Amazon Allowance
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Amazon Allowance
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Re: Amazon Allowance
#2I 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 them something that is accepted everywhere, you teach them how to handle limited amounts of money and how to resist temptations -- if I drop $5 on gas station snacks, I've just burned up a sizeable chunk of my allowance on something that will be gone in 10 minutes. Giving an allowance is great to teach young teenagers how to handle money before they get their own job, but I don't see Amazon breaking into this and locking kids into buying only from Amazon.
Re: Amazon Allowance
#3This seems like a great way to give employees a bit of a perk. An allowance could be used for technical books, and or other learning materials.
Re: Amazon Allowance
#4I 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.
Re: Amazon Allowance
#5Will be interesting if this can be expanded to workers for office supplies and whatnot.
Re: Amazon Allowance
#6AKA the Amazon Reverse Microloan program.
Re: Amazon Allowance
#7Will be interesting if this can be expanded to workers for office supplies and whatnot.
Check out Amazon Business, which appears to allow you to set up multiple users in a hierarchy (including at least some sort of a custom "approvals" system), set thresholds, etc...
http://www.amazon.com/b?node=11261610011
Not sure if it's new or not, recently got a call about getting into it though we declined as we're a small shop & already happy with the level of service we get via Prime.
Re: Amazon Allowance
#8This would be fantastic for use with AWS, give developers a monthly balance to spin up their choice of environments. Could be pretty awesome.
Re: Amazon Allowance
#9This seems like a great way to give employees a bit of a perk. An allowance could be used for technical books, and or other learning materials.
This is Amazon we're talking about. The company that doesn't give employees prime, free hardware to take home, or a real employee discount.
Re: Amazon Allowance
#10This seems like a great way to give employees a bit of a perk. An allowance could be used for technical books, and or other learning materials.
This is Amazon we're talking about. The company that doesn't give employees prime, free hardware to take home, or a real employee discount.
Amazons margins are so narrow an employee discount without some sort of cap would be ridiculous.