Friday, June 20, 2008

Buzz Building about Amazon Payments

It just started to percolate a little when Derek Brown of Cantor Fitgerald released a note saying:

"At the same time, we see potential changes to the competitive landscape. Most noteworthy, our research leads us to believe that may soon launch a PayPal-esque Payments service for use by consumers and merchants across the Web, potentially siphoning growth and/or profit from eBay's crown jewel."

Barrons was first to pick it up and then the tech bloggers started to weigh-in, but since there is so little information on what the offering will be, the buzz is just kind of simmering.

I think because Google wasn't able to get much traction against PayPal and PayPal continues grow their off eBay biz, many observers are skeptical. Nobody wants to call this the "PayPal Killer".

It will be very interesting to follow.

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