Amazon to Accept Venmo as Payment

ALEXANDRIA, Va.—PayPal announced that Venmo users will be able to pay via Venmo next year via a partnership with Amazon, according to a news release. Users will be able to use Venmo funding methods including a linked bank account and Venmo balance.

“We understand our customers want options and flexibility in how they make purchases on Amazon,” said Ben Volk, director of global payment acceptance, 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.”

Venmo found in a recent study that 65% of Venmo users said they increased their online purchasing behaviors amidst the pandemic, and 47% are interested in paying with Venmo when checking out with merchants. NACS Daily reported that the pandemic fueled consumer appetite for new contactless payment options in the checkout line.

“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,” said Darrell Esch, senior vice president and general manager, Venmo. “We’re thrilled to make it possible for our users and Amazon customers to pay with Venmo starting next year.”

In August, Giant Eagle and GetGo locations began accepting Venmo and PayPal as forms of payment, making them the first grocery and convenience store chains in the U.S. to offer customers this payment ability.

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