Amazon customers will be able to pay with Venmo next year
Starting next year Amazon customers will be able to pay on Amazon.com and Amazon’s mobile shopping app via Venmo, the mobile payment service owned by PayPal.
It’s the latest deal inked by Amazon to give customers another way to pay for products on its marketplace. Earlier this year it partnered with Affirm to let customers buy products in monthly payments.
PayPal announced the deal as part of its third quarter earnings. Venmo processed $60 billion in total payment volume for the quarter, up 36%.
PayPal, which was recently exploring a purchase of Pinterest, acquired Venmo in 2013 as part of its $800 million Braintree acquisition.
Amazon does not let customers pay with PayPal.
Venmo earlier this year began allowing users to buy and sell using cryptocurrencies. The service also offers its own credit card.