Amazon begins Venmo payments roll-out ahead of Black Friday
Amazon is to begin offering Venmo as a new payment option for orders placed online and via its mobile app.
Venmo, owned by PayPal , allows users to send money to eachother. It has increasingly expanded beyond its peer-to-peer functionality, with more online players, such as Shopify and Lululemon, adding it to their offerings.
It will start to roll-out to select Amazon customers this week, and it will be available to US customers by Black Friday.
“We want to offer customers payment options that are convenient, easy to use, and secure - and there’s no better time for that than the busy holiday season. 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,” says Max Bardon, Vice President at 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.”
To get started, customers add their Venmo account as a payment method to their Amazon account.
They can then select it as their payment option during checkout. They can also choose to select it as their default payment option.
“We know that the Venmo community of nearly 90 million users value the safety, security, ease, and familiarity that paying with it helps to bring to the checkout experience,” says Doug Bland, Senior Vice President and General Manager, Head of Consumer, PayPal.
“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.”
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