Amazon has launched its Pay With Amazon in India, which allows customers to use the information already stored in their Amazon account to checkout and pay conveniently on ecommerce sites. Thus ends up the need to create countless usernames and passwords on different websites only Amazon account credentials are all that’s needed.
Here is a quick video on how it works:
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On the other side, it makes easier for merchants to collect payments with other related benefits.
Amazon is only charging 1.95% from the merchants with this there is no monthly, set up, cancellation fraud protection fees which a seller need to pay. You can find more details here. Online store for kids products, Babyoye is already using the service.
The news of Amazon bringing this service comes just a few weeks after Flipkart announced that it will be shutting down Payzippy. Recently, Paytm has launched Pay with wallet feature.