Amazon Launches Two Payment Services
Techtree News Staff, Jul 30, 2008 1935 hrs IST
Amazon has launched two hosted e-commerce payment services called Checkout and SimplePay for online retailers.
Amazon has launched two hosted e-commerce payment services called Checkout and SimplePay for online retailers. Both services will compete directly with Google's Google Checkout and eBay's PayPal respectively.
Amazon's Checkout offers a complete checkout solution that features a "one-click" payment option and tools for management of shipping charges, sales tax, promotions, and post-sale activities. Amazon account holders can purchase from merchant's website using information of their Amazon account and other websites powered by Amazon. Google introduced Google Checkout way back in 2006 but couldn't impress merchants and customers. See more about Checkout here.
SimplePay offers a spectrum of payment options for purchases, donations, and marketplace transactions. Likewise, it also allows users to use their Amazon.com account's payment information.
Being PayPal's direct competitor, it's uncertain whether people can use SimplePay on eBay. Check more about SimplePay here. Online retailers have yet another option for using the online retailer's service for their website to attract more customers.
Now it's up to Google and eBay to see whether Amazon's new services pose any real threat to them.
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I dont think this article even relevant to Indian Merchants. Google checkout allow merchants only from US and UK. And same goes for Amazon's SimplyPay. No one either googlecheckout or Amazon's various payment services can even stand up to paypal. Simply because Paypal has merchants in more than 190 countries including India. Thats why they charge so much. Hopefully next time the editor can post whats relevant to indian merchants especially on techtree INDIA.
by adi, Mumbai, on Jul 31, 2008 03:10 AM, Report abuse Reply