Shopify, the e-commerce platform that lets businesses of all sizes sell online, in stores and on the go, is rumored to be interested in acquiring Stamps.com (STMP), a provider of Internet-based postage services.
The deal, which is said to be in the early stages, would help Shopify expand its shipping offerings for merchants and give it a bigger presence in the $1.4 trillion U.S. shipping market.
Shopify already offers its own shipping software, Shopify Shipping, which gives merchants access to discounted shipping rates from major carriers such as UPS (UPS) and FedEx (FDX). But the company doesn’t have its own postage service like Stamps.com, which lets customers print postage from their own computers.
If the deal goes through, it would be the latest in a string of acquisitions by Shopify, which has been on a buying spree in recent years. The company has made more than 20 acquisitions since it was founded in 2004, according to Crunchbase.
Most recently, Shopify acquired OrderHub, a software company that helps businesses manage orders from multiple sales channels. Prior to that, it bought Return Magic, a returns management tool, and Tictail, an e-commerce platform for independent brands.
Shopify has been one of the biggest beneficiaries of the COVID-19 pandemic as more businesses have shifted online to sell their products and services. The company’s stock is up more than 170% this year and its market value now stands at $100 billion.
Stamps.com would also get a boost from the pandemic as more people are shopping online and using mail order services. The company’s stock is up about 50% this year.
A deal between Shopify and Stamps.com could be announced as early as this week, according to people familiar with the matter. The companies declined to comment.
Is Shopify Going to Buy Stamps Com?
It is rumored that Shopify might buy Stamps in order to expand its shipping offerings and have a stronger presence in the US shipping market.
Shopify already offers its own shipping software called Shopify Shipping; however, it does not have its own postage service like Stamps.
PRO TIP: There is no official announcement from Shopify about buying Stamps Com. However, there are many rumors circulating online about this potential acquisition. Shopify has not confirmed or denied these rumors. Until there is an official announcement, we cannot know for sure if Shopify is planning to buy Stamps Com.
If this deal were to go through it would be one of many acquisitions by Shopify; who has made over 20 acquisitions since it was founded back in 2004.
With the pandemic still raging on, many businesses have had to shift their sales online; resulting in increased business for Shopify.
Conclusion: Although nothing has been confirmed yet, it is speculated that Shopify might acquire Stamps in order to expand its shipping offerings and have a stronger presence in the US shipping market.
10 Related Question Answers Found
Shopify is a great platform for entrepreneurs and small businesses who are looking for a custom platform to build their online store. The platform offers a wide range of features, including an easy to use checkout process, a variety of payment options, and a built in marketing system. With Shopify, you can easily create and manage your online store from a single platform, making it easier for you to manage your business.
Shopify is a Canadian e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems. Shopify offers online retailers a suite of services “including payments, marketing, shipping and customer engagement tools to simplify the process of running an online store for small merchants.
Shopify is a Canadian e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems. Shopify offers online retailers a suite of services “including payments, marketing, shipping and customer engagement tools to simplify the process of running an online store for small merchants.
Shopify is a great ecommerce platform that can help you set up and run your own online store. The platform is easy to use, and you can create a store in minutes. Shopify also has a wide range of features, such as custom domains and unlimited storage space.
Stamps.com is one of the most popular shipping software providers out there, and for good reason. They offer a comprehensive shipping solution that integrates with Shopify, making it easy to ship orders from your Shopify store. Stamps.com offers a wide range of features that make shipping easy, including the ability to print shipping labels directly from your Shopify orders page, tracking numbers for all of your shipments, and access to discounted shipping rates.
Shopify email is a great tool for online businesses. It allows you to create and send professional looking email newsletters, announcements, and promotions. It’s easy to use and has a wide range of features, making it a great choice for small businesses and online retailers.
Shopify is a platform for businesses of all sizes to create an online store. It offers users a customizable platform, an easy-to-use checkout process, and a wide range of features. Shopify does not take a commission from sales made through its platform.
Shopify is a Canadian e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems.Shopify offers online retailers a suite of services “including payments, marketing, shipping and customer engagement tools to simplify the process of running an online store for small merchants. Shopify was founded in 2004 by Tobias Lütke, Daniel Weinand, and Scott Lake after attempting to open Snowdevil, an online store for snowboarding equipment.
Shopify is one of the most popular ecommerce platforms on the market today. And for good reason. It’s easy to use, has tons of features, and is very affordable.
In today’s market, it can be hard to make a decision about whether or not to start a Shopify store. With so many options available, it can be hard to know if a store is worth the investment. Ultimately, the answer to this question depends on a few factors.
