Amazon is set to stop taking payments via PayPal-owned Venmo in the coming weeks.
“Due to recent changes, Venmo can no longer be added as a payment method,” Venmo said on its website Thursday (Dec. 7). “Venmo will remain available to users who currently have it enabled in their Amazon wallet until 01/10/24.”
A spokesperson for Amazon confirmed the change in an email to PYMNTS Thursday.
“Customers can still use nearly a dozen other payment options, such as debit cards, credit cards, checking accounts, or installments to pay for their orders,” the statement said.
“Venmo and Amazon have agreed to disable Venmo as an option to pay on Amazon at this time,” a PayPal spokesperson said in a statement provided to PYMNTS. “Customers can continue to add their Venmo debit card or credit card to their Amazon wallet to pay on Amazon. We have a strong relationship with Amazon and look forward to continuing to build on it.”
Both companies declined to comment on why the partnership ended. Amazon and Venmo first teamed up last fall, saying their collaboration gave Venmo’s nearly 90 million active customers in the U.S. a new way to quickly make purchases on Amazon.