Amazon FPS vs PaySimple: What are the differences?
What is Amazon FPS? Charge Amazon’s tens of millions of customers using their Amazon account. With Amazon Flexible Payments Service developers can accept payments on their website for selling goods or services, raise donations, execute recurring payments, and send payments. Amazon customers can pay using the same login credentials, shipping address and payment information they already have on file with Amazon. Amazon FPS supports the processing of payments using credit cards, bank accounts and Amazon Payments account balances to send or receive money.
What is PaySimple? Cloud-based receivables automation service that is created specifically for small businesses. It delivers a suite of cloud-based software to help you accept payments, bill customers, monitor customer details, and set up recurring payment systems.
Amazon FPS and PaySimple can be primarily classified as "Payment Services" tools.
Some of the features offered by Amazon FPS are:
- Accept one time payments on your website for selling physical goods, digital content, and services
- Execute periodic or delayed payment features required by subscription and usage-based services such as digital music and online storage
- Facilitate transactions between a buyer and a third party seller, take a cut of the transaction, and have control over who pays the transaction processing fees
On the other hand, PaySimple provides the following key features:
- Payment acceptance (all major credit card & eCheck/ACH)
- Electronic invoicing
- Recurring billing