Amazon buys stake in payment service BillMeLater

[mandy]

Amazon.com announced it is making an equity investment in Bill Me Later Inc., and has signed an agreement to make the Bill Me Later payment option available on the Amazon marketplace. Online payments are nothing new to Amazon.com, which processes all payments on behalf of its third-party merchants and recently introduced Amazon Flexible Payments Service (FPS) for developers...

Wall Street analyst Scott Devitt of Stifel, Nicolaus & Company saw the Amazon-Bill Me Later move as a missed opportunity for PayPal...

full article: http://www.auctionbytes.com/cab/abn/y07/m12/i12/s02

[mandy]

Amazon ends its relationship with BillMe Later:

BillMeLater no longer accepted on Amazon.com as of December 31, 2008
Posted: Dec 30, 2008 12:17 PM

Effective Wednesday, December 31, 2008, BillMeLater (BML) will no longer be accepted as a payment method on Amazon.com. All sales and orders processed with BillMeLater prior to this date will continue to be processed; no changes are needed for these existing orders.

Amazon customers can continue to use the remaining payment methods available on Amazon.com in future orders.

announcement: http://www.amazonsellercommunity.com/for...dID=164022&tstart=0

From Auctionbytes:

Amazon.com will no longer accept Bill Me Later as a payment method effective December 31, 2008. Amazon made the announcement to sellers abruptly on Monday, 5 months after adding the service to its marketplace and 1 month after Bill Me Later was acquired by rival eBay for $945 million...

full article: http://www.auctionbytes.com/cab/abn/y08/m12/i31/s01