Friday, April 12, 2024

Amazon Venmo Partnership: How To Do Amazon Payments in 2024?

Amazon is the biggest digital marketplace, with nearly 2 million sellers globally and over 600 million listed products. To make customers get the best out of Amazon, the company supports a wide range of payment channels for customers to ensure safe and fast transactions of funds.

The Amazon Venmo partnership was one such big move towards flexible and secure payments. However, it has recently been taken down by Amazon. If you don’t know which payment method to use for Amazon, this is what we can help you with in this guide. We will discuss Amazon Venmo partnership updates, list the active payment methods, and guide you on handling payment methods effectively. So, let’s begin!

  1. Amazon Venmo Partnership: Can I Use Venmo for Payments?
  2. How was the Venmo Payment Method Used for Amazon?
  3. List of Other Amazon Payment Methods
  4. Can We Use Crypto to Pay on Amazon?
  5. Can I Use Multiple Payment Methods on Amazon?
  6. How To Delete Payment Method on Amazon?
  7. Wrapping Up

Amazon Venmo Partnership: Can I Use Venmo for Payments?

Venmo is an American payment app owned by PayPal. It was introduced in 2009 for peer-to-peer money transfers through iPhone or Android mobile phones. You can pay for anything that you normally buy with cash.

Venmo started as a free payment service system with social networking features. You can easily make transactions on this app with all your connections. It also offers credit and debit cards that can work within the US.

After leaving the traditional payment systems, Amazon was pumped to onboard flexible and easy-to-use payment methods for customers. The Amazon Venmo partnership was announced at the end of 2022 when Black Friday sales were around the corner. Amazon added Venmo as a payment option, which was active by November 25th initially for all US-based customers. 

The main objective behind this move was to add a convenient, secure, and user-friendly payment option on the platform. With third-party payment systems, Amazon wants to ease customers and invite more sales.

Recently, Amazon announced that Venmo-based payments will no longer be accepted on the platform. However, the users who have it enabled currently in their Amazon wallets can’t use it after January 10th of this year.

Even after Amazon disabled PayPal-owned Venmo, customers will still be able to add Venmo debit or credit cards to their wallets and make payments on Amazon. However, Venmo can’t be added as a payment method on Amazon anymore due to the recent updates.

Neither company has shared why their collaboration ended within a little more than a year. Amazon’s spokesperson stated that customers can still use a dozen other payment options to make payments on the platform, like credit cards, debit cards, and even installments, to easily pay for their ordered items in chunks.

We will cover other payment methods available for Amazon in one of the sections ahead.

How was Venmo Payment Method Used for Amazon?

Amazon was accepting traditional payment methods like credit/debit and store cards before the Amazon Venmo partnership was announced. The key purpose behind this collaboration was to provide ease to the buyers by offering various choices.

The two companies confirmed that these transactions will be protected under Amazon’s technology and Venmo Purchase Protection. Also, the customers will be able to make payments conveniently and safely on the digital marketplace.

Let us discuss how users could add Venmo payment method for Amazon:

  1. Select the product you want to purchase, add it to your cart, and proceed to checkout
  2. In the checkout interface, click the Select a payment method option.
  3. Click the Add a Venmo account option, and you will be taken to the Venmo app for authorizing Amazon payments
  4. Select Set Venmo as your default payment method, which appears on the popup window to confirm your action.

In case you change your mind and want to remove this payment method later, you can easily do it by navigating to the Venmo app Settings and selecting Connected Businesses.

However, with the recent changes, Amazon has dropped the Venmo payment method for all users, and it can no longer be used or added to Amazon payments.

List of Other Amazon Payment Methods

Amazon offers a variety of payment methods for users. It facilitates payments through credit cards and debit cards. Even after the end of the Amazon Venmo partnership, customers still have several secure options to make payments on Amazon.

Let us discuss some of the acceptable payments on Amazon:

1. Amazon Pay

Amazon Pay is the online payment service owned by Amazon for a fast and safe checkout process. It was launched in 2007 to help customers and sellers process online payments.

Amazon Pay services are now available in the United States, Japan, Austria, Italy, India, Malaysia, United Kingdom, Germany, France, Belgium, Denmark, Netherlands, Cyprus, Switzerland, Hungary, Spain, Republic of Ireland, Portugal, Luxembourg, and Sweden.

You can register for free and buy millions of products globally with this safe checkout payment solution. Moreover, with the recent launch of Buy with Prime, Amazon Pay is available for members outside the platform on checkouts.

2. Credit Cards

Credit cards are commonly used by customers to make payments on Amazon. It accepts a wide range of credit cards, including:

  1. Mastercard
  2. Visa
  3. American Express
  4. JCB (US-based billing addresses only)
  5. Diner’s
  6. Discover

You can even use an Amazon Store card to purchase goods from selected merchants.

3. Amazon Store Cards

The Amazon Store Card, now upgraded to the Amazon Prime Store Card, is issued by Synchrony Bank. It is only available to the members eligible for Prime membership, depending on their credit approval.

Prime card holders can access premium offers on selected products and enjoy a 5% cashback on Amazon purchases.

Amazon Prime Store cards can only be used for Amazon orders. However, to make payments outside Amazon, you can use Amazon Pay.

4. Gift Cards

Amazon customers can redeem gift cards to purchase products online. Once you redeem your gift card, the balance can’t be transferred to an Amazon store in a different country or between different accounts.

You can purchase gift cards from the Amazon website or the particular online stores that sell these cards.

5. Buy Now Pay Later

Buy Now Pay Later is an interesting short-term installment method available for Amazon payments. You can purchase any product with a loan, dividing your payment into a couple of installments. Using this option, you don’t need to pay the complete amount upfront.

Can We Use Crypto to Pay on Amazon?

Amazon doesn’t accept cryptocurrency payments directly. However, you can buy an Amazon gift card using crypto or BTC to purchase products on Amazon.

You can also use third-party sites like Purse.io that connect people who want to purchase Amazon products using Bitcoin with merchants willing to get Bitcoin in return.

Venmo allows cryptocurrency payments to enable crypto payments. However, since the Amazon Venmo partnership has stopped, it is hard to use crypto to pay on Amazon.

Can I Use Multiple Payment Methods on Amazon?

You cannot use multiple cards to split a payment on Amazon. However, you can divide the payment between an Amazon gift card and one of the permissible credit or debit cards.

In case your Amazon gift card balance is insufficient, you can use multiple payment methods like credit or debit cards to cover the difference. It is important to note that this is the only case where you can use two different payment modes on checkout.

You can only split payments between two cards by purchasing an Amazon gift card with any of your credit/debit cards.

How To Delete Payment Method on Amazon?

If you want to disable a payment method on Amazon for any valid reason, Amazon lets you delete the attached account easily and instantly.

To delete a payment method on Amazon, follow these steps:

  1. Log in to your Amazon account using your credentials.
  2. Navigate to the Accounts and Lists option in the upper-right corner of the screen.
  3. Under the Ordering and Shopping preferences, select the Payment option.
  4. Navigate to Your Credit and Debit Cards and select the card you want to remove.

That’s it! By following this method, you can easily delete any Amazon payment method from your account. Moreover, you can use the same process on your phone and desktop to remove payment options.

Wrapping Up

Amazon has become a reliable platform for e-commerce sales worldwide. This retail giant offers several secure payment options to facilitate customers during the checkout process. It accepts a range of credit, debit cards, and gift cards for making payments. The Amazon Venmo partnership had remained a handy choice for customers, but it has unfortunately now ended. Therefore, consider the other Amazon payment methods discussed above and use the ones that seem to you the best.