Consumers who want to add funds to their Amazon.com balance now have nearly 8,000 new locations where they can do so. 7-Eleven has joined CVS, Speedway and GameStop in accepting Amazon Cash.
The Amazon Cash service, which launched in April 2017, is designed to serve underbanked and un-banked U.S. customers. Consumers provide their unique Amazon barcode, available via the Amazon app or Amazon.com, to cashiers at participating retailers, then hand over the cash they want credited to their accounts. Customers can load $15 to $500 in a single transaction, with no fees.
“7-Eleven has long been an advocate for giving customers many options on how to pay for products and services,” said Tony Stapleton, 7-Eleven Senior Product Director in a statement. “7-Eleven constantly updates and introduces new forms of payments to respond to continued shifts in customer preferences, life styles, and adoption of new technologies.”
Cash remains a popular payment option despite the ubiquity of credit and debit cards and the growth of mobile wallets. Worldwide, approximately 85% of all payments are made in cash, according to a June 2017 report in Finance & Development.
This is not 7-Eleven’s first alignment with the e-Commerce giant: the convenience store chain installed Amazon Lockers, which provide a place for customers to pick up their purchases, in select stores five years ago. Now the Lockers are in 7-Eleven stores in more than 300 cities.