6683 0 3 econsultancy_xml <p>Like Google Checkout, it will apparently redirect customers to Amazon’s servers to complete payments, as well as managing user-to-user transactions.</p> <p>Amazon is yet to comment, but if true, the move would add to an already <a href="/blog/1399-ebay-to-limit-google-ad-spend">feisty battle</a> between Checkout and PayPal.</p> <p>It will hope its brand recognition and existing relationship with other etailers will allow it to make a sizeable dent in <a href="/blog/951-paypal-signs-up-35m-european-accounts">PayPal’s lead</a>.</p> <p> <a href="http://www.techcrunch.com/2007/08/01/amazon-to-launch-payments-services-will-compete-with-paypal-and-google-checkout/">According to TechCrunch</a>, the company has been testing the service <em>“for a few weeks”</em>, and could launch it within days. </p> <p>Meanwhile, <a href="http://www.paypal.com">PayPal</a> has moved into credit financing with the launch of a service called PayPal Pay Later. </p> <p>Developed with General Electric’s GE Money Bank, the service allows online retailers to offer credit accounts to customers, with interest being shared between PayPal and GE. </p> <p>A spokesperson for the company told Reuters that its research had indicated that over half of PayPal users would be more likely buy things if they could defer payments.</p> <p>Merchants aren’t charged an extra fee for the service.</p> <FormattedContent xmlns="http://www.e-consultancy.com/schema/formattedContent/"> <Paragraph>Like Google Checkout, it will apparently redirect customers to Amazon’s servers to complete payments, as well as managing user-to-user transactions.</Paragraph> <Paragraph>Amazon is yet to comment, but if true, the move would add to an already <Link URL="/blog/1399-ebay-to-limit-google-ad-spend" Window="Self">feisty battle</Link> between Checkout and PayPal.</Paragraph> <Paragraph>It will hope its brand recognition and existing relationship with other etailers will allow it to make a sizeable dent in <Link URL="/blog/951-paypal-signs-up-35m-european-accounts" Window="Self">PayPal’s lead</Link>.</Paragraph> <Paragraph> <Link URL="http://www.techcrunch.com/2007/08/01/amazon-to-launch-payments-services-will-compete-with-paypal-and-google-checkout/" Window="Self">According to TechCrunch</Link>, the company has been testing the service <Quote>“for a few weeks”</Quote>, and could launch it within days. </Paragraph> <Paragraph>Meanwhile, <Link URL="http://www.paypal.com" Window="Self">PayPal</Link> has moved into credit financing with the launch of a service called PayPal Pay Later. </Paragraph> <Paragraph>Developed with General Electric’s GE Money Bank, the service allows online retailers to offer credit accounts to customers, with interest being shared between PayPal and GE. </Paragraph> <Paragraph>A spokesperson for the company told Reuters that its research had indicated that over half of PayPal users would be more likely buy things if they could defer payments.</Paragraph> <Paragraph>Merchants aren’t charged an extra fee for the service.</Paragraph> </FormattedContent> 2007-08-02T09:24:00+01:00 0 1 econsultancy_xml <p> <strong>Etailing giant Amazon is reportedly close to launching an online payment system to rival Google Checkout and eBay’s PayPal.</strong> </p> <p>TechCrunch reports that the move would extend the etailer’s existing <a href="http://www.amazon.com/gp/help/customer/display.html?nodeId=1161256">Amazon Payments</a> service, which is used by third party sellers on its site.</p> <FormattedContent xmlns="http://www.e-consultancy.com/schema/formattedContent/"> <Paragraph> <Emphasis>Etailing giant Amazon is reportedly close to launching an online payment system to rival Google Checkout and eBay’s PayPal.</Emphasis> </Paragraph> <Paragraph>TechCrunch reports that the move would extend the etailer’s existing <Link URL="http://www.amazon.com/gp/help/customer/display.html?nodeId=1161256" Window="Self">Amazon Payments</Link> service, which is used by third party sellers on its site.</Paragraph> </FormattedContent> false 1582 <p>Related Econsultancy reports include our <strong><a href="http://econsultancy.com/reports/e-commerce-platforms-buyer-s-guide-2009">E-commerce Platforms Buyer's Guide</a></strong>, <strong><a href="http://econsultancy.com/reports/delivering-successful-e-commerce-projects">Delivering Successful E-commerce Projects</a></strong> and <strong><a href="http://econsultancy.com/reports/online-retail-2007-checkout-special">Online Retail Checkout Special</a></strong>. See also the <strong><a href="http://econsultancy.com/reports/e-commerce-statistics">E-commerce Statistics Compendium</a></strong>.</p> <p>Related Econsultancy reports include our <strong><a href="http://econsultancy.com/reports/e-commerce-platforms-buyer-s-guide-2009">E-commerce Platforms Buyer's Guide</a></strong>, <strong><a href="http://econsultancy.com/reports/delivering-successful-e-commerce-projects">Delivering Successful E-commerce Projects</a></strong> and <strong><a href="http://econsultancy.com/reports/online-retail-2007-checkout-special">Online Retail Checkout Special</a></strong>. See also the <strong><a href="http://econsultancy.com/reports/e-commerce-statistics">E-commerce Statistics Compendium</a></strong>.</p> 363933 Amazon to launch PayPal rival? false 2007-08-02T09:24:00+01:00 amazon-to-launch-paypal-rival 2009-04-28T22:55:31+01:00 2009-10-13T09:14:17+01:00 126