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Amazon-Stripe partnership

(stripe.com)
258 points polyrand | 1 comments | 23 Jan 23 15:38 UTC | HN request time: 0.207s | source
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vishnugupta ◴[23 Jan 23 17:17 UTC] No.34491814[source]▶
I worked on Amazon Payments systems for quite some time back in the day. We took pride in being the best payment processors. Had direct connections with card networks, banks and what not. We even launched a PayPal competitor[1]. They launched a Square like device for physical retailers[2]. They invested some serious money in building and maintaining all of that.

However going by this news seems like Amazon has more or less given up on their payments ambitions. Could be also due to recent layoffs. This is a big news. Maybe Amazon wants to focus on being good at few things instead of running hundreds of experiments.

Edit: References.

[1] https://pay.amazon.com

[2] https://www.forbes.com/sites/ryanmac/2015/10/30/amazon-kills...

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1. pwarner ◴[23 Jan 23 20:20 UTC] No.34494414[source]▶
I have no inside knowledge, but maybe rather than stop experimenting, they'll just declare some failures rather than keeping mediocre offerings alive. I have no first hand knowledge that Amazon payments was good or bad, but I also took note of Amazon partnering with Slack. That seemed as an ack that Chime's chat was never going to be good as Slack, might as well join them.

To me it's big step up in maturity for Amazon to find the right areas to focus on, and get the right partnerships.