A New Amazon POS System Set To Compete With Shopify and Square?

A newfangled Amazon POS system that they have been working on could be set to disrupt the payment market by competing with the likes of Shopify and Square. This news came from an exclusive hunt by Business Insider which upon issue resulted in the shares for both Shopify, Square, and PayPal dip. The new Amazon POS system is the inspiration of an internal Amazon team called Project Santos which was tasked with going after Shopify ’ s core hearing of small merchants. One of the main projects that we know about at least is a modern Amazon POS which would be a raw type of point-of-sale that could be sold to third-party sellers. The system would be able to handle in-store and on-line transactions, add Amazon check options, and provide inventory and business analytics according to an home Amazon document allegedly reviewed by Insider.

The document besides stated how the fresh Amazon POS would besides link to other Amazon services, such as the Prime membership program, the One palm-based recognition technology, and the Flex pitch network .

“ This will allow our belittled business ( SMB ) customers to unify their on-line and offline channel management including armory, offer Amazon One for contactless recognition and payment, and offer a customizable loyalty program that can utilize Prime benefits, ”

Amazon POS Shows Increasing Interest Of In-Store Retail

A few weeks ago we covered the news of how Amazon was allegedly planning on opening larger physical department store-style locations around the area. not only would an Amazon POS be probably to bring small merchants to the Amazon marketplace but it could besides potentially get them access to physical locations excessively. This means that Amazon ’ s new concentrate on physical stores extends way beyond building an array of brick-and-mortar locations. It is besides looking to sell software used by merchants in other stores to check out customers and analyze data even as Amazon continues to expand its own cashier-less technology. This makes a lot of common sense for Amazon, it is pass that they can not ignore the growing popularity of Shopify. It could besides add a foster argue as to why the Shopify native Amazon integration has been pulled leaving Shopify customers to look for third-party integrations. When besides looking at the state of payment gateways and POS systems for eCommerce businesses it is an sphere that Amazon could decidedly bring a batch of value to and for Amazon sellers, a lot of no-brainer value and public toilet .

The Amazon POS Opportunity

A newly Amazon POS system would put the eCommerce giant in direct competition with payment-processing companies that offer their own POS solutions such as Square, PayPal, Shopify, and a unharmed host of others. The global POS software market was worth $ 9.26 billion in 2020, and is predicted to reach $ 19.56 billion by 2028. More than that however is the motion of just how far will Amazon go to compete directly with Shopify ? A newly POS system is one thing but there is much more to an eCommerce platform than a POS system. This is where a fib we covered back in February comes in which was the very silence Amazon acquisition of an australian caller called Selz.

Read more: The Power of Putting People First

At this time Amazon has declined to comment on any of the speculations as they famously “ Don ’ metric ton gossip on rumors ” however with the measure of information that has been leaked it feels safe to say that Amazon is working on something boastful and potentially disruptive to the diligence. At this time there are no timelines being suggested for any public announcement, however, as always we will keep you up to date on any developments we hear from this narrative.

Dave Furness

Dave is a Co-Founder of eSeller365. For over 10 years he has been involved with eCommerce with a particular sake in the marketplaces and the huge opportunities available for sellers when utilizing a multi-channel strategy. After a year of being the UK ’ s youngest eCommerce adviser, he built an department of education platform called UnderstandingE that showed the world how to utilize Magento as the “ Third Generation of Multi-Channel software ”. Dave has besides created a YouTube channel dedicated to entrepreneurship and eCommerce adenine well as a podcast dedicated to mental health awareness. When Dave international relations and security network ’ thyroxine working his chief interests include learning and playing Chess, researching the Crypto and NFT quad, and trying to find the nearest beach. Subscribe to Our Newsletter
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