Amazon Flexible Payment Services API launched today

Ridiculously low transaction fees and flexibility to process payments on a vendor's own site are the highlights of the Flexible Payment Service, an extension of Amazon Payments.

The service favors Amazon Payments balance transfers but also accepts bank and credit card transactions. 

Existing Payments participants can simply transfer to the FPS account.

Here's the rate table:
For Transactions >= $10:

• 1.5% + $0.01 for Amazon Payments balance transfers
• 2.0% + $0.05 for bank account debits
• 2.9% + $0.30 for credit card

For Transactions < $10:

• 1.5% + $0.01 for Amazon Payments balance transfers
• 2.0% + $0.05 for bank account debits
• 5.0% + $0.05 for credit card

For Amazon Payments balance transfers < $0.05:

• 20% of the transaction amount, with a minimum fee of $0.0025

Qualified developers can apply for the following monthly volume discounts for credit card transactions:

• 2.5% + $0.30 per transaction for payment volume from $3K- $10K
• 2.2% + $0.30 per transaction for payment volume from $10K - $100K
• 1.9% + $0.30 per transaction for payment volume over $100K

Go sign up.

Written by Scott Hurff.  scott.hurff@channeladvisor