PayPal’s New Shipping Platform for Canadian Online Stores

  • By: mvadmin
  • Date: April 22, 2020
  • Time to read: 2 min.

PayPal now has a new shipping platform for Canadian online stores. U.S. payments company PayPal launched a new platform for Canadian e-commerce companies to deal with shipments between the U.S and Canada.

This new shipping solution gives Canadian business owners a strong incentive to reach beyond the nation’s borders. In an effort to save small business owners’ money, PayPal has partnered with netParcel, a Toronto-based technology company that provides access to discounted shipping rates. As a result, more than 250,000 businesses that use PayPal can now take advantage of aggressive shipping discounts—whether they are shipping parcels within Canada, to the U.S., or anywhere overseas, Paypal said in a press release.

The American money transfer giant has been making significant new deals in Canada, last year the company partnered with Visa to bring its digital and mobile payment collaboration to Canada. A month later, it acquired HyperWallet, a digital payout provider aimed at the sharing and gig economies, for $400 million in cash. In December, the company launched Xoom, its international money transfer service, in Canada.

The latest offering looks to enable more exports and help small businesses become far more competitive in today’s global economy, Paypal said.

“High shipping costs have always been one of our biggest obstacles. Customers nowadays expect free shipping and for us to absorb costly shipping outside of the country was tough,” Michael E owner of HockeyAuthentic.com said.

Michael has been in business for 28 years, selling authentic, licensed NHL jerseys. He added that he is now saving up to $1,000 a month thanks to this shipping solution.

“This new shipping integration between PayPal and netParcel is a huge difference-maker in lower costs, not only outside of Canada but within Canada as well. These rates are the best we’ve seen,” he added. Michael said offering one-day shipping to the U.S. has also made his hockey-loving customers very happy.

“Thousands of times we’ve next-day delivered a hockey jersey to a fan in the U.S. or Canada going to a game that night. This blows away our customers with that kind of delivery speed.”

This is a significant move that will help boost cross-border trade, PayPal and netParcel said.