Deep discounts and one-day shipping to the
U.S. to help spur Canadian online retailers into international
markets
TORONTO, June 12, 2019 /CNW/ - In a significant move that
will help boost cross-border trade, PayPal Canada launched a
new solution that offers small businesses up to 75 per
centi in shipping discounts. Additional features include
a one-day shipping service to the U.S.ii, tracking links
on every parcel and an integrated platform where 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. Despite the fact that Canada currently has 14 trade agreements with
countries around the world, only 12 per cent of small and medium
businesses take advantage of these opportunities.iii
Some of the greatest international growth opportunities are in the
U.S., Canada's largest export
market, where businesses can send goods valued up to $800 free of tax, duties and brokerage
fees.iv
"Small businesses need access to better shipping solutions that
open them up to global customers," said Paul Parisi, PayPal Canada president. "With this
launch, we're looking to enable more exports and help small
businesses become far more competitive in today's global
economy."
In addition to deep discounts, there are a number of beneficial
features of this new service:
- 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.
- While most shipping solutions are subscription based, this
shipping tool is available to use at no extra
chargev.
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.
Michael E., owner of HockeyAuthentic.com, has been in business
for 28 years, selling authentic, licensed NHL jerseys. He said he's
now saving up to $1,000 a month
thanks to this shipping solution.
"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," he said.
"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."
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 absolutely blows away our customers
with that kind of delivery speed."
Shipping through PayPal is available now to all our Canadian
customers. For more information, visit
http://paypal.ca/shipping.
About PayPal
Fueled by a
fundamental belief that having access to financial services creates
opportunity, PayPal Holdings, Inc. (NASDAQ: PYPL) is committed
to democratizing financial services and empowering people and
businesses to join and thrive in the global economy. Our open
digital payments platform gives PayPal's 277 million active account
holders the confidence to connect and transact in new and powerful
ways, whether they are online, on a mobile device, in an app, or in
person. Through a combination of technological innovation and
strategic partnerships, PayPal creates better ways
to manage and move money, and offers choice and
flexibility when sending payments, paying or getting
paid. Available in more than 200 markets around the world, the
PayPal platform, including Braintree, Venmo, Xoom and iZettle,
enables consumers and merchants to receive money in more than 100
currencies, withdraw funds in 56 currencies and hold balances in
their PayPal accounts in 25 currencies. For more information on
PayPal, visit https://www.paypal.ca.
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i Of
a 2018 sample of 392,735 shipments made either within Canada or
from Canada to any other country, a total of 82,272 shipments would
have realized freight savings of 75% by shipping with netParcel, as
compared to the lowest posted carrier retail rate then available.
These rates do not include non-freight surcharges.
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ii Parcels will be delivered the next
business day
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iii Government of Canada
announcement, April 2019
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iv U.S. Customers and Border
Protection, March 2016
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v Shipping charges apply
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SOURCE PayPal Canada