Amazon adds subscriptions to its payment service

Jun 09, 2014
The "Amazon" logo is seen on an iPad in Paris on November 13, 2012

Amazon announced plans Monday to extend its recently launched payments service for subscriptions at third-party services, stepping up its challenge to eBay's PayPal.

An Amazon spokeswoman said the new feature allows people to use their Amazon accounts for automatic payments of fixed or variable amounts.

"Automatic payments helps businesses that rely upon subscription-based or recurring payments to generate revenue (web and mobile)," the spokeswoman said in an email.

The US online giant said testing in recent months showed "pretty impressive results" and found "customers choosing to use Amazon over other payment methods."

Amazon said the service can be adapted for apps and other services by offering "transparent and low (fee) payment processing."

The move ramps up Amazon's challenge to PayPal, which also seeks to become an online payment option for many types of services.

Amazon launched its last year, allowing people to make one-time payments to third parties. The latest announcement adds recurring payments.

Explore further: Twitter, Amazon team up for in-app purchasing

Related Stories

Facebook to test mobile payments service (Update)

Aug 15, 2013

Facebook plans to test a mobile payments service that lets users make purchases inside mobile applications using payment information they have added to their account on the social network.

Recommended for you

Taiwan factory workers win $18 mn over cancer deaths

Apr 17, 2015

Workers from a factory in Taiwan which leeched toxic chemicals they say resulted in 200 deaths from cancer and more than 1,000 other cases of the disease won a Tw$564.45 million ($18 million) payout from US electronics company ...

Court monitor: Apple antitrust cooperation has 'declined'

Apr 17, 2015

Apple Inc.'s cooperation with efforts to improve its compliance with antitrust laws after a federal judge concluded it colluded with electronic book publishers to raise prices five years ago took on an "adversarial tone" ...

SEC questions LA Unified on use of bonds for iPad project

Apr 17, 2015

The Securities and Exchange Commission recently questioned Los Angeles Unified School District officials as part of informal inquiry into whether they properly used bond funds for a beleaguered $1.3 billion project to provide ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.