https://www.desidime.com/discussions/fyi-amazon-gc-balance-is-now-amazon-pay-balance?page=1#post_3733978
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FYI Amazon GC balance is now Amazon Pay Balance
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https://www.desidime.com/discussions/fyi-amazon-gc-balance-is-now-amazon-pay-balance?page=1#post_3733983
what are the advantages of this change?
https://www.desidime.com/discussions/fyi-amazon-gc-balance-is-now-amazon-pay-balance?page=1#post_3734110
It seems nothing has changed except the name.
Though I expected some features like unlimited validity (like paytm 
) or transfer to bank feature but nothing of that sort is offered. 
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https://www.desidime.com/discussions/fyi-amazon-gc-balance-is-now-amazon-pay-balance?page=1#post_3734129
One major change I think is:
3.Will I be able to pay for all my purchases on Amazon using Amazon Pay balance?
a.Yes, you can purchase anything on Amazon.in using your Amazon Pay balance except a limited selection of items like Amazon Gift cards/ Gold coins /Bank cards
That was the last of the viable exit options to cash out your Amazon GC balance, in case you really had to (usually at a cost)
https://www.desidime.com/discussions/fyi-amazon-gc-balance-is-now-amazon-pay-balance?page=1#post_3734140
Isn’t it same as earlier for GC balance?
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https://www.desidime.com/discussions/fyi-amazon-gc-balance-is-now-amazon-pay-balance?page=1#post_3734137
Just the name has changed everything else remains the same
https://www.desidime.com/discussions/fyi-amazon-gc-balance-is-now-amazon-pay-balance?page=1#post_3735593
Amazon cannot introduce to-bank transfers for one more reason – that makes them a wallet subject to RBI guidelines for wallets.
Wallets are not permitted to earn interest on their holdings. All wallet holdings have to be held in escrow***. Holdings in the form of gift cards allows Amazon to earn interest on it, which in turn permits them to be generous with gift card discounts.
- This obstacle, of course, is overcome by unscrupulous wallet companies like PayTM who seek to convert your holdings into cash backs. Cash backs are allowed to be interest-earning holdings for wallets. Now you know why cash backs are given left, right and centre by wallets, instead of offering plain discounts.
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