Amazon shutting down little-used person-to-person payment service

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Amazon shutting down little-used person-to-person payment service

On October 13th, you'll have one less option for sending cash to individuals online. Amazon's WebPay, a feature of the company's broader Payments platform, will be shuttered. According to a FAQ posted on its site, the service is being closed down because it's "not addressing a customer pain point particularly better than anyone else." Users have until the 13th to initiate any transactions, then there will be a 30-day grace period in which customers can claim their funds before WebPay disappears completely. Axing the unpopular service will allow Amazon to use its resources elsewhere -- perhaps by turning Payments into a more full-fledged mobile wallet service à la Google Wallet or Apple Pay. Of course, there are no shortage of options out there if you want to send money to friends and family electronically. Apparently there's a company called PayPal, or something, that's been doing it for a long time.

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