Amazon

Are Amazon, PayPal Eyeing A Payments Pair-Up?

It looks like Amazon and PayPal have been discussing a possible future where Amazon shoppers can pay with PayPal on the U.S.’ most popular eCommerce site.

“We have been in conversations with Amazon,” PayPal CEO Dan Schulman said Thursday in an 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.”

Schulman told Bloomberg there are no details to announce as of yet, “because the conversations’ focus are still on how to use one another’s assets to the mutual benefit of our customers.”

Amazon had no official comment on a potential pair-up.

The deal is now made a possibility because PayPal is no longer a sub-unit of eBay, a rival online marketplace. PayPal these days, however, is working to build out its reputation as the premier digital financial services provider on the planet and is thus no longer a direct competitor to Amazon (which is losing its big payments patent for one-click buying this year anyway).

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