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Amazon payment systems take on PayPal

Daniel Fleshbourne   on 30 July 2008 - 13:32 · 14 comments & 8148 views

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Amazon has introduced two new payment systems for merchants and consumers which brings it into a market dominated by PayPal. Checkout is aimed at online merchants who want a pre-packaged payment system, including tools for managing delivery charges, VAT, promotions and special offers. It features Amazon's One-click option for rapid payment. Simple Pay is aimed at consumers who want to use their Amazon account to make purchases on other retailers' websites.

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#1 BigBoy on 30 Jul 2008 - 14:15
Yay for Paypal alternatives!
(2 replies) #2 Lasker on 30 Jul 2008 - 14:38
In my opinion Useless, Paypal is the best alternative for payment online, I can't find anything better than Paypal.
#2.1 +SOOPRcow on 30 Jul 2008 - 14:41
#2.2 MightyJordan on 30 Jul 2008 - 18:57
(SOOPRcow said @ #2.1)

You suck for linking to a page which tried (and failed) to infect my PC.
#3 Little Charlie on 30 Jul 2008 - 14:48
I have used Amazon "One Click" for ages. If thier new business model is any more secure and/or fraud-proof than PayPal then I hope they do well. I have been scammed on eBay and PayPal both. Recently both services have announced 'tough new security measures' an indication they have an ongoing problem. Numerous sites detail how to "Make Money on PayPal" Google it.
#4 vetneufuse on 30 Jul 2008 - 15:02
Paypal's fees get outragious when you add in the ebay fees for using ebay... even though they are owned by the same people....
#5 WooHoo!!! on 30 Jul 2008 - 15:20

Now if only someone would come up with an ebay killer and we can say good riddance to ebay and paypal.
(2 replies) #6 j2006 on 30 Jul 2008 - 15:56
@neufuse: I totally agree... I have an online business and use paypal as one method of payment which most customers prefer, but their fees are ridiculous!

Does anyone know if there is any fees associated with this? If this is completely free I might give it a try.
#6.1 +SOOPRcow on 30 Jul 2008 - 16:27
http://www.betanews.com/article/Amazon_Pay...kout/1217433288

Both options, like eBay, incur a fee on a per-transaction basis with Amazon receiving a percentage of the transaction amount. For transactions greater than or equal to $10, Amazon takes 2.9% plus $0.30. This percentage decreases with the volume of transactions the retailer makes per month. A retailer who has a monthly payment volume of over $100,000 will pay only %1.9 per transaction, for example.
#6.2 C_Guy on 31 Jul 2008 - 14:19
Really? Have you compared them to the cost of providing credit/debit card payments in a physical store? How do they compare?
(1 reply) #7 MightyJordan on 30 Jul 2008 - 18:56
Too late, Amazon! Paypal has been around for 10 years. It's got no chance of competing with it.
#7.1 plastikaa on 30 Jul 2008 - 19:25
I'd disagree ... I think Amazon have a good chance, as if you can use your existing amazon account then they already have a huge potential market to any business who implements it... the same reason paypal/ebay works so well and managed to take off massively... and the reason google money hasnt is comparison (there is little reason to sign up to google money).

A lot of people buying online will have an Amazon / Ebay account... if amazon can cut the fees that Ebay offer then people will use it.
#8 Angel Blue01 on 30 Jul 2008 - 19:47
Have they banned pay-per-click fraud? That's one good thing Paypal does.
#9 C_Guy on 31 Jul 2008 - 14:18
I'm sure PayPal is just shaking in their boots

We don't need a PayPal alternative. Try something else, Amazon, or stick to your core competency.

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