Except this is on your web-site and you would be making your customer Amazon's customer.
There is a deep conflict in this solution, and no doubt some people will jump for it not deliberating on what it could mean for them.
For me this represents a shift away from payment processing (Stripe, or even PayPal), and towards ownership of the set of master records that power an online commerce business. There is a fine but clear line between helping to process a payment and taking over the ownership of the customer. This is your customer, not Amazon's, and the master record should be in your hand and leveraged by you, not Amazon. I would be very hesitant to walk this path.
Yeah, because without using amazon for payments you'd be completely safe with competing with amazon on a product by product basis on cost...
However if you're providing novel solutions that aren't low cost solutions, and are innovative "disrupting" "gamechanging" "social" products, why do you care that amazon is your payments provider, or for that matter, anyone. Other than what they actually provide and their service that is.
Why would you voluntarily give Amazon all of your sales data? They'll aggregate it, mine it, then use it to optimize their store / pricing / products. At least with PayPal, I know they won't be using my sales data against me.
You didn't read what I said. If you're selling cheaper socks, you're going to lose to amazon and walmart. If you sell new innovative products, you aren't going to lose to them.
Also, with paypal, they get your sales data, sell it to others, AND then just keep your money and close your account.
Except this is on your web-site and you would be making your customer Amazon's customer.
There is a deep conflict in this solution, and no doubt some people will jump for it not deliberating on what it could mean for them.
For me this represents a shift away from payment processing (Stripe, or even PayPal), and towards ownership of the set of master records that power an online commerce business. There is a fine but clear line between helping to process a payment and taking over the ownership of the customer. This is your customer, not Amazon's, and the master record should be in your hand and leveraged by you, not Amazon. I would be very hesitant to walk this path.