Amazon Cash is a two-step method of adding cash to your Amazon account from what the company called "thousands of stores across the country." The steps are as follows:
- Request a barcode from Amazon that can be delivered to your phone as a text message or opened on a computer for printing.
- Bring the barcode into any of the company's partner locations and a cashier should be able to use it to add money directly into your Amazon account.
The amount added will appear directly in your gift card balance. There are no fees to use the service and any money added to your account is immediately available. Amazon allows for deposits between $15 and $500. Participating retailers include CVS, Speedway, Sheetz, D&W Fresh Market, Family Fare Supermarkets, and others with Amazon promising on Cash's frequently asked questions page that "more are coming soon."
About 7% of American households have no bank account of any kind, according to a 2015 study by the Federal Deposit Insurance Corporation (FDIC). That's approximately 9 million households that fall into the category the FDIC calls the "unbanked." Another 19.9% of Americans are underbanked," according to the FDIC, "meaning that the household had an account at an insured institution but also obtained financial services and products outside of the banking system." Not all unbanked and underbanked customers are lower income, but 57.4% of unbanked customers cited not having enough money to keep in an account as a reason they did not have one, according to the FDIC. In addition, about 28% of unbanked customers said they don't trust banks while a similar number said avoiding a bank gives them more privacy.
Read more details online.
Posts
0 comments:
Post a Comment