Amazon: No Credit? No Problem!

Hopeful Amazon Kindle consumers who wanted a payment plan so they could purchase the coveted e-reader might be in luck. According to Amazon’s promotional page, customers can make five monthly payments instead of one lump sum at checkout, in order to buy a Kindle.

TechCrunch featured a screenshot of the new deal, which said that there is no interest, no finance charges, no hidden fees and no credit check or application required.

Last year, Amazon launched a similar deal for customers who were looking to buy from the Kindle Fire HDX line of tablets. However, in that scenario, shoppers had to pay 5 percent more up front and were able to pay every 90 days instead of every 30.

As the news source points out, the move seems a bit odd, as a Consumer Intelligent Research Partners (CIRP) survey found that Kindle owners spend about $1,233 per year on the site. Amazon members who do not own a Kindle spend an average of $790 on the site per year.

Amazon is working to find ways to make consumer payments simpler. Just last week discussed how the website has a new feature that enables automatic payments of fixed or variable amounts.

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