The new platform has been designed to meet the needs of e-commerce solution providers, marketplaces, and crowdfunding platforms. It does this by bringing a set of technologies together along with financing, tools and services.

Offering Users More

The new platform will mean that 100 or more different currencies can be selected. It also means that users can connect with more than 277 million active users. However, this is not all that PayPal Commerce can do, it can also:

• Give users access to payment services, business financing, and mobile point of sale.
• Offer simplified compliance with local regulators who operate in more than 200 markets.
• Offer fraud and advanced risk tools that are powered by machine-learning and AI.

What all of this means is that the platform can give businesses of any size the same access to online payment capabilities that the largest retailers have.

Technologies and Capabilities

The boss of PayPal commerce has been noted as saying that the company can finally place the technologies and capabilities in the hands of all business, irrespective of their size. This is thought to be their goal in addition to helping more businesses to get off the ground, grow, and thrive.

PayPal Commerce is now available in the United Kingdom, the United States, France, Spain, Italy, and Germany. It’s thought that this impressive platform will expand so it reaches as many as 40 markets by the end of 2019.

PayPal Commerce may well stem from the company’s efforts to ensure that PayPal works well with many other tech platforms. The platform may also allow B2B-focused commerce platforms and give those smaller merchants a chance to connect to other businesses.

277 Million Active Users

PayPal already has an impressive number of users. Many marketplaces are looking for sellers who have been vetted and who also come with a proven history. This is where PayPal can come in and make a difference as they help businesses to easily find those sellers that they can trade with.