Digital payments platform offers shipping discounts to spur cross-border markets
PayPal is targeting small businesses with a solution that offers up to 75% in shipping discounts
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In a move designed to help boost cross-border trade, digital payments platform provider PayPal Canada has launched a new solution that offers small businesses up to 75% in shipping discounts.
Featuring a one-day shipping service to the U.S., the solution tracks links on every parcel. Once links are uploaded to the integrated platform, online sellers can import their orders from popular marketplaces to arrange shipment.
High shipping costs and a lack of efficient shipping options have long held back Canadian business owners from selling internationally, PayPal Canada said in a press release.
Canada currently has 14 trade agreements with countries around the world, but only 12% of small and medium businesses take advantage of these opportunities. The U.S. is Canada’s largest export market, where businesses can send goods valued up to $800 free of tax, duties and brokerage fees, notes the release.
“Small businesses need access to better shipping solutions that open them up to global customers,” said Paul Parisi, PayPal Canada president.
The company is hoping to enable more exports and help small businesses become more competitive, Parisi said.
The solution offers a number of incentives:
- Sellers conducting business on different platforms now only have to go to one web page to meet all their shipping needs. After importing their sales from Shopify, Etsy, eBay or WooCommerce into the platform, sellers can easily pick and choose the quickest and most affordable way to send their parcels.
- Tracking links are available for every parcel, making it easy for packages to be traced until they reach their destination.
- One-day delivery to the United States, Canada’s leading export market.
PayPal is partnering with netParcel, a Toronto-based technology company that provides access to discounted shipping rates. More than 250,000 businesses that use PayPal can take advantage of shipping discounts – whether they are shipping parcels within Canada, to the U.S., or anywhere overseas, the company said.