PayPal has agreed an alliance with Stamps.com. Under the terms of the alliance, PayPal will begin to offer its users direct access to US postage. The two companies have said that the alliance will allow users to buy and print US postal service stamps though their PayPal accounts. PayPal hopes that the alliance agreement will help to improve its shipping services.
The news of the creation of the alliance comes just before the announcement of PayPal’s Q2 earnings. The announcement will be closely monitored, as it will affect the company’s share price. This will in turn affect the company’s takeover by eBay. PayPal has agreed to be acquired by eBay in a $1.5 billion deal. eBay’s offer to acquire PayPal includes a fixed exchange ratio meaning that the acquisition’s value is linked to eBay’s share price. PayPal’s shares were valued at $23.61 at the time of the announcement of the deal with eBay. The company’s shares had previously reached the $30 mark after PayPal predicted promising Q2 earnings and revenue growth.