Select customers are now being given the option of choosing Venmo as their preferred payment option at checkout on the Amazon marketplace, with a US-wide roll-out scheduled to be completed by Black Friday
The Amazon-Venmo partnership was first announced almost a year ago, in November 2021.
Select customers are now being given the option of choosing Venmo as their preferred payment option at checkout on the Amazon marketplace, with a US-wide roll-out scheduled to be completed by Black Friday (25 November).
“Whether it’s paying with cash, buying now and paying later, or now paying via Venmo, our goal is to meet the needs and preferences of every Amazon customer,” explained Max Bardon, vice president of Amazon Worldwide Payments.
“We’re excited to continue to offer customers even more options when it comes to how and when they want to pay for their order.
Venmo was founded in 2009. Now owned by PayPal, the fintech currently has more than 83m users.
Doug Bland, senior vice president and general manager and head of consumer at PayPal, said: “We know that the Venmo community of nearly 90 million users value the safety, security, ease, and familiarity that paying with Venmo helps to bring to the checkout experience.”
“The ability to pay with Venmo on Amazon continues our ongoing commitment to offer the community more ways to spend, send, receive, and manage their money with Venmo.”
Venmo also offers a credit card and its users can buy and sell cryptocurrencies. However, Amazon has no plans to accept cryptocurrency anytime soon.
Amazon’s partnership with Venmo is its latest with third-party payments providers as the ecommerce company looks to expand available options for customers at checkout.
Last year, it partnered with Affirm to offer buy-now, pay-later plans for select purchases.