AMZN - Amazon Just Struck a Deal to Supercharge Its Next $10 Billion Business
2023-09-05 09:30:00 ET
Amazon (NASDAQ: AMZN) just took another step toward becoming a major logistics provider.
Shopify (NYSE: SHOP) merchants will soon have an easy (and approved) way to offer Amazon's "Buy with Prime" to customers at checkout. Buy with Prime launched last year, allowing shoppers on websites outside of Amazon.com to use their Prime membership to receive fast shipping and pay with their Amazon wallet. Shopify previously said merchants that added the service to their website violated its terms of service.
While the terms of the new deal concede valuable payment processing revenue to Shopify, Amazon gains access to Shopify's merchants and customers, expanding its logistics segment.
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Amazon Just Struck a Deal to Supercharge Its Next $10 Billion Business