Flipkart’s #BigBillionDay has gone. Its time for Amazon to create the buzz. With Amazon’s big Diwali offer coming ahead from 10th October 2014, Amazon is directly challenging Ebay’s PayPal.
Amazon has launched “Pay with Amazon” for third party transactions in India. Now all you need is your Amazon credentials, there is no need for any sign-ups further for shipping and payments and the shopping is done! For sellers it will become easier in getting started with payment collections, for users its a shortcut to effective shopping. The whole process is an easy set-up system which take cares of orders and payments in a properly managed way.
“By launching Pay with Amazon we aim to provide a trusted payment bridge between customers and sellers”” says Srinivas Rao, GM( payments), Amazon.
— Jeff Bezos (@JeffBezosAmazon) September 29, 2014
Amazon is charging 1.95% per transaction from merchants under a promotional offer till end of September 2015, after that it will be 3% per transaction for credit card and net-banking payments and for debit cards it will be standard price of 0.75% for less than Rs 2,000 and 1% for more than Rs 2000, of transaction values.
In a price driven country like India, with a large festival fanatics user base, Amazon has eased the shopping experience too, hence playing its big card again. The sales are on, customers are hungry for shopping with discounts and easy processing gateways. All Win-Win.