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PayPal: Acquires Happy Returns | Fintech InShorts: Latest fintech news, analysis by experts

Less than 1 min.Read

PayPal: Acquires Happy Returns

By Steve Sam

May 14, 2021

Paypal (NASDAQ: PYPL) is to acquire Happy Returns, a Santa Monica, CA-based tech returns company
The amount of the deal was not disclosed
As part of PayPal, Happy Returns will continue offering its returns experience to retailers and shoppers
The technology and platform will help extend PayPal’s commerce platform beyond discovery and payments to the post-purchase experience
With PayPal’s support, the company will also focus on improving the platform and expanding its presence
Led by CEO David Sobie, Happy Returns provides a network that includes more than 2,600 drop-off locations, in over 1,200 unique metro areas in every state in the continental U.S.

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