Internet Business News
04-27-2010
Small business e-commerce company Alibaba.com Limited (SEHK:1688) (1688.HK) and online payments service PayPal, an eBay (NASDAQ:EBAY) company, revealed on Monday that PayPal will be offered on the AliExpress platform.
AliExpress allows customers to tailor orders to the needs of their small businesses, offering smaller-quantity orders, instant online transactions and an escrow service for payments in order to protect buyers and sellers. The platform was officially launched this week.
As a result of this agreement AliExpress merchants can offer customers the option of paying via PayPal and businesses will be able to source goods through AliExpress and pay through PayPal in their local currency.
Financial details of the alliance were not disclosed.
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