Amazon Shoppers Can Pay Via Venmo in 2022
In 2022, Amazon will begin accepting Venmo as well. Venmo parent company PayPal announced the news during its Q3 earnings call. Details on the Amazon partnership are scarce right now, but PayPal stated tha shoppers will be able to use it on Amazon’s website and its mobile app starting in 2022. They will be able […]
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In 2022, Amazon will begin accepting Venmo as well. Venmo parent company PayPal announced the news during its Q3 earnings call.
Details on the Amazon partnership are scarce right now, but PayPal stated tha shoppers will be able to use it on Amazon’s website and its mobile app starting in 2022. They will be able to use either their Venmo balance or a linked bank account to pay.
It’s possible that Amazon will surface it as a full-fledged payment mechanism by offering an entire Pay with Venmo option, or it’s possible it will try to maintain more control by requiring you to integrate Venmo with its own Amazon Wallet.
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Venmo, like PayPal, recently added support for popular cryptocurrencies. It’s not clear if that will allow shoppers to effectively purchase Amazon items with cryptocurrency, though.
On PayPal’s Q3 earnings call, the company stated that while the PayPal portion is still larger than Venmo, the Venmo business has now grown as large as the entire PayPal footprint.
