Watch out PayPal…
By Steven Musil
Published: 30 July 2008 09:04 GMT
Amazon.com unveiled on Tuesday a new online-payment service it will offer to other online merchants - a move that puts it in direct competition with eBay's PayPal and Google's Google checkout.
The Seattle-based company describes it Checkout by Amazon as a "complete checkout solution" with features such as Amazon's "one-click" payment option and tools for managing shipping charges, sales tax and promotions. Google introduced a similar online payment processing system called Google Checkout in 2006 but analysts say it has been slow to catch on with merchants and consumers.
Amazon also unveiled Amazon Simple Pay, a service that allows consumers to use their Amazon account information to pay for purchases on other websites. However, as a competitor of PayPal, it's unlikely that Simple Pay will be accepted for purchases on eBay. In 2006, eBay banned its customers from using Google Checkout, according to its accepted payments policy.
Original article: Amazon unveils new online-payment services from CNET News.com
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