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Amazon FPS vs TrapFi: What are the differences?
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; TrapFi: Instant payouts for freelance developers. Complete freelance work and get paid instantly.
Amazon FPS and TrapFi belong to "Payment Services" category of the tech stack.
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, TrapFi provides the following key features:
- Instant Payouts
- Automated Invoicing
- Automated Tax Documentation
Pros of Amazon FPS
- Backed by Amazon2
- Aggregate multiple payments2
- Accept one time payments2
- Periodic or delayed payments2