Amazon is a bellwether in many ways for online sellers. A recent announcement from the e-commerce giant and PayPal may signal more merchants will be using P2P payment apps in e-commerce transactions.
PayPal said this week that U.S. users will be able to make purchases on Amazon using its Venmo service beginning sometime in 2022. PayPal—Venmo’s parent company—and Amazon said they are responding to consumer sentiment that was confirmed in a recent Venmo Behavior study in which 47 percent of Venmo users reported they are interested in using the app to shop with merchants online.
“Over the last year, we have focused on giving our Venmo community more ways to use Venmo in their daily lives, including the ability to pay with QR Codes and providing more shopping features like purchase protections,” said Darrell Esch, senior vice president and general manager of Venmo. “We’re thrilled to make it possible for our users and Amazon customers to pay with Venmo starting next year.”
Amazon said it is another way to provide options and flexibility to its customers.