Today, Amazon Payments, the company’s PayPal competitor, has made its payments feature on third-party sites much more streamlined. Checkout by Amazon, which allows anyone with an Amazon.com account to make purchases on a third-party merchant’s site using their Amazon.com account credentials, don’t have to leave the site to access their payment information and address book when completing a purchase.
Previously, consumers had to leave a merchant’s site after clicking the checkout button, and were redirected to Amazon if using Amazon Checkout. Now, consumers can access their Amazon address book and stored payment methods directly on a merchant’s site.
The new version of Checkout By Amazon is already being used by Geeks.com and clothing site WetSeal. Amazon says that this small feature will be able to make the checkout process easier for its “tens of millions of Amazon.com account holders.”
There’s no doubt that not having to leave a merchant’s site could help with the conversion process at checkout. Of course, Checkout By Amazon is not nearly has popular as PayPal, which seems to be growing by leaps and bounds, and is adding one million new accounts per month. And PayPal has been allowing users to checkout in merchant sites for some time now.
Amazon.com, Inc. (AMZN), is a leading global Internet company and one of the most trafficked Internet retail destinations worldwide. Amazon is one of the first companies to sell products deep into the long tail by housing them in numerous warehouses and distributing products from many partner companies. Amazon directly sells or acts as a platform for the sale of a broad range of products. These include books, music, videos, consumer electronics, clothing and household products. The majority of Amazon’s...