Amazon Pay : A Digital Payment App for Online Purchase

Amazon Pay

Amazon Pay is a type of digital payment app that can be used to pay for online purchases. Payments can be made on the Amazon app or on other partner apps and websites for goods and services. Customers can choose their payment method, be it, debit/credit card, net banking or Amazon Pay Balance.

Some of the main advantages of using Amazon Pay Balance include immediate checkout facility, speedier refunds, and balance tracking, among others. The two things that make up the pay balance include ‘Money’ and ‘Gift & Cards’. Through the Money feature users will be able to add money using internet banking.

Amazon Pay = Balance in ‘Money’ + balance in ‘Gifts & Credits’

How to Register for Amazon Pay

Those with an Amazon account need not register and can use their existing credentials and payment information. On the other hand, those without an Amazon account will have to create one.

How to Make Payment using Amazon Pay

Step 1: Tap the Amazon Pay option, which can be found under the payment method options on other websites

Step 2: Proceed to login to Amazon account by keying in email address and password

Step 3: Choose the appropriate payment method

Step 4: Key in PIN and confirm the payment

Features and benefits of Amazon Pay

  • Convenient and easy to use
  • Payment methods can be chosen as per convenience
  • No need to have multiple accounts
  • Safe and secure

Amazon Transaction Limits

  • Amazon Money: A maximum of Rs.10,000 can be added on a per month basis. While the minimum amount that can be added is Rs.1. on the other hand, the maximum amount of money that can be loaded in a financial year is Rs.1 lakh.
  • Gifts & Cards: The maximum amount that can be added in a single transaction is Rs.10,000.
No. Transaction limit Amount (in Rs)
1 Annual top up limit Rs.1 lakh
2 Per month spend limit Rs.10,000
3` Per month load limit Rs.10,000

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FAQs of Amazon Pay

  1. Can those without an Amazon account still use Amazon Pay?

    Ans: Customers will not be able to use Amazon Pay unless they register themselves with Amazon. It is a prerequisite to have an Amazon account first in order to use this payment method.

  2. Can Amex cards be used to make payments?

    Ans: No.

  3. How can a user change Amazon account details?

    Ans: All information relating to passwords, address, payment information, etc can be edited by going to the ‘My Account’ section.

  4. Can Amazon Pay balance be used to make payments through this service?

    Ans: Yes, Amazon Pay will accept all payments made through this method.

  5. How can a user make payments using Amazon Pay on other websites?

    Ans: Just key in the Amazon account information such as email address and password and proceed to make the payment just like how it is made in Amazon.

  6. How to use the ‘Money’ feature?

    Ans: This feature allows customers to make payments after adding funds through ‘Money’.

  7. What are the payment methods that can be used for Amazon Pay?

    Ans: Payments can be made through debit and credit cards and all other methods that are available through Amazon.

  8. Does Amazon pay provide cash-on-delivery services?

    Ans: This feature is not yet available on Amazon Pay.

  9. Is there any service fee levied for using Amazon Pay?

    Ans: No. The service can be used free of cost as of now. However, some vendors or merchants will charge a certain fee.

  10. Is the service available on mobile browsers?

    Ans: Yes. This can be used on both iOS and Android platforms.

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News About Amazon Pay

  • Cashless Pay Mela by Amazon Pay

    In an effort to encourage more and more digital transactions Amazon Pay has introduced a 21-day ‘Go Cashless Mela’. With this, all customers using the platform will be eligible to get a number of exclusive offers on all offerings.

    Apart from this, those making purchases will also get a number of attractive cashbacks. For adding Rs.1000 to the Amazon Pay balance, a user will be eligible for a Rs.100 cashback. For BHIM UPI, a 10% cashback can be availed, and an additional cashback can also be received for using Visa cards.

    21 June 2018

  • Attractive Cashbacks on Amazon Pay

    Amazon has been offering a number of attractive cashbacks and offers to customers using Amazon Pay in the recent months.

    On the occasion of the 5th anniversary of its launch, the online platform gave cashbacks of up to Rs.250 to users. This was for customers who made purchases worth Rs.1,000 on the platform.

    Amazon has witnessed a growth of 126% in terms of the transactions. As far as the number of unique users are concerned the percentage stood at a good 68%, according to reports obtained.

    It has also come to light that digital payments have become popular in the country and more than 60% of all transactions are digital. In fact, prepaid recharging is one of the most-used feature that is attracting customers day-in and day-out.

    As of of, Amazon has made investments worth Rs.700 crore in the digital ecosystem in country since the year 2016. The popular e-commerce platforms aims to expand operation on the ‘payments and financial technology’ aspect of things in the coming days

    11 June 2018

  • Amazon India to Push Investment in Digital Payment Business

    In a bid to compete with Flipkart’s Phone Pe, Amazon India will invest heavily in Amazon Pay, its digital payments arm. The company is looking forward to introduce more in local innovations for Indian customers over the coming months. The newly appointed Amazon Pay India’s head, Mahendra Nerurkar stated the above in an interview.

    Amazon Pay’s latest move comes at a time when the Reserve Bank of India (RBI) has rolled out stringent KYC guidelines. This has resulted in a slowdown of users for digital payments. Post demonetization in November 2016, Amazon Pay has witnessed a huge jump in the volume of transactions. Nerurkar stated that digital transactions have increased to 60% a year, up from 40% post demonetization

    In a period of 12 months, Amazon Pay has seen an investment of Rs.67 crore in May and Rs.130 crore in July. With an aim to increase digital transactions, Amazon launched its Pay Balance service in India in late 2016. Amazon Pay received the licence from RBI to operate a prepaid payment instrument (PPI) in April 2017. Last year, the Amazon Pay balance soared by 409% year-on-year YoY in 2017.

    28 March 2018

  • Now, Shop on Amazon, Pay Through UPI

    Those who love online shopping can now simplify their payment method on Amazon by using UPI.

    Amazon will now allow users to pay via UPI for purchases of up to Rs.10,000. Those who have a registered UPI address and PIN can use the service without any hassle. This is how you can make a payment: First, log on to the Amazon mobile app and choose the product you want to buy. Reach the check out window and choose UPI as a payment method. Then proceed to key in the UPI ID, which is nothing but a the Virtual Payment Address (VPA). Then go on to verify details, which will take you to the UPI-linked mobile application. To complete the transaction successfully, fill in all details within a time frame of 10 minutes and key in the respective UPI PIN.

    23 February 2018

  • UPI Payment Option Now Available on Amazon

    All those who use Amazon will now be able to make payments through UPI. So, the next time you make a purchase, keep this in mind.

    This payment option can be seen during the check-out process when the customer makes a payment. Payment can be made through this method for all purchases that are less than Rs.10,000. Also, this feature will only be available if the purchase is made through the Amazon app.

    22 February 2018

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