Amazon is reportedly going to enter the brick-and-mortar business by providing mobile checkout solution and competing with Square and PayPal.
The system will allegedly include supplying retailers with Kindle tablets and credit card readers.
Amazon will allegedly focus on small and mid-size retailers at first due to the complications of larger checkout systems already used at big-box stores.
As part of Amazon’s pitch, the online retailer might thrown in other services, too, such as website development and data analysis, sources said. When you have Amazon, a company that has an enormous reputation and immense brand recognition, approaching you about new ventures, it could be difficult for small business to say no. And because Amazon has credit-card information for about 230 million users, the company could create a mobile wallet solution to help speed up the payment process. Think of it as a one-click method, but in physical retail locations.
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