Venmo has emerged as a widely used mobile payment application, enabling users to transfer funds and obtain payments from acquaintances through a protected platform connected to their bank accounts, debit cards, or credit cards.
Given Venmo’s growing prominence, you might be curious if Amazon accepts Venmo as a payment method. This question crossed my mind as well, prompting me to investigate the relationship between Venmo and Amazon. Here’s everything I discovered on the subject.
Does Amazon Accept Venmo In 2023?
Regrettably, Amazon does not support direct transactions via Venmo or its parent company, PayPal, primarily because of PayPal’s strong ties with eBay, a company that Amazon perceives as a direct rival. Nevertheless, you can utilize a Venmo Mastercard debit card for your Amazon purchases, similar to how you would with other prominent credit and debit cards.
To learn more about the various Venmo alternatives available on Amazon and other platforms, as well as how to use a Venmo card and the different payment methods accepted by Amazon, continue reading our comprehensive guide!
Why Doesn’t Amazon Take Venmo?
Venmo has garnered immense popularity as a means to transfer funds between friends and family, with over 70 million users enjoying the security of this digital payment platform.
While Venmo is well-liked among individual users, it poses challenges for businesses due to the lack of tax documentation.
Venmo was primarily designed for personal transactions, so while some small enterprises may utilize it, they must separately monitor incoming and outgoing payments.
Another factor contributing to Amazon’s reluctance to accept Venmo is its ownership by PayPal, with which Amazon does not collaborate for payment processing.
PayPal was previously an eBay subsidiary and maintains a close association with the e-commerce giant, which has persistently competed with Amazon.
Despite Amazon’s dominance over eBay and its 30x greater revenue in 2020, the historical rivalry lingers, leading Amazon to steer clear of PayPal or Venmo.
Moreover, Amazon has millions of contented customers using all major credit and debit cards, so the company hasn’t felt compelled to incorporate Venmo as an additional payment option.
Can You Use A Venmo Card On Amazon?
Although Venmo cannot be used directly on Amazon, a Venmo Mastercard serves as a viable alternative.
Unlike in-app payments, the Venmo Mastercard is a physical card accepted at all establishments that accept Mastercard.
Fortunately, Amazon accepts Venmo Mastercards along with other branded Mastercards for debit or credit transactions.
To obtain a Venmo debit card, sign up directly within the app, transfer funds, and then use this Mastercard on Amazon or any other preferred stores.
To add a Venmo Mastercard to your saved payment options on Amazon, simply input the card number, expiration date, security code, and the cardholder’s name.
Once your Venmo Mastercard is stored in your Amazon wallet, choose this card at checkout to finalize your purchase.
How Can You Pay On Amazon?
While direct Venmo payments are not available on Amazon, there are numerous other payment methods to choose from. Amazon accepts all major credit and debit cards, including Visa, Mastercard, Discover, and American Express.
Additionally, you can use a Diner’s Club card with a U.S. billing address, or a JCB, NYCE, STAR, or China UnionPay credit card for your Amazon purchases.
Prepaid credit or gift cards from Visa, Mastercard, or American Express are also accepted on Amazon, along with Amazon-branded cards.
For SNAP EBT, FSA, or HSA eligible items, these payment options can also be used on Amazon.
What Stores Take Venmo?
Venmo offers a convenient way to transfer funds between friends and family, requiring only a U.S. bank account or a credit/debit card to facilitate payments.
Although Venmo is designed primarily for personal transactions, some businesses also accept it. If you’re interested in using Venmo for shopping, you can explore the following stores:
- Abercrombie & Fitch
- CVS
- Forever 21
- Foot Locker
- Hollister
- com
- Crew
- Lululemon
- Poshmark
- Urban Outfitters
Additionally, food delivery services such as Grubhub, Seamless, and Uber Eats accept Venmo payments. You can also use Venmo for purchases on Boxed and Hulu.
Also Read: Amazon Background Check Policy [Important Guide]
Conclusion
Amazon stands as the largest online shopping platform, while Venmo has become a top choice for mobile payments among friends and family. Despite their widespread popularity, Amazon does not accept Venmo as a payment method.
There are several reasons for Amazon’s decision not to accept Venmo, with the primary reason being that the digital payment platform lacks provisions for business taxes. Furthermore, Venmo’s ownership by PayPal, which has strong ties to eBay (a competitor), also contributes to Amazon’s avoidance of the payment method.
For those who enjoy using both Venmo and shopping on Amazon, a Venmo Mastercard offers a middle ground.
This debit card is accepted on Amazon alongside other Mastercard options, or you can use Venmo direct payments at retailers like CVS, Forever 21, Urban Outfitters, or for services like Uber Eats.
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