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 cent in shipping discounts. Additional features include a one-day shipping service to the U.S., 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. 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.
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 charge.
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.
Shipping through PayPal is available now to all Canadian customers. For more information, visit http://paypal.ca/shipping.