Amazon Credit Card Synchrony is an application for the Amazon Web Services marketplace that allows merchants to accept payment cards from multiple vendors. With the integration of PayPal and other gateways, consumers can pay online with just a swipe or click of the mouse. The service provides merchants with a single platform to accept payment cards and has enabled them to increase revenues while cutting costs. Synchrony integrates with web gateways to allow merchants to process credit cards, debit cards and e-checks quickly and securely.
The application works as a virtual terminal that processes credit card transactions. It contains a web-based interface that connects a merchant account and payment terminals. The service connects to a database of payment terminals that has information on thousands of participating merchants and enables merchants to accept cards from hundreds of locations instantly. Merchant Accounts can be integrated with online shopping carts and the Amazon portal for secure and safe online purchases.
Merchants need only a web browser and a compatible web server to process payments. Once approved, the application charges a small transaction fee for processing any credit or debit card. The transaction fee is calculated based on the amount of money being spent during the previous month and is automatically deducted from the monthly balance. No additional transaction fees apply when a customer pays by check or cash.
Merchants can list items for sale on the Amazon Credit Card Synchrony site with a click of the mouse. Items are listed according to category and price. A “buy now” button is displayed so that customers can place their orders without clicking through a series of menus. To make a purchase, a customer clicks on the “order now” button and a list of available items is displayed. A reminder call is made to the customer's telephone number before the order is processed.
Customers can browse through a virtual catalog of products at their leisure while waiting for the items to be purchased. Payment options include a major credit card, electronic check, and virtual money transfer via PayPal or e-check. Payments are securely held on secure premises and transfers are processed instantly. Amazon Credit Card Synchrony services are available for free to customers who meet certain criteria.
A growing number of merchants are taking advantage of the convenience of the Internet to . . . . . . increase sales. Amazon Credit Card Synchrony makes online cataloguing easy. It can save merchants time and money. And it allows more customers to shop online. The popularity of the Amazon Credit Card Synchrony service continues to grow.