Sunday, June 22, 2014

Amazon started implementing online payment service to compete with PayPal new.


Amazon recently launched an online payment service to compete with eBay's PayPal. This service allows more than 240 million of its users to use the credit card information stored on Amazon.com to pay phone, music player registration package and implementation of e-commerce transactions other. Amazon will then charged on each transaction successfully and only company to collect the funds and not save any information related to the item being purchased. This will help strengthen the role of the Amazon broker in bringing products and services to third party customers, while expanding its influence beyond the retail site directly from online.

Talk about this payment service, Vice President Tom Taylor said: "You should see it as one of the things we will do to expand the way people think about Amazon". It is known that Amazon has begun testing the payment for several months with the start-up company. These units found that those who use Amazon's payment service, the payment of more than about 30%. To be successful transaction, Amazon will have to shake hands with the partner receiving the money but it is unclear how many companies located in this area.

Sources: Amazon, CNET

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