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PayPal announces new payments solution for online retailers

June 4, 2019

Allowing more smaller merchants onto its PayPal Commerce Platform is the online payment system’s latest move toward strengthening its market position.

Just over a year ago, the company acquired iZettle, a small business commerce platform that’s popular in Europe and Latin America, for $2.2 billion. The company has engaged in partnerships with other major brick-and-mortar retailers like 7-Eleven and Walmart, but this offering appears to be an effort to level the playing field between large and small businesses.

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