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New Amazon payment systems target merchants and consumers
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Amazon payment systems take on PayPal

Retailer launches Checkout and Simple Pay

Andrew Charlesworth, vnunet.com 30 Jul 2008
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Amazon has introduced two new payment systems for merchants and consumers which brings it into a market dominated by PayPal.

Checkout is aimed at online merchants who want a pre-packaged payment system, including tools for managing delivery charges, VAT, promotions and special offers. It features Amazon's One-click option for rapid payment.

Simple Pay is aimed at consumers who want to use their Amazon account to make purchases on other retailers' websites.

Google introduced a similar system for merchants and consumers in 2006, also called Checkout, but it has not found favour with online retailers.

Auction giant eBay, which owns PayPal, has prevented consumers from using the Google system.

See also:

Online shoppingFigure to reach 50 per cent in five years, says Capgemini  21 Jul 2008
Xbox 360Deal promises 10,000 movies and TV episodes at launch  15 Jul 2008
PayPalOnline accounts can be used for video subscriptions  25 Jun 2008
Bill GatesLive Search cashback offers ad-funded rebates to consumers  22 May 2008
PasswordOn-demand password promises extra layer of protection  08 Apr 2008

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Tags: Amazon, Paypal, Ecommerce, Strategy

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