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  5. Amazon FPS vs TransferWise

Amazon FPS vs TransferWise

OverviewComparisonAlternatives

Overview

Amazon FPS
Amazon FPS
Stacks21
Followers29
Votes8
TransferWise
TransferWise
Stacks20
Followers40
Votes9

Amazon FPS vs TransferWise: What are the differences?

Developers describe Amazon FPS as "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. On the other hand, TransferWise is detailed as "An online account that lets you send money, get paid, and spend money internationally". It bypasses pricey international payments entirely by using two local transfers instead of one international transaction. If you want to convert your pounds to euros, you send the money in pounds to its UK-based account.

Amazon FPS and TransferWise 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, TransferWise provides the following key features:

  • Invite friends to TransferWise
  • Send us verification documents
  • Set up Amount Lock transfers on available currency routes

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Detailed Comparison

Amazon FPS
Amazon FPS
TransferWise
TransferWise

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.

It bypasses pricey international payments entirely by using two local transfers instead of one international transaction. If you want to convert your pounds to euros, you send the money in pounds to its UK-based account.

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;Aggregate multiple payments, including micropayments, into a single, larger transaction and charge the customer before or after the service is provided;Programmatically access account activity
Invite friends to TransferWise; Send us verification documents; Set up Amount Lock transfers on available currency routes; Set up new transfers with previously used details and recipients; Pay via Apple Pay (iOS) and Google Pay (Android); Set up app-based 2-step login.
Statistics
Stacks
21
Stacks
20
Followers
29
Followers
40
Votes
8
Votes
9
Pros & Cons
Pros
  • 2
    Backed by Amazon
  • 2
    Accept one time payments
  • 2
    Periodic or delayed payments
  • 2
    Aggregate multiple payments
Pros
  • 4
    Best exchange rates
  • 3
    Fast
  • 2
    API Support
Integrations
No integrations available
Zapier
Zapier
Talkable
Talkable
Solidus
Solidus
Shopify
Shopify
Chargebee
Chargebee
Elevio
Elevio
Pendo
Pendo

What are some alternatives to Amazon FPS, TransferWise?

Stripe

Stripe

Stripe makes it easy for developers to accept credit cards on the web.

PayPal

PayPal

PayPal is an online payments and money transfer service that allows you to send money via email, phone, text message or Skype. They offer products to both individuals and businesses alike, including online vendors, auction sites and corporate users. PayPal connects effortlessly to bank accounts and credit cards. PayPal Mobile is one of PayPal’s newest products. It allows you to send payments by text message or by using PayPal’s mobile browser.

Braintree

Braintree

Braintree replaces traditional payment gateways and merchant accounts. From one touch payments, to mobile SDKs and international sales, we provide everything you need to start accepting payments today.

Recurly

Recurly

Recurly is the leading pay-as-you-go recurring billing service because setup is easy, integrations are quick, and our service grows with the needs of your business.

Adyen

Adyen

A payments technology company that provides a single global platform to accept payments anywhere in the world. Businesses can process payments across online, mobile and in-store (POS) with over 250 payment methods and 187 currencies.

Payoneer

Payoneer

It is a financial services company that provides online money transfer and digital payment services and working capital solutions

Zuora

Zuora

Zuora gives you the enterprise-class, cloud-based tools you need to launch and scale any subscription service, quickly and affordably. Design your pricing and packaging, start taking quotes and placing orders, automate your billing and payments, and keep tabs on your financials.

Razorpay

Razorpay

Razorpay is the only payments solution in India that allows businesses to accept, process and disburse payments with its product suite. It gives you access to all payment modes including credit card, debit card, netbanking, UPI and more.

WePay

WePay

WePay helps people sell tickets to events, send invoices, sell items online, and accept donations online. WePay also provides an API that allows developers to access its payments platform.

2checkout

2checkout

Accept payments online, anytime, anywhere. 2Checkout.com is an online payment processing service that helps you accept credit cards, PayPal, and debit cards.

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