I have heard about "Amazon Payments" for a long time now, but it seems that they are finally stepping up their game.
Amazon Takes on PayPal With Its Own Checkout Service
Amazon’s ‘Login and Pay with Amazon’ Service Challenges PayPal For The Web’s Payment Business | TechCrunch
|The retail giant announced Tuesday a new service called "Login and Pay with Amazon." The service, where enabled, will allow shoppers to check out at third-party retail websites by using the payment information they have stored on Amazon (think of it as Facebook Connect for shopping). It's designed to make checking out more streamlined and secure: Shoppers won't have to enter their payment information during checkout, and they won't have to store that information at an additional site.|
Amazon's major advantage entering the market is size. The company claims to have 215 million active accounts, nearly 40% more than PayPal. |
But Amazon has a serious disadvantage, too. Most retailers recognize Amazon as competition, and have no desire to promote their services or products.
Has anyone tried this out yet? What are your thoughts on "Login and Pay with Amazon"?
I for one, am willing to try this out soon, once I can find the time to integrate and test it out on some of my sites.
My main problem with PayPal thus far, is service limitations due to my country of residence. I need to wait longer than most people to get access to my funds.
It would be good to see someone finally give PayPal some decent competition.
I don't expect Amazon to shake up things for PayPal right away... but give them a year or so... I'm sure we'll start seeing "Pay with Amazon" appearing all over the net.
You can sign up for Amazon Payments here:
It appears that Login and Pay with Amazon is currently only available to sellers in the U.S.
| Getting Started |
To get started for free, sign up for an Amazon Payments seller account. You will need your legal business name, contact information, a U.S. credit card, and a U.S. address. After you sign up, you'll be able to integrate our APIs into your website to develop a custom experience and start accepting payments.