After One Year, Amazon Exits Payments Processing Business

Amazon is shuttering its Amazon Register credit card reader service for small and medium-size businesses, which debuted a little more than one year ago. “Aimed at mom-and-pop merchants, the $10 plastic device plugged into a smartphone or tablet and, with an app, processed credit card swipes from customers,” reports The New York Times. Amazon Register was similar to Square and PayPal, but failed to gain traction with merchants. Amazon plans to discontinue the service by February. The news follows Amazon’s announcement that it will also stop offering daily deals through its Local service by the end of 2015.

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