Amazon launches competitor to PayPal

by admin July 30, 2008 at 7:22 pm 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.

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