Monday, June 21, 2021

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PayPal: Acquires Happy Returns

  • 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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