Amazon unveils new online-payment services
Checkout by Amazon and Amazon Simple Pay put the e-tailer in competition with Google Checkout and eBay's PayPal.
Amazon.com quietly unveiled on Tuesday new online-payment services it will offer to other online merchants--a move that puts it in direct competition with eBay's PayPal and Google's Google checkout.
The Seattle-based e-tailer describes Checkout by Amazon as a "complete checkout solution," with features such as Amazon's "one-click" payment option and tools for managing shipping charges, sales tax, and promotions. Google introduced a similar online payment processing system called Google Checkout in 2006, but analysts say it has been slow to catch on with merchants and consumers.
Amazon also unveiled Amazon Simple Pay, a service that allows consumers to use their Amazon account information to pay for purchases on other Web sites. However, as a competitor of PayPal, it's unlikely that Simple Pay will be accepted for purchases on eBay. In 2006, eBay, according to its accepted payments policy.