PayPal has agreed to acquire Happy Returns, which offers a way for consumers to send items back to the merchant without having to use the mail.
The deal gives PayPal a way to control more of the shopping experience, expanding from product discovery and buying to post-payment activities.
Happy Returns contends items purchased online have a higher return rate, and the lack of an obvious brick-and-mortar store forces consumers who don't want an item to use the mail for returns.
Terms of the deal were not disclosed. Happy Returns has raised more than $25 million, reports
