Amazon is dropping Venmo as a payment option next month, the PayPal owned mobile payment service announced on its website. The official announcement comes as Amazon notified users via email that Venmo will no longer be accepted on Amazon.com starting January 10, 2024. Amazon will still, however, accept Venmo debit and credit cards.
“Due to recent changes, Venmo can no longer be added as a payment method,” Venmo’s notice on its website reads. “Venmo will remain available to users who currently have it enabled in their Amazon wallet until 01/10/24. ”
PayPal spokesperson Joshua Criscoe told TechCrunch in an email that “Venmo and Amazon have agreed to disable Venmo as a payment option to pay on Amazon at this time. Customers can continue to add their Venmo debit card or credit card to their Venmo wallet to pay on Amazon. We have a strong relationship with Amazon and look forward to continuing to build on it.”
The reversal comes just over a year after Amazon announced that it would start allowing customers to make payments through Venmo on its website. At the time, the online retail giant said it wanted to offer customers payment options that were convenient and easy-to-use.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below: