PayPal vs. Amazon Pay Comparison

What is PayPal?

PayPal describes itself as an "open digital payment platform" that allows around 325 million active customers worldwide to connect in new ways and conduct business within seconds. Along with PayPal's other services Braintree, Venmo and Xoom, the platform is available in more than 200 markets worldwide. Consumers and merchants are purported to be able to receive money in more than 100 currencies, withdraw to their account in 56 currencies, and maintain balance in their PayPal account in 25 currencies. In the online shop, the software can be integrated either directly or via intermediary payment service providers (PSP). The stated advantages: protection of customers and merchants as well as "easy online shopping".

What is Amazon Pay?

Amazon Pay refers to itself as an "online payment option trusted by hundreds of millions of Amazon customers." In other words, Amazon Pay is a payment solution that allows Amazon customers to pay in the retailer's own online store using the information already stored in their Amazon account. The solution is supposed to be suitable for a wide range of payment needs: from immediate payment to recurring payments to refunds. According to their own information, the advantages of using Amazon Pay include building trust, reducing barriers to payment through an optimized checkout process, and offering voice recognition.