PayPal looks to reduce cross-border trade costs

To help Canadian small and medium businesses reduce their logistics costs when doing business with the US, PayPal is working with netParcel.

Canadian small businesses working into the US are to get shipping discounts as well as one-day shipping to the US to help boost cross-border trade. The new offering includes package tracking links as well as a new platform for sellers to manage order shipments and logistics from a range of marketplaces.

The e-payment company cites high shipping costs as a barrier to cross-border trade for small businesses, preventing them from taking advantage of growth opportunities in exporting to the southern neighbour.

“Small businesses need access to better shipping solutions that open them up to global customers,” said PayPal Canada President Paul Parisi in a statement. “With this launch, we’re looking to enable more exports, and help small businesses become far more competitive in today’s global economy.”

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