E-commerce giant Amazon recently announced that it will no longer accept Venmo as a payment method on its platform, effective January 10, 2024. This change means Amazon customers will need to switch to other payment options like credit cards, debit cards, or checking accounts when making purchases.
Notably, while standalone Venmo payments will be banned, the Venmo debit card and Venmo credit card will still be permitted on Amazon after the integrated payment ban goes into effect. So customers with those specific Venmo-affiliated cards will be unaffected.
The payment policy shift applies to all purchases made on Amazon's online marketplace Amazon.com. This includes everyday shopping as well as Prime membership fees and other subscription charges processed through the retail website.
Amazon stated that the change could impact some customers' subscriptions if they have Venmo set as their default payment method. The company advised members to proactively update their payment details on their "Your Memberships and Subscriptions" page to avoid any disruptions.
The tech firm hasn't explained their decision but stressed that there are still numerous ways to pay on its platform. Alternatives include major credit and debit cards, Amazon gift cards, and linking checking accounts.