Amazon launches ‘Pay with Amazon’ in India
NEW DELHI: Amazon has launched its online payments service for third party sellers, Pay with Amazon in India.
Following the launch, sellers across the country will be able to integrate payments on their static websites and convert them into online stores, as per Amazon.
According to Amazon, the service comes with an easy set up process and integrated order management and payments. The Pay with Amazon service enables sellers to completely outsource their financial transactional infrastructure. The service is mobile optimized across all operating systems including Android, iOS and Windows.
For credit card and net-banking payments, Amazon will charge 1.95% for each transaction from merchants under a promotional offer valid till September 30, 2015. Post that, it will charge 3% per transaction. For debit card payments, Amazon will charge a standard price of 0.75% on transaction value less than Rs 2,000 and 1% on transaction value more than Rs 2,000. Amazon will not charge a set-up fee, monthly fee, cancellation fee, and fraud-protection fee.
"By launching Pay with Amazon we aim to provide a trusted payment bridge between customers and sellers and further aid and support the growth and integration of small and medium businesses in the new digital economy. This service will expand the market by providing small sellers with efficient tools to drive conversions and also help customers to shop with confidence," said Srinivas Rao, general manager, payments, Amazon.
By clicking on Pay with Amazon button on the checkout page, customers will be able to shop on seller websites using Amazon's trusted checkout process. The purchase is protected by Amazon's buyer protection program. Customers can use the information stored in their Amazon account to make purchases on seller sites without having to create a new account all over again or filling payment and shipping details.
"We will continue to invest in product experiences that help customers and sellers transact seamlessly across all devices," added Rao.
The Pay with Amazon service is available with websites like Fommy.co.in and Shopyourworld.com and has signups for integration with sites like Babyoye.com, Webmallindia.com, Cart2india.com, Sapnaonline.com, iBhejo.in and Mebelkart.com.
The service is similar to eBay's PayPal that allows users to store payment details and simply sign-in to authorize payments. However, PayPal has not launched its services for domestic merchants. It does allow Indian users to store their payment details online.
Following the launch, sellers across the country will be able to integrate payments on their static websites and convert them into online stores, as per Amazon.
According to Amazon, the service comes with an easy set up process and integrated order management and payments. The Pay with Amazon service enables sellers to completely outsource their financial transactional infrastructure. The service is mobile optimized across all operating systems including Android, iOS and Windows.
For credit card and net-banking payments, Amazon will charge 1.95% for each transaction from merchants under a promotional offer valid till September 30, 2015. Post that, it will charge 3% per transaction. For debit card payments, Amazon will charge a standard price of 0.75% on transaction value less than Rs 2,000 and 1% on transaction value more than Rs 2,000. Amazon will not charge a set-up fee, monthly fee, cancellation fee, and fraud-protection fee.
"By launching Pay with Amazon we aim to provide a trusted payment bridge between customers and sellers and further aid and support the growth and integration of small and medium businesses in the new digital economy. This service will expand the market by providing small sellers with efficient tools to drive conversions and also help customers to shop with confidence," said Srinivas Rao, general manager, payments, Amazon.
By clicking on Pay with Amazon button on the checkout page, customers will be able to shop on seller websites using Amazon's trusted checkout process. The purchase is protected by Amazon's buyer protection program. Customers can use the information stored in their Amazon account to make purchases on seller sites without having to create a new account all over again or filling payment and shipping details.
"We will continue to invest in product experiences that help customers and sellers transact seamlessly across all devices," added Rao.
The Pay with Amazon service is available with websites like Fommy.co.in and Shopyourworld.com and has signups for integration with sites like Babyoye.com, Webmallindia.com, Cart2india.com, Sapnaonline.com, iBhejo.in and Mebelkart.com.
The service is similar to eBay's PayPal that allows users to store payment details and simply sign-in to authorize payments. However, PayPal has not launched its services for domestic merchants. It does allow Indian users to store their payment details online.
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