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

add to favorites email to friend print save as pdf

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

Amazon launches 3D printing store

14 hours ago

Amazon announced Monday the launch of an online store for 3D printed items to allow consumers to customize and personalize items like earrings, pendants, dolls and other objects.

Samsung delays Tizen smartphone sales launch

18 hours ago

Samsung Electronics said Monday it would postpone the roll-out of its new smartphone based on Tizen, a home-grown operating system aimed at breaking away from Google's Android system.

Chinese portal Sohu reports $45 million loss

21 hours ago

(AP)—Sohu.com Inc., operator of a popular Chinese Internet portal, said Monday it lost $45 million in the latest quarter while revenue rose 18 percent to $400 million.

User comments : 0