July 13, 2017
PayPal has come up with a new way to make things easier for businesses. PayPal is launching the Global Sellers initiative which is going to benefit a wide range of businesses to access payments not only from home, but also from abroad. The company is making an easier way for cross-border commerce for merchants using its service. Along with WebInterpret, a global commerce provider, PayPal has signed a partnership deal.
The partnership will help businesses set their online stores in a localized environment and enable them to receive orders and payments from international customers. This comes along with shipping and fulfillment to customers around the globe. Currently, PayPal’s Global Sellers’ focus is on small and medium scaled business, launching primarily in US before spreading to other nations.
It will take only about a week for WebInterpret to create the localized version of an online store. Once that is done, customers worldwide will be able to shop and pay for goods in their own language and in their own currency. This also has an additional boost, as it will popularize the SEO of their stores in different regions around the world.
And that’s not all. The best is that the sellers need not pay for the set up. Then how PayPal and WebInterpret will make money you may ask. PayPal will reap benefits from the large volumes of sales proceeding through its system. On the other hand, WebInterpret will make its profits from the shipping portion of the sale. Sellers can of course expect a significant rise in their sales, as they will be serving customers outside their borders.
Shopping providers like Shopify, Magneto, WooCommerce and BigCommerce are hooking onto this service. With this new service, PayPal is definitely looking for a steep rise in its profits.