You Can Now Use Venmo to Pay at Amazon (But You Don’t Have to)

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Amazon Prime logo on Amazon box.

New payment methods are never a bad thing — but some are worse options than others.

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Venmo It is one of the most popular ways to send money electronically. It’s useful for things like paying your landlord rent or making up your friend for dinner.

In recent years, Venmo has expanded its usability for merchants, too. The latest addition is Amazon. Venmo is an official option when you check out your Amazon cart.

It’s nice to see more flexibility in Amazon’s payment options, but it’s not always a good idea. For example, Amazon lets you Pay for your cart with credit card points -But the value you will receive is too weak to make it a good choice for most people.

Chase Amazon Prime Rewards Visa Signature Card

Amazon Prime Rewards Visa Signature Card

Introductory view

$200 Amazon Gift Card upon approval

rewards

Earn 5% back on Amazon and Whole Foods purchases with eligible Prime membership. Earn 2% at restaurants, gas stations and pharmacies. Earn 1% back on all other purchases. Get 10% back or more on a rotating selection of Amazon products and categories.

Chase Amazon Prime Rewards Visa Signature Card

Amazon Prime Rewards Visa Signature Card

Introductory view

$200 Amazon Gift Card upon approval

rewards

Earn 5% back on Amazon and Whole Foods purchases with eligible Prime membership. Earn 2% at restaurants, gas stations and pharmacies. Earn 1% back on all other purchases. Get 10% back or more on a rotating selection of Amazon products and categories.

rewards

Earn 5% back on Amazon and Whole Foods purchases with eligible Prime membership. Earn 2% at restaurants, gas stations and pharmacies. Earn 1% back on all other purchases. Get 10% back or more on a rotating selection of Amazon products and categories.

Introductory view

$200 Amazon Gift Card upon approval

Ordinary Annual Percentage Rate (APR)

17.24% – 25.24% variable

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Likewise, under (almost) no circumstances should you use Venmo to pay with Amazon. Here’s why.

Here we focus on the rewards and perks that come with each card. These cards will not be worth it if you are paying interest or late fees. When using a credit card, it’s important to pay your balance in full each month, make payments on time, and only spend what you can afford.

Why you should give up Venmo for Amazon purchases

I can only see one real reason to use Venmo on Amazon: You don’t have a credit card. You pay either with a file current account or debit card, and you want to add a layer of encryption to your purchase. With Venmo as an intermediary, Amazon will not receive any of your account information such as debit card or account number verification.

Regardless, paying for Amazon through Venmo isn’t necessarily a good idea. Here’s why: When you pay with your Venmo balance or a checking account, you won’t earn rewards for your purchases. You probably won’t earn rewards with your debit card either — and even if you do, it’ll be the same rewards you paid directly with Amazon.

If possible, you should always use a Rewards credit card for Amazon purchases. Combined with the fact that paying with a credit card is generally safer than paying with a debit card or checking account, you’ll be sure to earn something for your spending. Here are the best credit cards for Amazon purchases:

Even at a low level Cashback credit card It can earn you a respectable return. For example, file $0 Annual Fee The Citi® Double Cash Card gets 1% back when you make a purchase and 1% back when you pay off that purchase. That’s effectively 2% all around. You’d be surprised how quickly this can add up – especially if you used to use a bank account or debit card for your purchases.

Instead of using your Venmo credit to make Amazon purchases, you’d be better off transferring that money to your bank account, using a rewards credit card for your Amazon cart, and then effectively using the Venmo credit to pay your credit card bill.

the one possible A development that might make Venmo a worthwhile option in Amazon checkout relates to Venmo debit card. This card earns you cash back at select frequent merchants (called Venmo Deals). We’ve seen offers of up to 6%. If Amazon does ever emerge as a Venmo offering (far from certain), Venmo will become a viable option for Venmo debit card holders — but then again, you’ll still earn the same as if you paid directly from Amazon.

How to verify with Venmo on Amazon

Adding and using your Venmo account as a payment option on Amazon is very simple:

  1. When paying, click “Select payment method”
  2. Click on “Add Venmo Account”
  3. Follow the prompts to allow Amazon to ship Venmo for future purchases

You can then select Venmo as a one-time purchase or as the default payment method for subsequent Amazon purchases. You can pay with either your existing Venmo balance, your attached bank account, or a debit card. To be clear, you can’t pay for Amazon purchases with a credit card through Venmo.

Amazon already allows you to pay with a debit card and checking account — so the only real plus here is the ability to pay for your cart with your Venmo balance (money you’ve received from others).

minimum

Venmo and Amazon have partnered to allow users to pay for online shopping with Venmo credit, a bank account, or a debit card through Venmo.

More payment options are never a bad thing — but using Venmo with Amazon isn’t the wisest option for maximizing your spending. Instead of making checkout purchases that won’t yield any return, pay Amazon directly with a rewards credit card instead.

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