Amazon to allow US customers to pay with Venmo
Amazon is rolling out a feature that allows shoppers to pay for items using their Venmo accounts
Your support helps us to tell the story
As your White House correspondent, I ask the tough questions and seek the answers that matter.
Your support enables me to be in the room, pressing for transparency and accountability. Without your contributions, we wouldn't have the resources to challenge those in power.
Your donation makes it possible for us to keep doing this important work, keeping you informed every step of the way to the November election
Andrew Feinberg
White House Correspondent
Amazon is rolling out a feature that allows shoppers to pay for items using their Venmo accounts.
The option to pay with Venmo will be available for select Amazon.com customers beginning on Tuesday, the e-commerce giant said in a news release. By Black Friday — the day after Thanksgiving — it will be available nationally.
Venmo is largely known for peer-to-peer transactions, but it has been expanding its offering to allow payments to businesses.
Amazon’s move to offer more payment options comes as sluggish sales numbers have pushed the company to put brakes on its warehouse expansion plans. Retailers have also been more skittish about the holiday shopping season, and are offering more discounts to clear out their bloated inventories and lure in inflation-hit consumers.
Earlier this month, Amazon held its second major sales event this year for its Prime members, the first time the company offered such discounts twice in one year. The retail behemoth did not reveal how much revenue it pulled from the event, but some estimates showed it saw lower sales.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.