PayPal Launches New Service To Aid Small Businesses Selling Overseas

Date: June 16, 2014

PassPort To Provide Sellers Key Information About Overseas Markets

On Thursday, PayPal announced it is launching a new service designed to aid small businesses in marketing their goods and services overseas. PayPal, owned by eBay, says that the new PassPort service provides users with “country-specific guidance on seasonal sales peaks, including holidays and events; cultural customs, taboos and trends; shipping and distribution logistics; currency exchange and fees; and customs procedures and taxes.” PassPort also provides links to eBay’s Marketplace to aid small businesses in selling overseas. However, Ingrid Lunden of Techcrunch says that the service will not provide the sort of highly-detailed analytics that many small businesses are looking for. The move comes as PayPal faces new competition from major tech players Apple, Google and Amazon.

Further Reading:

The PayPal Release is posted online, while media coverage is provide by PC World, Fox Business, and TechCrunch.

RELATED: How to Use PayPal for Your Business

This news article is intended to keep small business owners apprised of current events that may affect them. It does not necessarily reflect NFIB’s policy position on such issues.

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