PayPal Holdings Inc. (NASDAQ: PYPL) 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.
