Amazon Checkout Set To Kill PayPal
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According to reports, has decided to take ecommerce by the horns with two new payment options– Amazon Simple Pay and Checkout were launched today and are designed to directly compete with both Google Checkout and eBay’s PayPal.

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According to the company, Checkout by Amazon is a complete e-commerce checkout solution, while Amazon Simple Pay enables payments, marketplace transactions and even donations.

Checkout by Amazon is designed to identify customers and offer the now standard Amazon 1-Click experience, and also designed for merchants to upsell their products through the checkout pipeline.

For transactions of $10 or more, the Amazon service incurs a 2.9% mark-up plus 30 cents per transaction; however transactions less than $10 will cost 5% plus 5 cents per transaction. By comparison, PayPal charges 2.9% plus 30 cents per transaction for monthly sales up to $3,000.

Furthermore Checkout allows customers to view, edit, settle, and cancel orders; search orders by date; download orders in a text file; and print shipping labels and packing slips, as well as allowing merchants to co-brand the checkout pipeline with their own logo.