Amazon enters the payment provider market

December 12, 2007



DEBT FREE AT AGE 28!!
Originally uploaded by lemonjenny.

Yesterday Amazon announced it’s new service, “BillMeLater“. With just your Birthday and your social security number you’re in and able to checkout your shopping. That teaches us twice:
First, the service is for US citizen only. Other countries perhaps even don’t have a SSN number.
Second, they get access to your SSN-files to send you a bill to your address. The last thing sounds a little bit scary to me, since every data related to my SSN number should be private, secure and well guarded.
But perhaps US citizens do not fear the loss of privacy that much Europeans do. Anyway, that means that this service will have trouble to scale as a worldwide payment system. So far, Paypal and others must not fear it by now. But Amazon is a powerful company and the service will be worth to watch.