Amazon Pay Full KYC with Rs. 1 lakh limit

Smh

Regulars
Nov 7, 2016
870
134
just got an email my minimum kyc is expiring so I will have to book an appointment to complete full kyc to continue using amazon pay 😕.

There is an option to upload docs through amazon app but the delivery agent should be present at that time.

Amazon may loose some amazon pay using customers.
 
Last edited:

Sushubh

Administrator
[OP]
Oct 29, 2004
413,661
12,751
Gurugram
it also mentions that you can do verification with an amazon delivery guy at the time of delivery! so maybe that option could be used?

i have had the visit from their guy. but the backend shows no indication of manual verification done. so not even sure if i need to do it again.
 


Sushubh

Administrator
[OP]
Oct 29, 2004
413,661
12,751
Gurugram
hard to say. should have asked. i have a feeling though that they are just pushing this scaring people that they would not be able to use amazon pay at all. they need people to have higher limits before they expand into retail segment. amazon is basically going after paytm here. before reliance starts re-focusing on jiomoney.
 


Reactions: pothi

VivekA

Regulars
Feb 5, 2019
81
13
Damned voter id card server in Mumbai is down so card can't be updated. I think I'll just go through with the existing card, hopefully the agent will be a *.
 
Last edited by a moderator:

ajgamer

Regulars
Dec 28, 2014
1,104
103
Why would you want to have 1 Lac sitting in your Amazon Pay Balance? I would rather keep that in Savings Account to enjoy some interest.

It's no sense to me why People keep balance in PayTM too.
 

Sushubh

Administrator
[OP]
Oct 29, 2004
413,661
12,751
Gurugram
You can make more in cashback than interest. Plus 1L limit means you can make more transactions. You don't have to keep money. Amazon Smilecodes are appearing in retail stores.
 
Last edited:
Reactions: alphago

Sushubh

Administrator
[OP]
Oct 29, 2004
413,661
12,751
Gurugram
Plus 10k and 1l are limits set by rbi. You can't even buy a phone with 10k limit.

Amazon pay has introduced EMI feature. They are aiming it at people who don't use credit cards.