John Pseudonym

Amazon Takes On eBay’s PayPal With New Service

I own/run several ecommerce sites that use PayPal.

I just checked the Amazon pricing for this and I instantly come away with "no thanks".

The rates are pretty much the same as paypal - so no real incentive for me to recode all of my sites.

Here's the deal killer for me, I spend the money in my paypal account through my paypal credit card which gives me a 1.5% instant rebate.

So my net rate at PayPal is 1.4% + .30 per tranaction.

Even at the 100K a month level, I will lose money using the Amazon system.

Do these people understand anything about the payment market?

Here's the details that are sorely missing from this story:

https://payments.amazo...

For now, Amazons new system is a YAWN!

It will take some business away from PayPal as many people hold an all out hatred towards ebay and Paypal. So ebay stock looks to be the loser here as they depend on PayPal to make up for the mismanagement of Donahoe.