PayPal has announced that beginning next year, Amazon customers in the United States will pay for their purchases using the Venmo payment platform, which the company operates. The change will provide Amazon customers with an additional payment option for their online purchases, but it will only be available through Venmo. Amazon does not support the primary PayPal platform, and the business has not stated whether or not it would support the new PayPal support, which may include PayPal accounts.
Similar to Cash App and Zelle, Venmo is a mobile-based payment network that accepts smartphone payments. Users can effortlessly transfer money from their existing balance or linked bank account to other users on the network using this platform. The most significant advantage, in general, is that Venmo transactions are (in the vast majority of circumstances) instantaneous and more convenient than exchanging cash.
Venmo compatibility will be added to the Amazon mobile app and Amazon.com website, according to a press release issued on November 8. PayPal announced the partnership with Amazon on November 8. The company did not specify when the new payment assistance option would be available other than to say that it would be accessible at some time next year.
Those who wish to take advantage of the impending support will need to download Venmo from either the Apple App Store or the Google Play Store to set up an account on the platform. Customers can order a Venmo debit card if they want to use their account balance in instances when their carrier does not enable the mobile payment option.
SVP and General Manager Darrell Esch stated in a statement: “Over the last year, we have focused on providing our Venmo community with more opportunities to utilize Venmo in their daily lives, including the ability to pay using QR Codes and delivering more shopping capabilities, such as purchase protection.” It gives us great pleasure to announce that, beginning next year, our users and Amazon customers will be able to pay with Venmo.