Is Amazon Getting Ready To Take On PayPal?
from the and-would-it-be-effective? dept
Plenty of other companies have tried to take on PayPal and discovered that it was a lot harder than it looked. Even though there are a lot of folks dissatisfied with PayPal, most attempts to compete with it have fallen flat. Even Google's efforts haven't really made a huge dent. However, could Amazon shake things up a bit? Over the years, it's done a few things to put its toes in the water of personal payment systems, and now some are predicting that it's gearing up to launch a full on PayPal competitor in the next few months. The analyst who wrote that report notes that Amazon isn't "just another" PayPal competitor, suggesting that its knowledge and experience with online retailing will allow it to create something better. It would certainly be an interesting fit with other "web services" that Amazon has been offering lately -- and would even tie further into Amazon's existing knowledge and scalability. That said, for whatever reason, this market has been a tough one to crack, so we should probably wait and see what the specifics are (if any) before determining its likelihood of success or failure.Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
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Filed Under: online payments, payments, paypal
Companies: amazon, ebay, paypal
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Paypal is first and foremost the money transfer service.
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Re: Paypal is first and foremost the money transfer service.
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paypal
Setting up CC processing on your own is a PITA, and has lots of little fee's, where Paypal makes it fairly easy to deal with for anyone.
That said, I would gladly welcome another service as long as it has the same ability for donations. Google Checkout fails in that regard which is why most websites have stuck with Paypal.
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Re: paypal
Thanks, I wasn't thinking about the sellers' side, I was only thinking about the buyers'.
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Pay Pal Loves eBay
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Re: Pay Pal Loves eBay
Your world is an extremely narrow subset of the entire world. I know more people that refuse to even touch paypal than I know people with accounts.
You are right about the fact that ebay made paypal successful, but you seem to not realize the fact that ebay owns paypal... And that ebay actively prevents other such services.
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Re: Pay Pal Loves eBay
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Just to make a point though, I would never, ever, ever, ever use PayPal to shop online. Ever. However, I built a site for a non-profit organization that had no credit cards and no bank account, so I linked it to my business bank account so that they can take cc donations.
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Re: Pay Pal Loves eBay
In any case, I hope that buyers on ebay don't use PayPal.
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PayPal
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Don't use Pay Pal
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This is retarded.
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As an early adopter
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Good deal for Amazon
If Amazon does this right (limited liability in case of fraud, net-30 payment arrangement, awards programs, etc) then I'd definitely be interested.
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WHY?
What's the POINT to having a paypal competitor. It's not like any Amazon vendors take paypal now - or NEED TO.
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Re: WHY?
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