Beginning next year, users of Venmo's money transfer service will be able to use their linked bank accounts and Venmo balance to make purchases on Amazon's website and in the Amazon mobile app.
Director of global payment acceptance at Amazon, Ben Volk praised the new partnership between the two companies, saying:
“We understand our customers want options and flexibility in how they make purchases on Amazon. We’re excited to team-up with Venmo and give our customers the ability to pay by using their Venmo accounts, providing new ways to pay on Amazon.”
More ways to use Venmo
According to a recent Venmo Behavior study, 65 percent of Venmo users said they bought more products online during the pandemic with almost half (47%) interested in paying with the service during checkout out with merchants.
To this end, the company has enhanced its offerings to expand the ways in which Venmo can be used both in-person and online according to the company's SVP and GM, Darrell Esch who highlighted the addition of QR codes and other new features in a press release, saying:
“Over the last year, we have focused on giving our Venmo community more ways to use Venmo in their daily lives, including the ability to pay with QR Codes and providing more shopping features like purchase protections. We’re thrilled to make it possible for our users and Amazon customers to pay with Venmo starting next year.”
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After working with the TechRadar Pro team for the last several years, Anthony is now the security and networking editor at Tom’s Guide where he covers everything from data breaches and ransomware gangs to the best way to cover your whole home or business with Wi-Fi. When not writing, you can find him tinkering with PCs and game consoles, managing cables and upgrading his smart home.