Amazon Reportedly Launching Subscription Payment ServiceBy: Chris Crum - June 9, 2014
Amazon is reportedly launching a new service to let users pay for third-party subscriptions (like phone bills, digital music subscriptions, etc.) as early as today.
According to Reuters, the service would let members use credit card details stored on Amazon to pay for services, with Amazon charging a fee per transaction. It has reportedly been in testing with Ting and other start-ups. The report has some quotes from Amazon VP of Seller Services Tom Taylor:
“You should see it as one of many things that we’ll do to expand where people might think about Amazon helping them.”
…But Taylor said the only details collected by Amazon as part of the new service is the dollar amount of each transaction and not any “item-level information.” He added that the service would encourage Amazon users who might otherwise be leery of handing over their credit card details to a fledgling companies to try out them out.
Amazon appears to be inching further and further into PayPal territory. Earlier this year, we heard about a Kindle-based checkout system for physical retailers and a PayPal-like P2P payments service.
In October, the company launched Login and Pay with Amazon for ecommerce sites.
As others have pointed out, Amazon is hosting an event later this month, where it is widely expected to unveil its own smartphone. It seems fair to expect the company to further play up its payment offerings with regards to that.
Image via Amazon