Amazon introduces own online payment system
As eBay continues to fight off calls for the addition of Google Checkout to its online marketplace, here comes another big-name PayPal alternative. Today, on its web services blog, Amazon announced a limited beta version of a long-rumored online payment system, dubbed the Amazon Flexible Payments Service, or FPS. Aimed at developers looking to build their own internet-driven businesses, this new set of web service APIs allows the exchange of funds via credit cards and bank accounts as well as “Amazon Payments” accounts.
“The ‘good idea’ has become a reality and developers now have yet another way to build scalable, profitable online businesses,” wrote Amazon’s Jeff Barr, in a blog post entitled “Ka-Ching!” Yes, third-party sellers can already collect payments through the existing Amazon Payments system. But Payments is only an option if you’re selling goods on Amazon.com. FPS enables payment collection on third-party sites as well, and like Payments, it allows buyers to transfer funds via their existing Amazon accounts, so they don’t have to re-enter all their personal information on another site. The big question is whether eBay will allow the use of Amazon’s new service alongside its own PayPal service. The world’s most famous online auction site currently bans the use of Google Checkout, arguing that a payment service isn’t suitable unless it has a “substantial historical track record of providing safe and reliable financial and/or banking related services.” The Google payment system launched in June of 2006. Is this a new threat for PayPal?
Source: Register, Amazon
Comments(8)
And this pertains to scene releases how? Start a blog if you want to write about this crap.
i guess that writing this comment took you longer than scrolling over the article on the front page without noticing it, so try to think before writing your next comment too. tech news are here from the very beginning of rlslog and we won’t be changing this…
Good article, interesting in the developer point of view .
amazon web services, api
Someone: Why even post something like that? It isn’t your site and you get FREE information off here all the time. They have the ability to post what they want, whether you like it or not.
I respect your right to comment about an opinion, but think about what you are saying.
I think its great that rlslog throws in random tech news like that.
amazon is awesome…ebay sucks, “scambay” is more like it.
I think stuff like this is important to be known world wide. It’s a very informative post, I wouldn’t have known about it if I didn’t look here.
Also; “As eBay continues to fight off calls for the addition of Google Checkout to its online marketplace”
I didn’t know about that either. Which is a VERY important information that we should know. I’ll go do some extra research now. Thanks a lot.
Paypal FTW!