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Shopify partners with U.S. Postal Service to woo more retailers

Published 2015-09-24, 09:50 a/m
© Reuters. Shopify partners with U.S. Postal Service to woo more retailers
AMZN
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SHOP
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TORONTO, Sept 24 (Reuters) - Shopify Inc SH.TO SHOP.N
announced a tie-up with the U.S. Postal Service on Thursday,
making it more attractive for smaller U.S. retailers to use its
software to power their e-commerce sites.
The arrangement provides participating merchants with
discounts of up to 60 percent off the postal service's retail
rates and allow them to schedule free pickups, the Ottawa-based
company said.
"We expect to expand these benefits to merchants in other
geographies with additional shipping providers over time," Louis
Kearns, Shopify's head of product and merchant solutions said in
a statement.
Shopify, which went public this year and is valued at more
than $2.5 billion, already works with more than 175,000
retailers in more than 100 countries.
Shares of Shopify soared last week after it was named the
preferred partner of online retailer Amazon.com Inc AMZN.O .
The e-commerce site made Shopify the go-to company for
smaller vendors that want to sell products on Amazon.com and
need to integrate their inventory and payment systems with those
of the retailer's.
($1 = 1.3389 Canadian dollars)

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