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For mobile payments, isn't the key having merchant accounts set up for vendors rather than accounts for consumers? I'm not sure how walking into a store and te
by jaredsohn 14y ago
For mobile payments, isn't the key having merchant accounts set up for vendors rather than accounts for consumers?
I'm not sure how walking into a store and telling them I have an Amazon account (Do I enter my username/password at a kiosk?) makes the payment much easier than giving them my credit card or filling in my credit card information on a kiosk.
There are many different ways to do mobile payments (http://en.wikipedia.org/wiki/Mobile_payment http://en.wikipedia.org/wiki/Mobile_payment), so there might be a way that it could work, but I'm not seeing it right now.
- stcredzero 14y ago> For mobile payments, isn't the key having merchant accounts set up for vendors rather than accounts for consumers? Yes, but Amazon clearly knows how to handle merchant accounts. All they need to do is to figure out the right market to get the ball rolling.
- yk 14y agoThe right market to get the ball rolling is likely the Amazon marketplace. It could be interesting for small shops to get an additional distribution channel and at the same time a reliable payment provider for their brick and mortar store.