Currently, Amazon does not accept Venmo as a payment option for purchases. However, Paypal did announce that the company has partnered with Amazon to allow U.S. shoppers to pay with Venmo starting from 2022. Alternatively, you can use the Venmo Card to make a purchase on Amazon like a debit card.
Ever wonder if Amazon accepts Venmo payments? Continue reading to find out whether you can use your Venmo balance to buy stuff on Amazon.
Amazon is the largest e-commerce platform in the world, offering millions of products that range from everyday consumables all the way to furniture items and electronics.
And if you’re a regular Venmo user, you’d probably appreciate it if you could use your Venmo balance to buy the things you want on Amazon.
But does Amazon take Venmo? That’s exactly what we’re going to discuss in this article.
So, keep reading.
Related read: How to Buy Amazon Gift Card with Venmo?
- Does Amazon Accept Venmo as a Payment Option?
- How Will Venmo on Amazon Work?
- Are There Fees for Using Venmo on Amazon?
- Will Venmo Be Supported on Amazon Worldwide?
- How Will the Amazon-Venmo Partnership Affect the Ecosystem?
- What Retailers Currently Accept Venmo Payments?
- Will Amazon Accept Crypto Venmo Payments?
- Are There Any Advantages to Using Venmo for Amazon Purchases?
- Bottom Line
Does Amazon Accept Venmo as a Payment Option?
As of right now, no. You can’t use Venmo to pay on Amazon. However, Amazon just announced that Venmo will be available as a payment option at checkout in 2022, making Venmo the first third-party payment platform that the e-commerce giant has partnered with.
The two platforms will be compatible and come in effect from 2022, although an exact date has not yet been revealed from any side.
In the meantime, you can use your Venmo card to make a purchase on Amazon, all you have to do is link your bank, debit, or credit card account to your Venmo.
Do note that there is a however a 3% fee for sending money using a linked credit card.
How Will Venmo on Amazon Work?
There aren’t many details yet about how users will use Venmo and the exact date this option will be available.
All we know so far is that Venmo will be added as a payment option at checkout sometime in 2022, which actually came as a surprise since you can’t even use Paypal, Venmo’s parent company, to pay for Amazon orders.
Users will have the option to use Venmo on both Amazon’s desktop platform and mobile app. Additionally, they can pay using their existing Venmo balance or the linked bank account.
However, it’s not yet known whether users will be able to use Venmo’s wallet as a standalone payment method or by integrating it with Amazon’s wallet service.
There’s a possibility that Amazon might require users to link their Venmo account to their Amazon wallet. In other words, you might only have the option of using your Venmo wallet to load up your Amazon wallet with cash and nothing else.
Are There Fees for Using Venmo on Amazon?
There’s no official statement on whether using Venmo on Amazon will be associated with additional fees. However, it’s quite unlikely that either Amazon or Venmo will charge you extra fees. According to Amazon, it’s important that the user has as much flexibility as possible when paying at checkout.
As of now, Amazon only accepts credit/debit cards and gift cards as payment options, so they want to expand on them and make it easier for their customers to make purchases. And adding charges to the service will likely discourage users from using it, which defeats the whole purpose.
Will Venmo Be Supported on Amazon Worldwide?
According to Amazon and Venmo, the Venmo payment option will be exclusive to United States users, at least when first launched. So, it’s not yet known if/when they’ll add Venmo support for more countries, but it’ll probably happen sooner or later.
Suppose you prefer credit cards over digital wallets, or you don’t want to wait until the Venmo payment option becomes available on Amazon. In that case, we highly recommend that you apply for Venmo’s credit card and start using it for Amazon purchases right now.
The Venmo credit card will be treated just like any other bank-issued card on Amazon. So, if you want to use it, just choose the “credit/debit card” option when checking out on Amazon.
However, since there are certain requirements to apply and get accepted for the Venmo credit card, it’s good news that Amazon will start officially supporting Venmo in 2022.
How Will the Amazon-Venmo Partnership Affect the Ecosystem?
Because of the pandemic, more and more users are relying on e-commerce platforms like Amazon for shopping. And with the addition of Venmo as a payment option, more users will be encouraged to buy things online. The move also paves the way for more people signing up for Venmo and going cashless.
What Retailers Currently Accept Venmo Payments?
While we’re yet to see Amazon launch its Venmo payment service, many retailers already accept Venmo as a method of payment. Some of these include:
- Foot Locker
- Uber Eats
- Forever 21
- Abercrombie & Fitch
Will Amazon Accept Crypto Venmo Payments?
While Venmo supports cryptocurrencies like Bitcoin, you won’t be able to use your crypto money to buy things on Amazon via Venmo. Your wallet or linked bank account must be charged with U.S dollars for your transactions to go through.
Are There Any Advantages to Using Venmo for Amazon Purchases?
Technically, no; there aren’t any extra advantages for users when paying with Venmo instead of a credit card. However, it’ll be useful for those who heavily rely on Venmo for their financial transactions.
And there are other scenarios where this option would be handy. For example, you can ask friends or family members to lend you money over Venmo to buy things on Amazon. The transaction will go through much faster than a bank transfer, for sure.
That was a brief overview of whether Amazon takes Venmo as a payment option. The service isn’t available right now, but it’s scheduled to be launched soon. So sometime in 2022, you’ll be able to use Venmo to buy things on Amazon.
Hopefully, the exact launch date will be announced soon because we’re pretty sure you’re just as excited as we are!
And if you’re a loyal Venmo user who can’t wait for the launch, we highly recommend getting a Venmo credit card and using it to pay for your Amazon purchases.