HOME ORGANIC SEARCH SEO TIPS MOBILE SEO TIPS SUBSCRIBE

SEARCH
 
FIND US
Twitter
Facebook
LinkedIn
SUBSCRIBE
Subscribe to Marketing Jive
 Subscribe to our feed.
ADVERTISE
Marketing-Jive, formerly SEO-Space, was established in 2006 and since then we have noticed significant increases in both traffic and feed subscribers. If you want to promote your business to thousands of visitors who understand digital marketing, you’ve come to the right place. Sign up and start receiving qualified leads right now. Your ad will be visible on every unique page on our blog.
Glossary of SEO Terms
  • SEO Terms A-C
  • SEO Terms D-F
  • SEO Terms G-I
  • SEO Terms J-L
  • SEO Terms M-O
  • SEO Terms P-S
  • SEO Terms T-V
  • SEO Terms W-Z
  • Enquiro's Online Marketing Glossary
Search Engine Market Share (US)
Organic Search / SEO Tips
Amazon to Offer Online Payment Service: Flexible Payments Service
Sunday, August 05, 2007
Amazon (AMZN) announced Friday that it will offer an online payments service that will compete with eBay's PayPal service. The online payment service known as Amazon Flexible Payments Service, or FPS, is intended to let developers build secure payment systems for their Internet sales.

There are a number of great features to the Amazon FPS online payment service. These features include:
  • Send and receive money using credit card, bank account or Amazon Payments balance transfer as payment methods.
  • Create "Payment Instructions" to define conditions and constraints desired for a given transaction, and programmatically obtain payment authorizations or "tokens" that represent these Payment Instructions from customers.
  • Execute one-time, multiple, or recurring payments on behalf of customers.
  • Aggregate micro-transactions into a single larger transaction using Prepaid and Postpaid capabilities.
  • View account balances, transaction histories, and transaction details on the Amazon Payments web site.
According to the official Amazon blog:
Since we've been processing payments for over ten years, we have a really good understanding of the cost and fee structures which are associated with each type of payment method. The cost to process a credit card, a bank account debit, or an Amazon Payments balance transfer differ greatly from each other. FPS exposes these fees directly, passing on the savings to the developer while also making provisions for the volume discounts available when large volumes of credit card payments are processed.
Pricing / Transaction Charges

Amazon Flexible Payments Service fees work like this:

Fees are assessed on a per-transaction basis and vary depending on the payment method used and the transaction amount:

For Transactions more than $10:
  • 1.5% + $0.01 for Amazon Payments balance transfers
  • 2.0% + $0.05 for bank account debits
  • 2.9% + $0.30 for credit card
For Transactions less than $10:
  • 1.5% + $0.01 for Amazon Payments balance transfers
  • 2.0% + $0.05 for bank account debits
  • 5.0% + $0.05 for credit card
For Amazon Payments balance transfers less than $0.05:
  • 20% of the transaction amount, with a minimum fee of $0.0025
Qualified developers can apply for the following monthly volume discounts for credit card transactions:
  • 2.5% + $0.30 per transaction for payment volume from $3K- $10K
  • 2.2% + $0.30 per transaction for payment volume from $10K - $100K
  • 1.9% + $0.30 per transaction for payment volume over $100K
The coolest thing about this online payment service is probably the flexibility in how they can structure payment instructions. Amazon.com, operates retail Websites and offers programs that enable third parties to sell products on its Websites.

Official Amazon Flexible Payments Service (Amazon FPS) page

Labels:

posted by Jody @ 7:49 PM  
0 Comments:
    Post a Comment
    << Home
     
    Top B2B Blogs   
    Invesp landing page optimization
    About Me
    Name: Jody
    Home: Kelowna, BC, Canada
    About Me: SEO guy by day, family man 24/7.
    Previous Posts
    Marketing Jive Vault of Posts
    Online Marketing Resources
    • Optimizing for Blended Search
    • Search Engine Guide
    • WebProNews Canada
    • Official Google Blog
    • Yahoo Search Blog
    • Search Engine Watch
    • 100% Organic
    • Global Thoughtz
    • B2B Marketing Blogs
    • Silicon Valley Gateway
    • Guy Kawasaki
    • Church of the Customer Blog
    • Marketo's Big List of B2B Blogs
    Blogs We Like
    Hockey Fanatic
    30-Five: Parenting Tips
    Ask.com Blog
    Comparison Engines
    Matt Cutts

    TechCrunch
    Techdirt
    VentureBeat
    Yahoo Search Blog

    Add to Technorati Favorites

    Marketing Jive Home

    |

    Subscribe | | Advertise | Site Map

    Add to GoogleAdd to My Yahoo!Add to BloglinesAdd to NetvibesAdd to Windows Live