Why This New Service From Amazon Could Be Huge

Earlier this week, Amazon.com (NASDAQ: AMZN  ) launched its new "Login and Pay with Amazon" service. Through this implementation, the online retail giant is aiming to help third-party websites allow customers to more easily process electronic payments using their Amazon credentials.


Source: Amazon.com.

Of course, this isn't exactly good news for PayPal, which made up more than 40% of eBay's (NASDAQ: EBAY  ) revenue last year.

What's more, in the following video, Fool contributor Steve Symington outlines several key advantages that Amazon should be able to enjoy entering into the payment space. Watch the full video below to get Steve's take, then let us know what you think in the comments section below.

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  • Report this Comment On October 11, 2013, at 11:10 AM, earlyseller wrote:

    Steve,

    Whoever set your video to just let you be a "Talking Head" may have done your great Amazon Pay session a disservice. I could not tell if your "Gesture Vocabulary" would have enhanced the video way beyond your unnecessary use of "UMs" as a verbal excess. Pauses for breath or thought sequencing would POWER up the other words you said around the UMs.

    Also; GREAT fact! You never said one "You Know." Thanks from a registered sesquipedalian and offerer of a TMF "Style Guide" factotum.

  • Report this Comment On October 11, 2013, at 12:20 PM, TMFSymington wrote:

    @earlyseller, Thanks (?) for the feedback! I'm still early on the video curve, but working to improve with each one considering I'm convinced (if done right) they can serve as valuable, approachable sources to quickly spur conversation around our favorite stocks.

    So keep it coming, Fool, and thanks for watching!

    Cheers,

    Steve

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