Amazon Launches Subscription-Based Billing And Payments Service 76
mpicpp (3454017) writes in with news about Amazon's new payments service. "The company launched a service Monday known as Amazon Payments that allows consumers to use their Amazon accounts to send and receive money and shop online at 'thousands of sites other than Amazon.' It's accessible on both desktops and mobile devices. For businesses, Amazon is selling the service as a way to take advantage of its security and user data while saving time for new customers. There's no recurring fee for retailers to use the platform, though Amazon plans to take a standard cut of 2.9% from those businesses, plus $0.30 for each transaction of $10 or more. With more than 244 million active customer accounts, Amazon already has a massive base of potential users for the service. The effort represents a new front in its assault on eBay, which owns online payments service PayPal."
Re:On the heels of the recent eBay data breach... (Score:5, Informative)
It exists. It's called a credit card, underwritten by a real bank, which will adhere to actual banking laws instead of "whatever we decide we want to do", and actually have some stake in fraud prevention.
MasterCartel (Score:2, Informative)
Re:OLD news (Score:4, Informative)
For sure. The news is actually just they added recurring payments.
I tend towards using "epay USA" for my clients because they're the only one that offers the complete package; card present, card not present, mail order, recurring, etc.
Since there is only one API so far that supports everything, it is common to have to spend a bunch of money switching payment providers, just to add features to a product, or worse, some of my point-of-sale customers have to have different payment processors for online and in-person sales.
So I agree the feature is an important addition. But not important to most people, and not a new "service."