Tuesday, 10 June 2014

Amazon continues assault on PayPal

amazon payments

Amazon's tentacles have reached a new corner of the e-commerce world.

The company launched a new service Monday allowing customers to automatically pay recurring charges, like monthly subscription fees or phone bills, using their Amazon log-in details.
Amazon said it had been testing the service in recent months with fledgling mobile carrier Ting to "impressive" results.
With more than 244 million active customer accounts, Amazon already has a massive base of potential users for the service. The effort represents a new front in its assault on eBay, which owns online payments service PayPal.

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