Since 2007, Amazon has entered the world of online payment services to compete with powerhouse PayPal with their own version called Amazon Payments. This service allows sellers and buyers to use payment methods for sending/requesting money, adding funds, and making purchases of goods, services, and even purchasing through third-party websites. Although PayPal still reigns supreme, Amazon is setting its sights on PayPal’s hold over alternative payment solutions and looking to become the #1 online payment services in the world.
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