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Amazon has their own payments solution. I've actually seen it replacing PayPal several places, like buying WiFi on flights.
by lnanek2 12y ago
Amazon has their own payments solution. I've actually seen it replacing PayPal several places, like buying WiFi on flights.
- skinnybatch 12y agoLet's hope that the competition between Amazon and PayPal results in some significant value for the consumer/user/business users. Years ago, when I first built my e-commerce site, the only viable payment method that could be easily integrated was PayPal. Unless I wanted to pay a significant premium to have a payment gateway before I was ready to take on those initial sunk costs, PayPal was the most attractive and likely solution. Hopefully, the industry will shift as more options become available and user-friendly. PayPal has the advantage of name recognition, but Amazon shares the same, and frankly, I personally regard Amazon more positively than PayPal. Hopefully, the industry continues its trend, now a quasi-oligopoly and eventually monopolistic competition. Like others have mentioned, I too wonder how they are going to divvy shares.