PayPal (NASDAQ: PYPL) will acquire e-commerce returns specialist Happy Returns. Terms were not disclosed.
The news was first reported by CNBC.
Frank Keller, senior vice president of consumer in-store and digital commerce at PayPal, told CNBC the acquisition fits with PayPal’s vision moving forward.
“The post-purchase experience is something we’ve been looking into since it’s such a pain point — people want to shop online and return in store, and vice versa,” he said. “For retailers, we’re...