Amazon Launches PayPal-Type Service

[jeffweico]

Amazon has launched a PayPal type of service - kind of. It is not exactly the same, but they are now accepting payments on behalf of other e-commerce sites. Here is an interesting article:

E-Payments & Security - Amazon launches payments for other e-commerce sites - Internet Retailer

[GreenBean]

Battles between the giants....

Interesting times ahead.

Who will be more evil in the long term?

[BigCJ]

At this rate...Ive got my trapped paypal money on amazon....

[rsot]

Whoever keeps more money from the seller for longer period of time without access to funds will be the greater evil.

[Sandy D]

Like CJ if I was a betting person I see Amazon kicking their cheating little butts.

[jjohnson777]

They had this for years. One my server companies has it. I use it now that they remove Google checkout. Wish my other one took it got to enter card info few times a month as they do not save it.

[smokescreen]

It'd be nice if there was real competition against paypal, but no one has really been able to make a dent in their business.

[SaiJin]

If this goes well, I hope paypal will see that their business practice has been less than desirable and they'll change for the better.

[123]

I think it's a very smart move by amazon, makes me want to buy their stock again lol. If they market it well, I see it being highly successful.

[rsot]

But what happens if Amazon implements their deletion policy to this payment processor service...ugh /shudder....