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Amazon Kills Free P2P Money-Transfer Service

Amazon Kills Free P2P Money-Transfer Service
Post Fiji Limited Head of Finance Raiyaz Ahmed after being awarded his Master’s Degree of Commerce in Professional Accounting.
September 13
09:58 2014

Amazon WebPay, a free online money-transfer service, is shutting down October 13, 2014. This means you’ll no longer be able to send, receive, or request money using just your email address and the Amazon Payments webpage.

There were hints back in June that the service would be going away soon. Amazon sent out an email this week to active Amazon Payments account users notifying them it is pulling the switch.

The company also said it had updated its user agreement to note “the elimination of person-to-person payments.” Users thus have more than a four weeks to read the new terms and switch to a different service.

The “Send Money” option will simply no longer appear after Amazon Payments customers log into their account next month.

Transactions initiated prior to October 13 will not be affected, and recipients will also have 30 days to claim funds before the transaction is cancelled and funds are returned to the sender.

 

 

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