The Buy Button Is the Most Important Icon on the Internet
A simple, effective buy
button sounds like a no-brainer today, but building one has proven
trickier than you’d think. Up to $4 trillion worth of merchandise will
languish unpurchased in online shopping carts this year. No wonder
trying to build a frictionless buy button remains a crucial effort in
online commerce. Here’s a brief history of the quest for the perfect,
profitable click.
September 12, 1997
Amazon applies for a US patent on “a method and
system for single-action ordering of items in a client/server
environment.” Jeff Bezos is a coinventor.
October 21, 1999
Amazon sues Barnes & Noble over its similar
Express Lane buy button. In December B&N is forced by a judge to
add extra clicks.
January 31, 2013
Braintree releases Venmo Touch, an iOS-based
buy button. (PayPal later acquires Braintree and retools Venmo Touch as
One Touch PayPal.)
July 17, 2014
Facebook tests a Buy button for third-party
retailers. Access to the data of its 1 billion users means FB can target
with precision. Twitter follows suit.
June 30, 2015
Pinterest takes the logical step of offering
direct purchases. Shops will eventually be able to pay to promote
Buyable Pins, a future source of revenue.
July 15, 2015
Google announces that it’s adding a buy button
to mobile search results (the paid ones). Google doesn’t take a cut of
sales. What does it get? Data.
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