In a world that is driven by technology and innovation, global trade is increasing at an unprecedented rate. Businesses in every corner of the world are leveraging Internet and mobile technology to reach consumers that they wouldn’t have otherwise reached. In fact, according to eBay Inc.’s Commerce 3.0 study, over 90 percent of U.S. businesses using ebay.com are trading across borders, and on average these businesses sell to more than 30 different countries.
In an effort to assist businesses leverage the global market, PayPal has launched a new website designed to educate and empower small businesses with free tools to expand their global sales. The website, called PassPort, provides country-specific guidance on seasonal sales peaks, including holidays and events; cultural customs, taboos and trends; shipping and distribution logistics; currency exchange and fees, and customs procedures and taxes.
From small mom-and-pop shops to some of the largest enterprises in the world, PayPal’s customers move billions of dollars in 193 countries. And with PassPort, we can now be the trading partner that our customers need. For more information on PayPal’s PassPort, please click here and start trading today!