You Can Now Use Venmo to Pay at Amazon (but You Shouldn’t)

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The Amazon Prime logo on the Amazon box.

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

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

In recent years, Venmo has expanded its usability for merchants as well. The most recent addition is Amazon; Venmo is officially an option when paying for your Amazon cart.

It’s nice to see more flexibility in Amazon payment options, but they’re not always a good idea. For example, Amazon lets you pay for your shopping cart with credit card points, but the value you’ll get is too poor to make it a good option for most people.

The Chase Amazon Prime Rewards Visa Signature Card

Amazon Prime Rewards Visa Signature Card

Introductory offer

$200 Amazon gift card immediately upon approval

Rewards:

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

The Chase Amazon Prime Rewards Visa Signature Card

Amazon Prime Rewards Visa Signature Card

Introductory offer

$200 Amazon gift card immediately upon approval

Rewards:

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

Rewards:

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

Introductory offer

$200 Amazon gift card immediately upon approval

Annual Percentage Rate (APR)

17.24% – 25.24% Variable

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Likewise, you should (almost) never use Venmo to pay with Amazon. That’s why.

Here we focus on the rewards and bonuses that come with each card. These cards aren’t worth it if you’re 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 should you ditch 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 by either check or debit card and want to add a layer of encryption to your purchases. By using Venmo as an intermediary, Amazon will not receive any of your account information, such as your debit card or account number.

Also, paying for Amazon with Venmo isn’t necessarily a good idea. That’s why. When you pay with your Venmo balance or checking account, you won’t earn rewards on your purchase. You probably won’t earn rewards with your debit card either, and even if you do, it will be the same rewards as if you paid directly with Amazon.

You should always use a rewards credit card for Amazon purchases whenever possible. Besides the fact that paying with a credit card is generally much safer than paying with a debit card or checking account, you’ll definitely get something for your spending. Here are the best Amazon shopping credit cards:

Even a low cash-out credit card can earn you a respectable income. For example, the $0 annual fee Citi® Double Cash Card earns 1% back when you make a purchase and 1% back when you pay for that purchase. That’s effectively 2% everywhere. You’d be surprised how quickly that can add up, especially if you’re in the habit of using a bank account or debit card for your purchases.

Instead of using your Venmo balance to make purchases on Amazon, you’re better off simply transferring that money to your bank account using a rewards credit card for your Amazon cart, then effectively using your Venmo balance to pay your credit card bill.

The only one it’s possible development that could make Venmo a valuable option at Amazon’s checkout involves the Venmo Debit Card. This card earns cash back at select rotating merchants (called Venmo Offers). We’ve seen offers as low as 6%. If at some point Amazon is introduced as a Venmo offering (far from certain), Venmo will become a viable option for Venmo debit card holders, but again, you’ll still earn the same as if you paid Amazon directly. with

How to check out with Venmo on Amazon

Adding and using your Venmo account as a payment option on Amazon is extremely simple.

  1. At checkout, click “Choose a payment method”
  2. Click Add Venmo Account
  3. Follow the instructions to allow Amazon to charge Venmo for future purchases

You can then choose Venmo as a one-time purchase or as the default payment method for future Amazon purchases. You can pay with either your current Venmo balance, your linked bank account, or a debit card. To be clear, you cannot pay for Amazon purchases with a credit card through Venmo.

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

Bottom line

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

More payment options are never a bad thing, but using Venmo with Amazon isn’t the wisest choice to maximize your spending. Instead of shopping with a payment method that won’t give you any cash back, pay Amazon directly with a rewards credit card instead.

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