Nov 18, 2010

Alternatives to PayPal:13-Amazon Payments

Alternatives to PayPal:13-Amazon Payments

Amazon have a number of interesting products under their ‘Payments’ banner. They have a system  for sending money which is free to use for sending money between Amazon users, and they have a number of more ‘E-commerce’ related products. If you are looking to just send and receive money in the U.S. they have a pretty attractive offering.  If however, you are needing a transaction option, you are going to have to pay for the privilege.

All of Amazon Payments uses their databases stored internally to aid with the checkout process, essentially giving sellers less hassle with the checkout process, also giving access to Amazon’s patented ‘One Click order’ services. In a similar vein to PayPal, they also offer cut and paste HTML code for their Simple Pay product, which can get you up and running quite quickly if you only have a handful of digital products to sell. Processing is performed on Amazon servers, prior to the customer being returned to finish the checkout process, which isn’t that big a deal considering its an out of the box payment solution.

As for costings, this is worked out on a per transaction basis, with fees starting at 2.9% + $0.30 per transaction for volumes under $3000. See more details on the pricing for business accounts here.

At time of writing, Amazon Payments UK hadn’t been rolled out, and the service exists for the U.S. only.

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