Today the e-commerce giant Amazon has announced a new marketplace for companies providing various digital subscription services.
The company is calling it “Subscribe with Amazon”, it will act as a single hub between all the registered third party subscription services. To get featured on this new marketplace, companies have to apply and get the approval by Amazon. Currently, the service is available for any US based App, Website or a Web-App provider at recurring subscription fees.
This new marketplace will let the digital service providers build their own custom Amazon pages with the availability to offer a variety of subscription options, including introductory, monthly, and annual rates. Companies can also offer special discounts to the Amazon Prime members.
Amazon will get 30% share on a customer’s first year as a subscriber, which will be later reduced to 15% per year.
Stay tuned for the updates.
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