Readers of SuperChillin, here’s a fun quiz: Name two companies that are more dominant in their respective industries than the two American giants—Amazon and PayPal. Can you? I bet not.
Amazon is the king of online shopping and PayPal leads the world with its incredible payment solution with unparalleled compatibility across countries.
We’ll first explore what these two companies are about and then we’ll dive deep into whether or not you can pay for Amazon Prime with PayPal.
What is PayPal?
PayPal Holdings Inc. is an American company operating a worldwide online payments system that supports online money transfers and serves as an electronic alternative to traditional paper methods like checks and money orders. The company operates as a payment processor for online vendors, auction sites, and many other commercial users, for which it charges a fee in exchange for benefits such as one-click transactions and password memory. PayPal's payment system, also called PayPal, is considered a type of payment rail.
Established in 1998 as Confinity, PayPal had its initial public offering in 2002, and became a wholly owned subsidiary of eBay later that year. eBay spun off PayPal in 2015. The company ranked 222nd on the 2018 Fortune 500 of the largest United States corporations by revenue.
As of 2019, PayPal operates in 202 markets and has 286 million active, registered accounts. PayPal allows customers to send, receive, and hold funds in 25 currencies worldwide.
PayPal's services allow people to make financial transactions online by granting the ability to transfer funds electronically between individuals and businesses. Through PayPal, users can send or receive payments for online auctions on websites like eBay, purchase or sell goods and services, or donate money or receive donations. It is not necessary to have a PayPal account to use the company's services. PayPal account users can set currency conversion option in account settings.
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What is Amazon?
Amazon.com, Inc., is an American multinational technology company based in Seattle, Washington, that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is considered one of the Big Four technology companies along with Google, Apple, and Facebook.
Amazon is known for its disruption of well-established industries through technological innovation and mass scale. It is the world's largest e-commerce marketplace, AI assistant provider, and cloud computing platform as measured by revenue and market capitalization. Amazon is the largest Internet company by revenue in the world. It is the second largest private employer in the United States and one of the world's most valuable companies. Amazon is the second largest technology company by revenue.
Amazon was founded by Jeff Bezos on July 5, 1994, in Bellevue, Washington. The company initially started as an online marketplace for books but later expanded to sell electronics, software, video games, apparel, furniture, food, toys, and jewelry. In 2015, Amazon surpassed Walmart as the most valuable retailer in the United States by market capitalization. In 2017, Amazon acquired Whole Foods Market for $13.4 billion, which vastly increased Amazon's presence as a brick-and-mortar retailer. In 2018, Bezos announced that its two-day delivery service, Amazon Prime, had surpassed 100 million subscribers worldwide
What is Amazon Prime?
Amazon Prime is a paid subscription service offered by Amazon that gives users access to services that would otherwise be unavailable, or cost extra, to the typical Amazon customer. This includes free two-day delivery, Two hour delivery for a fee through Prime Now, streaming music and video, and other benefits. In April 2018, Amazon reported that Prime had more than 100 million subscribers worldwide.
Amazon Prime membership in Australia, Canada, Germany, the United Kingdom, India and the United States also provides Amazon Video, the instant streaming of selected films and TV programs at no additional cost. In November 2011, it was announced that Prime members had access to the Kindle Owners' Lending Library, which allows users to borrow up to one a month of specified popular Kindle e-books. People with an email address at an academic domain such as .edu or .ac.uk, typically students, are eligible for Prime Student privileges, including discounts on Prime membership.
In March 2014, Amazon increased the annual US membership fee for Amazon Prime from $79 to $99. Shortly after this change, Amazon announced Prime Music, providing unlimited, ad-free music streaming. In November 2014, Amazon added Prime Photos, adding unlimited storage of files deemed to be photographs in the users' Amazon Drive. Amazon began offering free same-day delivery to Prime members in 14 United States metropolitan areas in May 2015.
Can you pay for Amazon Prime with PayPal?
Yes. Sort of. To use PayPal as a payment option on Amazon you can use your PayPal Cash Card or your PayPal Business Debit Mastercard.
If you’d like a PayPal debit card and have a personal account you can request a PayPal Cash Card. If you have a business account you can apply for a PayPal Business Debit Mastercard.
Hope this helps, be sure to keep checking SuperChillin for more amazing and informative content.
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