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: Global pharma firms grilled about tax in Australia

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

Hewlett-Packard moves forward with plan to split in two

14 hours ago

Hewlett-Packard is moving forward with plans to split into two companies, filing paperwork to create a new entity that will sell commercial technology, while a separate spinoff will sell personal computers and printers.

Global pharma firms grilled about tax in Australia

Jul 01, 2015

The world's top pharmaceutical companies Wednesday told an Australian parliamentary hearing they were compliant with local and international laws, despite claims they are charging higher prices to minimise tax.

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.