What is Amazon Pay?
Amazon Pay is an online payment processing service owned by Amazon that allows users to make purchases on third-party websites and mobile apps using the payment and shipping information stored in their Amazon account. It provides a streamlined, one-click checkout experience for customers by eliminating the need to manually enter payment and address details for each online purchase.
When checking out on a website that accepts Amazon Pay, users can choose Amazon Pay as the payment option and then log in using their Amazon credentials if not already signed in. The service will retrieve the user's name, address, payment methods, and other account details to populate the checkout form automatically. This provides a faster, more convenient way to complete purchases across merchants that accept Amazon Pay.
For merchants, integrating Amazon Pay can help drive more sales by giving customers a checkout option they know and trust. As an Amazon service, it also provides sellers access to Amazon's base of over 300 million active customer accounts globally as a potential customer base. Additionally, sellers benefit from Amazon's state-of-the-art fraud protection and payment processing capabilities. Amazon Pay collects payments and pays merchants directly, eliminating the need for further payment reconciliations.
Amazon Pay is available globally as a payment option for online stores and apps. Supported payment methods include credit and debit cards, Amazon Store Card, gift cards, and Amazon Pay balance. Users can also choose to check out using Amazon Pay without storing actual payment instruments for a guest experience. The service is offered to merchants under a standard transaction fee model based on sales volume.