Amazon Payment Services

Amazon.com, in a bid to crack the web services, will be launching an online payment service competing in some senses with PayPal. “The payment system will allow visitors to your site to use their Amazon account to pay you for any product or service. You can also offer subscriptions and controlled access to content.”

Update: In a story on News.com, IDC analyst Aaron McPherson says: “They might have trouble competing with PayPal, since it is so ubiquitous…But when you consider the opportunity it creates for Amazon to expand its reach, to offer a wider selection of out-of-print books or music titles, you can see the potential.”

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