PayPal’s e-commerce platform, used by Instagram Shopping and Facebook Marketplace, is now available to businesses of all sizes.
The PayPal Commerce Platform is designed to give any business access to a customizable payment solution.
Bill Ready, EVP and Chief Operating Officer of PayPal , said in an announcement:
“The PayPal Commerce Platform is designed to meet the specific needs of marketplaces, e-commerce solution providers, crowdfunding platforms and more, by bringing together the most comprehensive set of technologies, tools, services and financing for businesses of all sizes around the world.”
PayPal's eCommerce platform enables the following features:
Connect with over 277 million active users;
Directly accepts over 100 currencies;
Simplified compliance with local regulators in over 200 markets;
Advanced risk and fraud tools based on artificial intelligence and machine learning informed by electrical contractors email list billions of transactions;
Access to payment services such as mobile POS, merchant financing, and the ability to offer consumer credit for purchases.
To sum it all up, this platform provides businesses of any size access to the same online payment capabilities as larger online retailers.
PayPal COO Bill Ready tells us:
“We are at a point where we can finally put the same technology and capabilities into the hands of all companies, regardless of their size…
That’s our goal. We want to help more businesses start, grow and thrive in today’s complex digital world. It’s that simple.”
As of today, PayPal's commerce platform is available in France, Germany, Italy, Spain, the United Kingdom and the United States.
The platform will expand to more than 40 markets by the end of the year.
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