Amazon brings cash payment option to the US
Amazon will let customers buy something online, then visit a Western Union in person to pay with cash.
Amazon announced “Amazon PayCode” on Wednesday, which lets shoppers buy something online, then show up at one of 15,000 Western Union locations in person to pay in cash, reports CNBC. That option was already available in 19 countries, but is rolling out in the U.S. in coming weeks, the company said.
It also unveiled “Amazon Cash” — way for users to load cash into their Amazon balance in person, so they can make online purchases later. That is now available in over 100,000 cash-loading locations nationwide.
“Customers have told us they love the convenience of paying in cash,” Ben Volk, Director, Payments at Amazon, said in a statement Wednesday. “Together with Western Union, we’re able to offer customers more shopping choices, enabling them to pay for their online purchases in a way that is convenient for them.”
Despite the rise of mobile payments, cash is still a leading payment method in the U.S. Last year, 79% of consumers used cash for purchases. PayPal, by comparison, had 44% of consumer purchases. Apple Pay made up 9%.
At checkout, customers can select the “Amazon PayCode” option to get a QR code and a number, which they show to a Western Union agent. They have 24-hours after the order is placed to show up at a location. In the event of a return, customers get cash back.
According to Vox, Amazon PayCode is just the company’s latest attempt to appeal to lower-income shoppers in the US who have long turned to low-price retail chains like Walmart instead of Amazon.
More Amazon news
How to Sell on Amazon EU and UK Marketplaces in 2021?
2021 brings MASSIVE changes for Amazon sellers Because of Brexit, Amazon UK marketplace is split from the European Union. This means you can no longer fulfill all of your European orders from a UK warehouse. Transfers of Pan-European FBA inventory between the UK and...
Amazon Prime Day 2020 postponed
Amazon delays Prime Day until October Amazon has delayed its annual shopping event several times in recent months due to coronavirus-related issues. That's three months later than anticipated and the first time in history the event will take place in a month other...
Amazon plans “Summer Sale” event to jumpstart sales after the pandemic
Amazon's “Summer Sale” event aims to boost retailers impacted by COVID-19Amazon has announced “Summer Sale” event that’s designed to provide a boost for sellers feeling the impacts of the coronavirus pandemic and the delay of the company’s annual Prime...