Skip to main content

PayPal could be on its way to Amazon; CEO says the two are “in conversations”

amazon paypal news office
Ken Wolter
PayPal is a pioneer of web payments and has made itself known all over the web. There is, however, one major website that has evaded its rise — Amazon. According to recent reports, that could soon change. PayPal confirmed in a report from Bloomberg that it has recently been in talks with Amazon to bring its payment services to the online shopping site.

“We have been in conversations with Amazon,” CEO Dan Schulman said in the interview with Bloomberg. “We’re closing in on 200 million users on our platform right now. At that scale, it’s hard for any retailer to think about not accepting PayPal.”

A deal with Amazon would be huge for PayPal. Its shares have been in a slow decline of late and Amazon is estimated to account for  74.1 percent of all online sales.

There is likely a reason it has taken this long for Amazon to adopt PayPal as a payment platform. The company was once owned by Amazon rival Ebay but separated from the company around 18 months ago to focus on expanding its business to other websites and services. Since that split, Schulman has been trying to create as many agreements as possible in an attempt to expand the number of people using PayPal.

Amazon, however, has its own ambitions in the online payments business, according to Bloomberg. In fact, the company recently hired former PayPal employee Patrick Gauthier to head Amazon’s online payments efforts. Not only that, but Amazon began allowing users to pay for things on other websites using their Amazon account.

Many would likely celebrate if the online payment platform finally came to Amazon. Hopefully, the talks between the two companies will end in an agreement.

Editors' Recommendations

Christian de Looper
Christian’s interest in technology began as a child in Australia, when he stumbled upon a computer at a garage sale that he…
Amazon says it blocked billions of counterfeit products in 2020
boston couple unwanted amazon deliveries package

Amazon is continuing to wage war against counterfeit products, with the problem so serious that the company spent $700 million on tackling the issue in 2020 alone.

Last year saw Amazon block a colossal 10 billion suspect listings before they were published on its sprawling e-commerce site. It also “seized and destroyed" more than two million items that it detected as fake before they had a chance to be shipped to customers.

Read more
How to buy Bitcoin with PayPal

Buying Bitcoin is much easier today than it was in the past, but it would still be easier if you could just use your Paypal account, wouldn't it? It turns out if you try to do that, it's a bit more tricky -- and much more expensive.

One of the main reasons why it's difficult is the potential for chargebacks. Major exchanges won't allow PayPal transactions because it would be too easy for people to buy Bitcoins, then use PayPal's support system to chargeback their purchase and receive their original purchase fee back. That would be an improper and fraudulent way to buy Bitcoin -- even when using the services below -- so it's not encouraged in any manner.

Read more
Amazon’s Dash Wand shopping device is about to lose its magic
amazon to end support for its dash wand shopping device

Amazon will end support for its Dash Wand device on July 21.

The online shopping giant launched the Dash Wand in 2014, allowing AmazonFresh shoppers to order food items by scanning bar codes on products that you have, but may run out of soon. If you didn't have a bar code to scan, you could simply place an order by speaking into the Wand’s microphone. The second version, which launched in 2017, also answered any questions that you fired at it, with the replies spoken by Amazon’s digital assistant, Alexa.

Read more