Amazon.com Inc. launched hosted e-commerce payment services for merchants that want to use a third party solution for their online transaction processing tasks.

These services namely, Checkout By Amazon and Amazon Simple Pay, are the latest services for businesses introduced by Amazon, which is best known for its massive online retailing operation.

The products is going to compete with other established online payment services, which includes providers such as eBay PayPal and Google Checkout.

Amazon have described Checkout By Amazon as a “complete checkout solution” equivalent to the one that the company provides at its own online store.

Popularity: 2%