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PayPal Has Been Talking With Amazon on Payments, CEO Says (bloomberg.com)

Posted by msmash on from the for-better-or-worse dept.

A new feature could be coming to your Amazon checkout process. It's called PayPal. Amazon and PayPal are in talks about the possibility of the online retail giant supporting PayPal payments at checkout, PayPal CEO Dan Schulman said in an interview. While Schulman didn't say when -- or even if -- a deal might happen between the companies, he did tell Bloomberg that the companies are trying to determine how they can "use one another's assets to the mutual benefit" of their customers. From the report:"We're closing in on 200 million users on our platform right now. At that scale, it's hard for any retailer to think about not accepting PayPal," Schulman said.

4 of 98 comments (clear)

  1. If you process less than $300/month by raymorris · · Score: 2

    If you process less than $300/month, Paypal probably makes sense. You don't want to pay $35/month plus a percentage for a merchant account at that level.

    If you process $3,000 / month, a merchant account makes sense.

    If you're Amazon and you do $8 billion / month, you negotiate. Normal published fees don't apply. Buying a merchant bank might make sense.

    Square fits in their somewhere, as does CCBill. It all depends on what you do and how much you do.

  2. Surprised Amazon isn't starting their own currency by swb · · Score: 2

    ...and competing with PayPal and possibly some smaller countries' national currencies.

    There isn't much they don't sell so if you decided to accept Amazonians instead of Dollars for something, it's almost like it's not even a barter, but an actual usable currency.

  3. Huh? by MMC+Monster · · Score: 4, Insightful

    Paypal needs Amazon a hell of a lot more than Amazon needs Paypal.

    I've never wished on the Amazon checkout that they had a Paypal option.

    --
    Help! I'm a slashdot refugee.
  4. How many active users? by naughtynaughty · · Score: 2

    I have had a few dozen PayPal accounts over the years, a few that were placed in forever limbo-land by PayPal and I'm sure are still counted though they can never be used.

    I can't remember the last time I bothered using PayPal, they make life more difficult and provide zero advantages for the risk they'll put my money in 180 day purgatory for reasons they won't discuss. I prefer dealing with banks, at least until the current Congress succeeds in rolling back consumer protections.