Amazon enters the payment provider market



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.

2 Responses to Amazon enters the payment provider market

  1. ellaella says:

    This is one American who won’t be giving out my SS number to Amazon…or anyone else. Even though it is not a legal form of ID (which many people don’t know) it is one of the easiest ways to initiate identity theft. Shame on Amazon!

  2. stephanv says:

    ellaella,
    thanks for that feedback. You do exactly meet my concerns and I’m just wondering if Amazon is not afraid that nobody will use that way of paying. But it might be convenient and they catch perhaps people who don’t car about identity theft. I’m not happy that companies like Amazon start to open a “Pandora’s Box”.

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