Amazon offers free payment processing to startup retailers

Amazon (NASDAQ: AMZN) has certainly been promoting the heck out of its Login and Pay with Amazon service for the past few months. Now, online retailers that sign up for Login and Pay are eligible to receive free payment processing for transactions made through Amazon Payments, up to $10,000 in one year.

Amazon typically charges 2.9 percent plus $0.30 per transaction, for purchases of $10 or more, with volume discounts starting at $3,000 in transactions per month, Internet Retailer reported.

For new-business incubators that companies get off the ground, Amazon is offering free payment processing for the first $100,000 in transactions in one year.

"With Login and Pay, [a startup] is only two taps away from having a registered customer, and the customer is only one tap away from making a purchase," Rich Koehler, director of product and marketing for Amazon Payments, told Internet Retailer.

In order to receive the deal, businesses must also have an Amazon Web Services Activate account. While signup is free, retailers pay for services they use such as Web hosting and data storage.

For more
-See this Internet Retailer article

Related articles:
Amazon Prime price hike could ease supply chain pressure
Amazon's relaunches as online grocer with a twist
Amazon files patent for 'anticipatory' shipping
Is Amazon to blame for increased shipping costs?
Amazon Prime price hike, big savings or a big mistake?