Amazon Pay was launched in 2007 and is the online payments processing service of Amazon. In June 2017 it became available in other countries outside the United States, including the UK.
Amazon Pay Credit Card Processing & Payment Services
Amazon Pay accepts a wide range of credit and debit cards and also accepts payment in all major currencies.
- American Express
- Visa Electron
- UK based Maestro and Solo cards
Amazon Pay Pricing & Fees
|Monthly Payment Volume (GBP)*||Processing Fee**||Authorisation Fee (GBP)|
|Less than 1,500||3.4%||0.20|
|Cross Border Fee|
|Aland Islands, Denmark, Finland, Iceland, Norway, Sweden||0.4%|
|Austria, Belgium, Canada, Channel Islands, Cyprus, Estonia, France (including French Guiana, Guadeloupe, Martinique, Reunion and Mayotte), Germany, Gibraltar, Greece, Ireland, Isle of Man, Italy, Luxembourg, Malta, Monaco, Netherlands, Portugal, Montenegro, San Marino, Slovakia, Slovenia, Spain, United States, Vatican City State||0.5%|
|Andorra, Albania, Bosnia & Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Latvia, Liechtenstein, Lithuania, Macedonia, Moldova, Poland, Romania, Russian Federation, Serbia, Switzerland, Turkey, Ukraine||1.0%|
|Rest of the world||1.5%|
Source: Amazon Pricing
To see how that compares have a look at: UK Merchant Account and Credit Card Processing Fee Comparison.
Amazon Pay Features
- No early termination fee
- Debit and credit card processing
- On-site checkout
- Automated recurring billing
- Mobile and tablet friendly checkout
- ‘Buy now’ button
- Month by month commitment
- 24/7 customer support
- Protects merchants’ customers with Amazon A-to-Z Guarantee at no additional cost
- Fraud detection and prevention technology helps reduce bad debt
- Volume discounts available
- Validate and verify customers with a familiar and trusted login
- Receive customer name and verified email at check-in
- Extensions and plug-ins with ecommerce platforms include Shopify, BigCommerce, Magento, OpenCart and PrestaShop
Amazon Pay was launched in 2007 and is a subsidiary of Amazon.com. In June 2017, Amazon Pay was introduced to the UK. It allows Amazon merchants to offer their customers a simple way of paying for products and services. Customers remain on the merchant’s website throughout the whole process of purchasing and paying.
Amazon Pay clearly states its pricing on its website and there are no complaints regarding hidden costs or fees. One of the great advantages of Amazon Pay is that customer information is already stored on their Amazon account, so customers don’t have to re-enter information, which makes the buying process quick and easy.
Amazon Pay Pros & Cons
The following pros and cons are based on information available on Amazon Pay’s website and reviews from Finance OnLine and G2Crowd (Not because Amazon Pay is still relatively new in the UK, these reviews look at the US program).
- Low overall cost
- No hidden fees
- No cancellation fees
- System simple to implement
- High processing fees
- Holding on to funds
- Customer support not always helpful
- Pay is slow unless you are a high-end seller
Amazon Pay Reviews
- FinanceOnline: 9.2 out of 10 based on 7 reviews
- G2Crowd: 4.1 out of 5 based on 46 reviews