Alibaba.com, a global small business e-commerce company and PayPal have entered into agreement to provide PayPal service on AliExpress platform.
AliExpress allows customers to tailor orders to the needs of its small businesses; offering smaller-quantity orders, instant online transactions and an escrow service to protect buyers and sellers.
With this agreement, AliExpress merchants can now avail its customers with PayPal as a secure payment option. Businesses will now be able to easily source goods through AliExpress using PayPal in their preferred local currency.
David Wei, CEO of Alibaba.com, said: “AliExpress is designed to help even the smallest businesses to be more competitive because they can offer customers more unique products, at better prices through the benefits to global trade. Our work with companies such as PayPal is crucial, because we want to make sure we are meeting the needs of our customers by making payment as fast, safe and easy as possible.”
Scott Thompson, president of PayPal, said: “With millions of customers using PayPal in 190 global markets, when you offer PayPal, you open your business to the world. At PayPal, we share Alibaba.com’s commitment to giving small businesses every tool they need to succeed, including the ability to conduct fast and safe online payments. For this reason, we couldn’t be more excited to be working with AliExpress.”