Amazon to Accept Electronic-Funds Payments for Orders
Ina Steiner reports for AuctionBytes this morning on plans by Amazon.com to enable buyers to pay for their purchases through their bank accounts rather than using credit or debit cards.
Amazon.com will create an electronic funds transfer or bank draft, which will be presented to the buyer's bank or financial institution for payment from their bank account. Bank accounts must be valid automated clearing house ("ACH")-enabled at a U.S.-based financial institution, and transactions must be payable in U.S. dollars.
Stumble It!
Add your comment... (note that all comments are reviewed before they're published)