PayPal Acquires U.S. Startup Glad Returns

Glad Returns, a U.S.-based returning product startup, introduced on Friday it has been acquired by PayPal Holdings, Inc. (NASDAQ:PYPL). Based in 2015, Glad Returns seeks to retain income, cut back price, give buyers selection, and make provide chains sustainable by making returns “stunning” for retailers, buyers, and the planet.

“There’s no a part of retail that may advance enterprise extra to enhance than returns. As a result of Glad Returns manages all points of returns, manufacturers can focus as a substitute on their enterprise. Manufacturers can now enhance exchanges and provide a top-notch expertise with best-in-class returns software program and reverse logistics, beginning at $350/month.”

Glad Returns additional revealed it already has a detailed relationship with PayPal all through its historical past.

“We now have a deep respect for PayPal’s ec-ommerce management, inclusive and revolutionary firm tradition, and dedication to increasing entry to the worldwide economic system, and couldn’t be extra thrilled to be becoming a member of the PayPal household.”

Glad Return additionally acknowledged it is going to proceed providing a “finest at school” returns expertise for retailers and buyers. The corporate added:

“Our know-how and platform will assist lengthen PayPal’s commerce platform past discovery and funds to the post-purchase expertise. With PayPal’s help, we can even give attention to enhancing our platform and increasing our footprint, all with the objective of offering extra clients with essentially the most seamless, cost-effective and environmentally pleasant option to make and course of returns.”