Amazon allows its US-based customers to use Venmo for transactions

By Anusha  | Date: October 26, 2022

Amazon allows its US-based customers to use Venmo for transactions

American e-commerce giant Amazon.com Inc. is gearing up to allow its users to purchase their items using their Venmo accounts. This feature would be available for use among select consumers from Tuesday i.e., 25th October and is scheduled to be rolled out for all consumers a day after Thanksgiving from Black Friday i.e., 25th November.

For the uninitiated, Venmo is an American mobile payment service platform under PayPal that originally aimed at allowing its friends and family to evenly split bills for dinner, movies, etc. It later became an accessible tool for customers to transfer funds among each other via the mobile app.

It is worth noting that to conduct transactions on the Amazon app, customers would first need to add their Venmo account. After purchasing the items, users can select the option of Select Payment Method and subsequently select the option of Add Venmo Account. This procedure would redirect users to the Venmo payment gateway and after authentication, complete their payments efficiently.

Furthermore, users would also be able to choose the Venmo app as their default payment option for future purchases. Customers can easily choose between their Venmo balance or debit card to complete their transactions.

Vice President of Worldwide Payment at Amazon, Max Bardon claims that the company has made the decision to provide a plethora of convenient and easy-to-use payment options to be in tandem with the needs and preferences of every Amazon consumer.

The e-commerce moguls decision to expand its payment alternatives comes as the business has had to postpone plans to intensify its storage facilities given the decline in revenues. Retailers have been giving additional discounts to sweep out their overstocked shelves and entice inflation-stricken customers as a result of their increased apprehension about the festive spending season.

Currently, the e-commerce platform has integrated the services of payment gateways such as Mastercard, Visa, American Express, JCB, and Diners Club.

Source Credits: - https://www.livemint.com/news/world/amazon-to-allow-us-customers-to-pay-with-venmo-11666719971669.html

About Author

Anusha     ibmag.com

Anusha

As a voracious reader and thinker, employing words has always been my preferred method of narration. Anusha’s conviction that a drop of ink possesses the ability to influence even the most stubborn minds has been strengthened by completing a Master’s degree in Engl...

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