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Credit Card Applications » News » Products » American Express Serves Up a New Way for Students to Get Paid for Books

American Express Serves Up a New Way for Students to Get Paid for Books

American Express Serves Up a New Way for Students to Get Paid for Books
The content is accurate at the time of publication and is subject to change.

When they’re done hitting the books, college kids can sell them for a chunk of change and have it deposited directly to a prepaid digital account.

That’s because American Express has partnered with Chegg, a service that connects students with scholarships, tutoring, textbooks and tools for campus. College students will be able to use Chegg’s book buyback program and get their funds credited to a Serve digital prepaid account.

How it works

When students have turned in their final exams and are ready to sell their textbooks, they can log into the Chegg website to get a quote. Chegg buys student textbooks and resells them, just like most college bookstores do. If the student chooses to go with the price quoted from Chegg, they print out the shipping label and mail the books.

To receive their money, students are directed to the Serve from American Express website where they sign up for a Serve account. The digital prepaid card with funds from the sale is issued within 24 hours of processing receipt of the books.

What students can do with Serve

Once students have a Serve account they can use the funds in a number of ways. They can withdraw cash from an ATM, use the card at any retailer that accepts American Express, or even send money to a friend or easily split a bill when out for dinner with a group.  There is also a Serve app that lets cardholders easily use and manage their digital account on the go.

As an incentive to open a Serve account, American Express is offering Chegg customers a $10 credit when they make their first purchase. The offer is good through August 30, 2013, and the funds will be added to the new customer’s balance as soon as the account is opened and any purchase is made.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
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