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Amazon Takes on eBay's PayPal With Payments Service

Amazon.com (AMZN) has quietly launched “Checkout by Amazon,” an e-commerce checkout service for online merchants that is taking on eBay’s (EBAY) PayPal Merchant Services offering, several analysts noted today.

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Is Amazon Planning to Go Head-to-Head With PayPal?

Amazon.com (AMZN) has been aggressively rolling out a variety of Web-based services, including on-demand computing power and data storage. Could the company’s next move be to go after eBay (EBAY) subsidiary PayPal’s dominant franchise on online payments?