Review: A very helpful introductory essay
Rating: 4 out of 5
Date: 04 26, 2013
The Amazon Coin will be joining the world of commerce some time in May 2013 according to the author.  The Amazon Coin will be very much like a gift card issued by Amazon that is available in small denominations.  The author suggests that if the Amazon Coin becomes very popular, it will take income away from credit card companies, because customers who use it to purchase on Amazon won't rack up "merchant fees" that Amazon would have to pay to the credit card companies.What the author doesn't mention is the reverse--which is that if you have a credit card that gives you cash rewards, you won't be getting the rewards for the purchases you make using Amazon coins.  Obviously it is a trade off of one convenient feature (credit cards accepted nearly everywhere) versus Amazon Coins (only accepted at Amazon, but at a very low cost, and possible free at the beginning of Amazon's promotion of them).  I look forward to learning more about the Amazon Coins once they are available.