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Amazon Payments, one of the third party credit card processing companies used by Amazon, has confirmed to Business Insider that “they are no longer required to work with small merchants because of increased regulation.”
There have been many reports that Amazon Payments and their subsidiary Braintree are killing off small, mom-and-pop merchants and forcing them to move to new systems.
The latest blow:
“We’re here to tell you that Amazon Payments has discontinued working with most small business merchants due to the regulations the company is now facing,” an Amazon Payments spokeswoman tells Business Insider. “It’s a great business for us, and we’d like to continue supporting you, but our merchant volume is currently not large enough for us to justify continuing.” “We’re always working to build out our merchant program, but it’s unfortunate that we can no longer work with all of you,” says an Amazon Payments spokesperson.”
To hear it from them, it is a great business, but apparently small business merchants can’t keep up with the changing regulations.
Perhaps they should have focused on creating a better service for small business customers instead of trying to expand into the
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Cisco Sales Certification helps users develop advanced skills and knowledge in the field of sales by helping them prepare for the Cisco Sales Expert certification exam. This program contains all the materials and tools needed to successfully pass the test with the required score. These materials and tools are divided into various practice modules that allow you to learn and improve your skills from the very basics to advanced topics.
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