The retail giant Amazon has launched its PayPal competitor “Login and Pay with Amazon” service. Now online shoppers have one more option other than PayPal and Visa to pay for their online shopping. Using this service, shoppers can log in their Amazon account from the partner website and make payment without submitting their payment information on one more site. This option makes the payment process more secure and easy.
However, only time will tell how many online retailer would opt to partner with Amazon to offer secure payment option, since Amazon itself dominates the online retail sector and is potential competitor to most of the online retailers. So far, airplane wireless internet services provider GoGo and online furniture retailer Cymax.com have opted for Amazon payment option.
PayPal is a simple and safe option to accept payments online and through mobile phones. PayPal UK offers standard plan for small businesses and start ups at 0 pound charges. Online retailers can accept payments using PayPal on their site without any extra charges. Using their PayPal accounts, consumers can buy things online without feeling anxious. They do not have to enter their credit card information and shipping address with every site they shop. Besides it is very simple how to use PayPal. Even the consumers who do not have advanced knowledge of technology can make payments easily using PayPal login.
Now, it seems Amazon is going to break the monopoly of PayPal in online and mobile payment processing. Consumers who are familiar with the Amazon check out procedure can easily use the payment option with Amazon login on other websites. Just like PayPal, Amazon is also not going to share its customer’s financial information with partner websites. Amazon payment option is available for web and mobile both. Amazon claims that they have 40% more active accounts than PayPal.
At present, Amazon has introduced the option in US only. The vendors need US phone number, US address, legal business name and US credit card information to join. It is highly likely that Amazon will offer the same services globally. This may push PayPal to offer more user friendly services and other benefits. Meanwhile, you can glance through active PayPal coupons. By using these promo codes while shopping online, you can get great deals. You can also transfer money without any transfer fees.