you can buy for cash at B&M stores? I'm pretty sure you can use those online.

sometimes those cards don't work for some online stores because there is no address associated with the card, so card verification systems may fail.
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