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PayPal Acquires Happy Returns May 17, 2021 Looking to create more of an end-to-end ecommerce solution and move beyond the perception that it’s a payments platform only, PayPal has acquired Happy Returns, which consolidates returns for its retail customers via a national network of mall and store collection points. Sensing encroaching into payments from Amazon, Apple, Google, Facebook and others, PayPal began expanding its offerings in recent years to provide a broader value proposition for merchants. It led a 2019 investment round in Happy Returns that netted the company $11 million. A star...

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socaltech.com Santa Monica-based Happy Returns, which operates a business which makes it easier for consumers to returns items they have purchased at e-commerce startups--and also handles all the logistics in processing those returns--has been acquired by PayPal. Financial terms of the buy were not announced. Happy Returns was venture backed by U.S. Venture Partners and Upfront Ventures, and also had previously raised strategic funding from PayPal itself. The last announced funding for Happy Returns was in April of 2019. Happy Returns has a network of approximately 2,600 retail locations, w...

Dive Brief: With a surge of online shopping and consequent returns, PayPal has acquired Happy Returns for an undisclosed sum, according to a Thursday announcement.  The decision stems from PayPal's desire to play a more significant role in consumers' post-purchase experience and the returns process. The acquisition will allow the payment platform to follow consumers from discovery through payments to returns and exchanges, according to an email to Retail Dive.  As part of the acquisition, Happy Returns plans to continue enhancing its platform and growing its reach with PayPal's support. Di...

PayPal Acquires Happy Returns Happy Returns, a Santa Monica, CA-based tech returns company. The amount of the deal was not disclosed. As part of PayPal, Happy Returns will continue offering its returns experience to retailers and shoppers. The technology and platform will help extend PayPal’s commerce platform beyond discovery and payments to the post-purchase experience. With PayPal’s support, the company will also focus on improving the platform and expanding its presence. With the addition of PayPal’s technology, Happy Returns’ commerce platform, which includes Honey and checkout...