Amazon Launches Online Payment Services

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In a move to rival eBay’s (NSDQ: EBAY) PayPal and Google’s (NSDQ: GOOG) Google Checkout, Amazon (NSDQ: AMZN) launched on Tuesday two online payment services, Checkout and Simple Pay. The difference in the two is that Checkout provides capabilities to support real time shipping, tax calculation, promotions and other tasks like cancellations and shipment tracking, while Simple Pay enables customers to use payment information already on file.

The company has had some recent activity in payment services. Last month, when it took an equity stake in user-gen shopping network The Talk Market, Amazon began handling the site’s payment system. Last December it also took a stake in online payments service Bill Me Later, which allows consumers to make purchases without entering their credit card information.

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Jamie Poitra

As a long time user of PayPal who hates its API and doesn't like Google Checkout's terms I'll be following this closely. It will be interesting to see how well it differentiates itself from the existing offerings.

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