Amazon Adds More Countries to Virtual Payment Program

Photo of Paul Ausick
By Paul Ausick Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Amazon Coin
http://www.amazon.com/amazon-coins
Amazon.com Inc. (NASDAQ: AMZN) announced Tuesday morning that it is adding France, Italy and Spain to the countries where its virtual currency, Amazon Coins, are available. And keeping with its practice of giving Coins away at launch time, the company said it will bestow millions of euros worth of Coins on customers in the newly added countries. The Coins are valued at 100 Coins to €1.

Coins may be used by customers to purchase apps and in-app items at Amazon’s Appstore at a discount using a PC, an Android-based phone or tablet, and Amazon’s own Kindle Fire tablets. Customers will receive 500 free Coins automatically when they update the Amazon client and download an app. Coins may not be used to purchase other products and services available at Amazon’s vast retail site.

Amazon will continue to pay app developers the standard 70% share whether customers use Coins or another method of payment. The announcement also notes that 75% of apps developed for Android will run without modification at the Appstore, and Amazon provides a free tool that developers can use to test compatibility. Coins were first introduced in the United States in February of 2013.

READ MORE: The Best-Selling Products of All Time

Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for a673b.bigscoots-temp.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618