Amazon Coin is a digital payment method created by Amazon.com. Currently, the coins can only be used to purchase software for Kindle, Kindle Fire, and Android devices from within an app or from the Amazon Appstore.
Function and value
Purchased Coins do not expire, but some promotional Coins expire just over one year from the date they are acquired.
When a customer buys software with Amazon Coins the developer is paid in conventional currency.
The company introduced Amazon Coins via a promotion in the United Kingdom and the United States, consisting of giving free coins to all users of Kindle and Kindle Fire devices. Existing Kindle owners were given Coins valued $5/£4, as were customers who had ordered the Kindle Fire HDX in late 2013, upon receipt of their devices. However, in 2014 the company began allowing all Android users in Germany, the UK, and the US to earn, buy, and spend Amazon Coins via the Amazon Store via Android phones and tablets. Moreover, observes Lance Whitney writing for CNet: "Shoppers can get discounts when they buy the coins in bulk and earn coins through certain apps".
- "Introducing Amazon Coins: A New Virtual Currency for Kindle Fire". Amazon.com. February 4, 2013. Retrieved May 14, 2013.
- "Amazon Coins Terms and Conditions". Amazon. Retrieved 17 May 2014.
- Metz, Rachel (February 5, 2013). "Could Amazon's Virtual Currency Buy You a Coffeemaker Someday? Paying for things in the Amazon Appstore may be just the first step for the online retailer's new virtual currency". MIT Technology Review. Retrieved September 29, 2015.
- Lance Whitney (February 19, 2014). "Amazon Coins branch out to all Android devices (The virtual currency has expanded beyond Kindle owners to all Android users in the United States and elsewhere". CNet.
- Johanthan Smith (May 11, 2016). "Amazon Gift coins . How Amazon Gift coin will replace real money". Zone365.
- "Appstore Developer Select". amazon.com. Amazon.com Inc. Retrieved 20 June 2014.
- "Amazon Coins and Amazon Underground". mustips.com. MUS Tips. Retrieved 2 August 2016.
|This economics-related article is a stub. You can help Wikipedia by expanding it.|