Payments

Amazon checkout will offer Venmo option next year

Photo by istock.com

November 11, 2021

Come 2022 Amazon customers will have the option to check out using Venmo, according to a PayPal press release.

"We understand our customers want options and flexibility in how they make purchases on Amazon," Amazon's director of global payment acceptance, Ben Volk, said in a statement. "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."

A recent Venmo Behavior study revealed 65% of Venmo users said they increased online purchasing behaviors amidst the pandemic and 47% are interested in paying with Venmo when checking out with merchants.

"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," Darrell Esch, senior VP and GM, Venmo, said in the release. "We're thrilled to make it possible for our users and Amazon customers to pay with Venmo starting next year."

The news comes on the heels of Venmo expanding support for cryptocurrency.