Shop on Amazon, Pay in Cash
18 September 2019 - 11:00PM
Business Wire
Amazon PayCode Launches today in the U.S.
giving customers who prefer to pay in cash another option to enjoy
the convenience and benefits of shopping on Amazon
Amazon PayCode joins Amazon Cash which expands
today to more than 15,000 Western Union agent locations
Amazon PayCode and Amazon Cash offer two
options for customers that want to pay in cash with no added
fees
(NASDAQ: AMZN) — Amazon is making it even easier for customers
to pay with cash. Amazon PayCode, already available in 19 countries
around the world, launches today in the U.S. and allows customers
to choose Amazon PayCode at checkout and then pay for their
purchase in cash at one of 15,000 Western Union locations. Items
ship once customers pay for their purchase in person at a
participating Western Union location. Amazon PayCode will be
rolling out to customers over the coming weeks. For more
information, please go here. Separately, Amazon Cash, which enables
customers to load cash into their Amazon Balance for making online
Amazon purchases, is now available in over 100,000 cash-loading
locations nationwide. Customers in the U.S. who prefer to use cash
are now even more able to enjoy Amazon’s vast selection, low
prices, and fast, free shipping with no fees.
The Federal Reserve Bank of San Francisco1 has reported that in
2018, 77 percent of payments in the U.S. were made in-person. For
these in-person payments, cash accounted for 39 percent of the
volume. Now with the launch of Amazon PayCode and expansion of
Amazon Cash, customers will have additional options to pay for
their Amazon purchases in cash. With over 15,000 eligible
locations, 80 percent of Americans live within five miles of a
participating Western Union agent location making this a convenient
solution for customers paying with cash.
“We’re constantly innovating to improve the shopping experience
on behalf of our customers, and are proud to expand Amazon Paycode
to customers in the U.S.,” said Ben Volk, Director, Payments at
Amazon. “Customers have told us they love the convenience of paying
in cash. 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.”
“As one of the world’s largest digital and physical money
movers, we’re innovating our service to give customers more access
and choice,” said Khalid Fellahi, President, Consumer Money
Transfer for Western Union. “We’re embracing the complexity of a
world where cash and digital payments are likely to coexist far
into the future. We are providing easy solutions for customers who
want access to the convenience of online shopping but prefer to pay
in-person.”
Amazon PayCode
How It Works - Amazon PayCode enables customers to shop
millions of products on Amazon and pay for their orders in person,
in cash, with no additional fees. At checkout, customers simply
select the “Amazon PayCode” payment option to receive an Amazon
PayCode (QR code and a number) which is referenced when paying in
cash at more than 15,000 Western Union agent locations across the
U.S. Customers have 24-hours after the order is placed to provide
payment at a location. In the event of a return, customers will
receive a cash refund at a participating Western Union agent
location for orders they placed using Amazon PayCode once the
return is received.
Amazon Cash
How It Works - Amazon Cash allows customers to visit
participating locations to load between $5 and $500 in cash to
their Amazon Balance, which they can then use to make future
purchases in Amazon’s online store. Customers start by verifying
their mobile phone number and identifying a participating location
at amazon.com/amazoncash. Once at a participating location, the
customer can add cash to their account by simply presenting their
mobile phone number. Funds are available immediately and there are
no additional fees.
For more information, visit amazon.com/paycode and
amazon.com/amazoncash.
1 Findings from the Diary of Consumer Payment Choice (2018).
Federal Reserve Bank of San Francisco.
About Amazon
Amazon is guided by four principles: customer obsession rather
than competitor focus, passion for invention, commitment to
operational excellence, and long-term thinking. Customer reviews,
1-Click shopping, personalized recommendations, Prime, Fulfillment
by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets,
Fire TV, Amazon Echo, and Alexa are some of the products and
services pioneered by Amazon. For more information, visit
amazon.com/about and follow @AmazonNews.
About Western Union
The Western Union Company (NYSE: WU) is a global leader in
cross-border, cross-currency money movement. Our omnichannel
platform connects the digital and physical worlds and makes it
possible for consumers and businesses to send and receive money and
make payments with speed, ease, and reliability. As of June 30,
2019, our network included over 550,000 retail agent locations
offering Western Union, Vigo or Orlandi Valuta branded services in
more than 200 countries and territories, with the capability to
send money to billions of accounts. Additionally, westernunion.com,
our fastest growing channel in 2018, is available in more than 70
countries, plus additional territories, to move money around the
world. With our global reach, Western Union moves money for better,
connecting family, friends and businesses to enable financial
inclusion and support economic growth. For more information, visit
www.westernunion.com.
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Western Union Media Contact: John Derryberry +415-203-8762
john.derryberry@wu.com
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