The Seattle-Search.com Blog

Ka-ching, ka-ching! Amazon is rolling out a new web service for online payments which will compete with PayPal and Google Checkout. The new program is an extension of the existing Amazon Payments, which allows third parties selling items on Amazon’s extended network to receive payments from buyers.
For the time being, users will be redirected to Amazon’s servers to complete the payment and then returned to the shopping site. PayPal’s integrated solution currently allows users to remain on the original ecommerce site, an attractive feature for larger partners. The new service will also allow sites to use Amazon to manage payments between users, and receive confirmation of transactions. This seems particularly useful for the new crop of online money management services.