Partnership between PayPal and Amazon: Which stocks are better to buy now 2021-12-12T13:23:12 Amazon Paypal stock Partnership between PayPal and Amazon: Which stocks are better to buy now Partnership between PayPal and Amazon Which stocks are better to buy now: A new Partnership is announced by PayPal, and this time between PayPal and Amazon. This partnership will allow Amazon customers to pay using the Venmo application. PayPal And Amazon both revealed mixed revenues in the third quarter and as a result the stocks dropped. Topics: The New Partnership is available in The US Drop in the value of PayPal stock PAYPAL the technology platforms for digital payments Amazon the e-commerce Leader Huge push for Venmo New Study by Venmo The New Partnership is available in The US The new partnership at first will be available in the US only. But it will be expanded to include 80 million amazon users. Which means millions of people will be able now to buy from amazon directly from Venmo account or their related accounts. Drop in the value of PayPal stock PayPal Signed the partnership with Amazon while PayPal struggles in the markets. With a 4.36% drop in one day. In November the value of PayPal Sock fell, as analysts expressed concern about how a payment provider would be able to handle the growing number of potential bottlenecks like Shopify which is working on launching its own payment platform. PayPal’s stock price is down 13% in the year 2021. PAYPAL the technology platforms for digital payments Its known that PayPal is the leading brand for digital payments but with other companies like Apple Pay and Square acquisition on the digital payment market, there are concerns about how PayPal will be number one. Other payment brands such as Klarna had success with its payment package “Buy Now, Play Later” Amazon the e-commerce Leader Amazon ,on the other hand, faced a tougher-than-expected third quarter of 2021. The e-commerce giant failed to understand and red the expectations as online sales slowed and concerns grew about how Amazon would handle the ongoing supply chain crisis. With Amazon’s stock price down more than 10% in the third quarter, the brand is hoping to make a comeback in the later part of the year. Fortunately, the deal between Amazon and PayPal to bring Venmo payments to the e-commerce platform should prove very beneficial for both parties in 2022. Huge push for Venmor Venmo, the mobile payment service, was launched in 2009,and while PayPal bought in 2012. Venmo had to go through a long way to gain acceptance. The mobile app is available for Android and iOS devices, and is marketed as a kind of PayPal-lite because it’s primarily used to send money quickly to family and friends, rather than buying goods and services online. New Study by Venmo A New study from Venmo showed that 65% from its user bought more products online during the pandemic and 47% from Venmo users want to use Venmo as paying method to buy more products from e-commerce websites. As such, the news of a collaboration between PayPal and Amazon to allow e-commerce giant Amazon to take Venmo Payments is timely.