Why Amazon.com Could Be This Year’s Most Important Startup
“[Amazon.com’s new payment processing API] is everything that Paypal isn’t: well designed, API-centric, and built with developers in mind.”
The platform even accepts payments as small as $.01 (a.k.a. micropayments), which have yet to be “done right.”
It appears that Amazon is trying to become the next “platform” for developers. Add payment processing to their storage, queuing, search, mechanical turk, elastic compute cloud, and e-commerce services.
Amazon also has a $100,000 Start-up and Entrepreneur Challenge. Submit an idea (you don’t even have to build it), and they will choose the top 5 finalists. After that the Amazon community will vote on the best idea; prizes include $50,000 in cash, $50,000 in AWS usage credit, and an investment offer from Amazon. Not sure how excited I would be about those last two.
[tags]amazon, startup challenge, aws, flexible payment services[/tags]