PayPal Partners with Shopify to Power a Portion of Shopify Payments in the U.S.
PayPal will become an additional provider for processing online credit and debit card transactions for Shopify Payments in the U.S.
PayPal wallet transactions will be integrated with Shopify Payments, providing a consolidated view for merchants.
SAN JOSE, Calif., September 9, 2024/ -- PayPal Holdings Inc. (NASDAQ: PYPL) today announced an expansion of its global strategic partnership with Shopify Inc. (NYSE, TSX: SHOP) in the U.S. PayPal will become an additional online credit and debit card processor for Shopify Payments through PayPal Complete Payments, a solution for marketplaces and platforms comprised of flexible and powerful developer tools.
With a brand-new experience, PayPal wallet transactions will be integrated into Shopify Payments in the U.S., which will streamline the managing of orders, payouts, reporting, and chargeback flows. This enhancement creates a single, unified experience for PayPal and Shopify merchants offering both innovative payment options and operational efficiency.
“We're excited to strengthen our partnership with Shopify by bringing exceptional experiences for our joint customers,” said Alex Chriss, President and CEO, PayPal. “This showcases PayPal’s growing role as a leading platform of choice for the world’s largest commerce brands, technology companies, and payment processors.”
This latest update in the U.S. builds on the partnership in 2022, when PayPal teamed up with Shopify to introduce Shopify Payments in France.
About PayPal
PayPal has been revolutionizing commerce globally for more than 25 years. The company creates innovative experiences that make moving money, selling, and shopping simple, personalized, and secure. PayPal empowers consumers and businesses in approximately 200 markets to join and thrive in the global economy. For more information, visit https://www.paypal.com, https://about.pypl.com/ and https://investor.pypl.com/.
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