Amazon launches competitor to PayPal
Amazon.com has launched new online payment options which are clearly stiff competition to the current dominant payment platform on the Web – PayPal. One one hand you see the practical nature of having its own payment system, but on the other thereÃ¢â‚¬â„¢s a certain amount of reservation about going for a player that does a job as reliably as PayPal does.
AmazonÃ¢â‚¬â„¢s Checkout by Amazon and Simple Pay are targeted at small businesses, reported the WSJ. Like PayPalÃ¢â‚¬â„¢s one-click system, Checkout allows users to click on a button to pay as well as provides tools to manage other little charges like shipping and sales tax. Simple Pay is the real dealbreaker here – itÃ¢â‚¬â„¢s a set of payment-only products that will allow consumers to carry over their wallets to other sites, directly taking on PayPal.
Full article: tech.blorge.com