Shopify Acquires Montreal’s Return Magic.
Shopify Inc (NASDAQ: SHOP) shares were surging Monday after news broke that the company acquired Tictail, an e-commerce platform focused on … Shopify has brought another one of the successful developers in its app ecosystem in-house with its latest acquisition.
Acquiring Organization: Shopify Shopify is a cloud-based, multi-channel commerce platform designed for small and medium-sized businesses. The company, founded in 2016, aims to make returns easier to manage for merchants and customers.
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Bridg Buys Relevant Mobile. In March 2017, Racine revealed the app had completed its 10,000th return.“Return Magic is a top-performing app in the Shopify App Store, and its acquisition is another step Shopify is taking to help our merchants own their time and spend it on what matters most: their customers,” Shopify said in an emailed statement.Developed by a Montreal-based team co-founded by Guillaume Racine and Raff Paquin, Return Magic was launched in 2017 as a seamless returns solution that allows merchants to build loyalty while making shopping more convenient for consumers.Return Magic was built exclusively for the Shopify platform and is the eCommerce company’s best-ranked solution, servicing more than 2,500 merchants. Shopify did not state if they would eventually add Return Magic as a core feature into the platform.Currently Return Magic offers a Free 30-Day trial and is available for as little as $10 per month.
The Ottawa-based company announced Tuesday that it had acquired Montreal’s Return Magic, which helps Shopify merchants automate their return processes. Return Magic Return Magic is allows merchants to build loyalty while making shopping more convenient for consumers. This acquisition is another step we’re taking to help our merchants own their time by spending it on the things that matter most to their business, while Shopify works on handling the rest.”Shopify has acquired another app for its ever-expanding portfolio.“It takes very little time and effort for merchants to set up Return Magic and integrate with carriers,” Racine says.Shopify’s Kearns agrees: “Returns are an essential step in the online buyer’s journey, yet most merchants today aren’t well equipped to handle them efficiently in a way that leaves their buyers satisfied,” he says. Shopify announced they have acquired Montreal-based Return Magic for an undisclosed amount. Return Magic is still a very small company, just four employees including the company’s two co-founders.Shopify announced they have acquired Montreal-based Return Magic for an undisclosed amount.Here is a brief video that explains the benefits for merchants to use Return Magic.Return Magic works with logistics solutions ShipStation, EasyPost, and Shippo and has a long list of shipping providers, including many international shippers.The company, founded in 2016, aims to make returns easier to manage for merchants and customers.The company currently works with nearly 2,500 retailers, and virtually all of that business is on the Shopify ecosystem, which caters to more than 600,000 merchants worldwide.On its website, the company says that Return Magic “Auto-magically generate labels, refunds and emails to save time and enhance your shopping experience.
On June 22, 2018, Solutions Alveo Inc., a company that offers commerce return management software and does business as Return Magic, announced its sale to its long-time partner Shopify. Relevant Mobile. According to Racine, Return Magic supports buyers and merchants in three key ways:“Merchants trust Shopify to equip them with the tools required to offer the best experience to their customers,” Kearns said. Shopify has announced that they have acquired the Montreal-based Return Magic. On Tuesday, the Ottawa-based ecommerce darling announced that it had acquired the Montreal-based developers behind Return Magic, an ecommerce return solution for Shopify that also happens to be the platform’s number one app, with nearly 2500 customers.. Acquired by. Customize your portal and emails to look and feel like your website.”For the time being, Return Magic will continue to be an app in the Shopify app store. LoyaltyExpress | New Capital-backed LoyaltyExpress acquires Lending Manager. The startup’s software is used by more than 2,500 merchants on Shopify’s platform. Lending Manager. socalTECH.com. Pricing is based on number of returns that a merchant processes through the system.Copyright 2020 – Bafos Media, Inc. / Understanding Ecommerce Ltd.
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