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Amazon to launch payment service?
how will it compare to paypal and google checkout?
julesn




msg:3411020
 11:05 pm on Aug 1, 2007 (gmt 0)

Rumours on blogs say that Amazon will shorly launch their own paytment service.

I guess it makes sense, with a large proportion of internet shoppers already having an "amazon account" alongside their paypal account and google account..

I'm not sure I'd like to shove the name of a competitor in front of my customers when they are about to buy widgets from me, so it will be intersting to see how they market this.

And while we want to offer customers the most convenient way to checkout and make their payments, I expect that too many choices of "express" payment options at checkout will actually be detrimental!

Just my inital thoughts.

jules.

 

piatkow




msg:3411377
 12:21 pm on Aug 2, 2007 (gmt 0)

There are three names that I want to put in front of customers:

Visa
Mastercard
Maestro

I certainly don't want a payment channel that requires people to open an account with the processor.

julesn




msg:3411466
 2:20 pm on Aug 2, 2007 (gmt 0)

I certainly don't want a payment channel that requires people to open an account with the processor.

When purchasing online, I will use my existing paypal or google checkout accounts in preference to a stores own checkout system, as it saves me the effort of filling in all my details (card address, delivery address, card numbers) each time.

jules.

engine




msg:3412819
 3:32 pm on Aug 3, 2007 (gmt 0)

Amazon Flexible Payments Service (Amazon FPS) is the first payments service designed from the ground up specifically for developers. The set of web services APIs allows the movement of money between any two entities, humans or computers. It is built on top of Amazon's reliable and scalable payment infrastructure.

Amazon FPS offers developers unmatched flexibility in how they can structure payment instructions, including standing instructions that can remain in place for multiple transactions. These instructions impose conditions and constraints on money movements and can be set by both senders and receivers of funds. For example, a sender might set a spending limit per week for a particular named recipient. Only that named recipient would be able to withdraw funds and only up to an amount per week equal to the spending limit. A piece of FPS functionality called the GateKeeper automatically enforces the constraints you set with payment instructions. When the sender or receiver is a computer system, payment instructions are set programmatically using APIs. FPS also provides a simple set of user interfaces that humans can use. From the users' point of view, they simply see terms of service and a request to accept those terms.

Amazon Flexible Payments Service (Amazon FPS) - Limited Beta [amazon.com]

pontifex




msg:3412899
 4:37 pm on Aug 3, 2007 (gmt 0)

excellent! same micropayment rates like paypal and frikin' fast! finally...

where are my coder gloves :)

P!

Beagle




msg:3413041
 6:37 pm on Aug 3, 2007 (gmt 0)

I've been keeping my eyes open for a way to implement something like iStockphoto's "credits" system - This might do it.

jwolthuis




msg:3413296
 3:38 am on Aug 4, 2007 (gmt 0)

Their system looks very feature-complete, with support for recurring payments, micro-payments, credit cards, Amazon balance transfer, and ACH payments. Multi-currency support appears to be present as well.

Their reliance on the co-branded UI, where each and every customer is presented with the Amazon log-in screen might turn some custmers off, scaring away merchants as well.

This model of 3rd party storage of addresses and payment information hasn't really taken off in Google's case, so it'll be interesting to see if Amazon can gain a foothold with their solution.

Mr Bo Jangles




msg:3413348
 5:34 am on Aug 4, 2007 (gmt 0)

Not easily used for non-US suppliers at this stage - hope they extend that fast, but I suspect that will come last, if at all.

hannasmith1




msg:3414036
 7:24 am on Aug 5, 2007 (gmt 0)

Seems like a good move.

[edited by: engine at 9:22 am (utc) on Aug. 6, 2007]

rogerd




msg:3414163
 1:16 pm on Aug 5, 2007 (gmt 0)

>>I've been keeping my eyes open for a way to implement something like iStockphoto's "credits" system - This might do it.

I like the idea of micropayments, but one advantage of istockphoto's credit system is that they have your money.

That gives them great up-front cash flow, and, I'm guessing, a profit boost if your credits expire unused. If you can afford to develop a system like this, it would probably be more advantageous in the long run than a micropayment system from someone else.

Of course, the downside is that to put credits in your account, you have to create an account, use a credit card, etc. A well-established micropayment system could speed this up and boost sales to new users.

genem




msg:3414614
 7:34 am on Aug 6, 2007 (gmt 0)

Anybody knows how to register for the Amazon Payments Business Account?

jwolthuis




msg:3415049
 5:56 pm on Aug 6, 2007 (gmt 0)

Here is the location of Amazon Payments:

https://payments.amazon.com/sdui/sdui/index.htm

Beagle




msg:3415338
 10:26 pm on Aug 6, 2007 (gmt 0)

This is the part I was thinking could be similar to istockphoto's system:

Prepaid - Callers can direct senders to the appropriate Amazon FPS co-branded user interface to purchase a prepaid balance and obtain a multi-use token for the prepaid balance. This multi-use token can be used to track the sender's usage of the prepaid balance. Amazon FPS provides GetPrepaidBalance API to obtain the outstanding prepaid balance at any time.

Higher on the page, it refers to using this in connection with micropayments, but it doesn't seem to be limited to that here.

genem




msg:3415619
 8:12 am on Aug 7, 2007 (gmt 0)

jwolthuis, I signed up through this link, but I don't see an option of upgrading to Business Account. The docs say that it is only available from third-party providers.

Beagle




msg:3416258
 11:44 pm on Aug 7, 2007 (gmt 0)

The page jwolthuis gave the URL for is set up for buyers to register - not sellers. To use the payment process from a merchant's end, read the info and follow the links in the "Are You a Developer?" box on the same page. Or just go to the Web Services part of the amazon site.

[edited by: Beagle at 11:46 pm (utc) on Aug. 7, 2007]

genem




msg:3416589
 9:46 am on Aug 8, 2007 (gmt 0)

Thanks, Beagle. The developer's beta is currently closed:(.

plumsauce




msg:3416623
 10:17 am on Aug 8, 2007 (gmt 0)


Having just read the subtitle, on a subjective note, I would much rather put my trust in Amazon, who has been doing payments for years, than Google, who have never done this before, and who seem to fumble every product launch they have ever done.

tootalldave




msg:3417115
 6:50 pm on Aug 8, 2007 (gmt 0)

It looks like it has quite a bit of development before it's usable.
I believe Amazon has only one third party who has picked up the ball, called Freshbooks.
But even they don't have it really up and running yet.
So there is no way at this time to sign up for the business account.

I'm assuming, it will have the same user interface to the standard Amazon checkout...

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