Amazon is bumping up payment options and it directly benefits Venmo users. This week Paypal announced a partnership with Amazon that will allow U.S. users to pay with Venmo at checkout. It will be the site’s the first alternative payment option to traditional cards and checking accounts.
Currently Venmo has more than 80 million users in the U.S. and starting next year, they can pay using the platform on Amazon.com and the Amazon mobile shopping app. Venmo found that 47% of users are interested in using the service to check out with merchants and many users increased online shopping during the pandemic.
“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 GM, Venmo. “We’re thrilled to make it possible for our users and Amazon customers to pay with Venmo starting next year.”
If you don’t have a Venmo account, you can download the app and link your bank account to get started. The new payment option will be available sometime in 2022.
—Sarah Shebek
Featured image courtesy of Pexels
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