Goldman Sachs’ Marcus to Partner with Amazon on Merchants
Posted on 06/10/2020
Amazon.com, Inc. is partnering with Goldman Sachs. Under the name Project Augusta at the bank, Goldman Sachs plans to offer a credit line for U.S.-based merchants that work on the Amazon platform to access Goldman’s Marcus brand for credit lines of up to US$ 1 million. Seller Central is the online hub for Amazon merchants and the merchants can apply to credit lines with a fixed annual interest rate of 6.99% to 20.99%.
In 2019, Goldman Sachs partnered with Apple Inc on an iPhone-integrated credit card.