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E-commerce News South Africa

Amazon goes mano-a-mano with eBay in online payments arena

First Amazon transformed itself from simple online bookseller to general e-tailer. Then it spread into the world of Web services and distributed computing. Now the online giant is entering the alternative payments game.

Amazon's two new payment services announced this week, Checkout by Amazon and Amazon Simple Pay, enter a market with existing players such as PayPal, BillMeLater and Google Checkout. However, there's still plenty of room in the segment, advises Richard Feinberg, a professor in the Department of Consumer Sciences and Retailing at Purdue University.

"It's a big market, and it's going to get bigger," he told the E-Commerce Times.

Read the full article here.




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