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 there’s a certain amount of reservation about going for a player that does a job as reliably as PayPal does.
Amazon’s Checkout by Amazon and Simple Pay are targeted at small businesses, reported the WSJ. Like PayPal’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 - it’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
