Shop Promise is an intriguing value proposition for Shopify Holders
As I wrote last week, Shopify acquired Deliverr for a total of $2.1 billion. A total of $1.68 billion will be paid in cash, with the remainder in the form of shares in the corporation.
By making this acquisition, Shopify will be able to build a complete logistics infrastructure that will speed up fulfilment times for its millions of merchants. Shopify will gain a wider range of clients as a result of the easier availability of logistical services for small businesses. In addition to enhancing Shopify's inventory management, Deliverr's technology will also enable the business to launch a new service called Shop Promise that gives consumers with two-day and next-day delivery alternatives.
To let consumers know that their purchases are protected by two-day delivery and simple returns, participating merchants will be able to display a Shop Promise logo on their qualifying items.
Customers don't pay a charge to use Shop Promise, and businesses may save on shipping and fulfilment costs. Merchants will be able to include dynamically generated delivery dates on product pages with the help of the service.
A "Buy With Prime" tool, announced by Amazon, would allow third-party ecommerce sites to enable users check out quicker and benefit from Prime's expedited shipping perks when they buy from those sites.
As for the Shop Promise badge, it's a trustmark, a logo, seal, badge or other visual element designed to instil trust in the store, especially with first-time customers who are wary of handing over personal and financial information to a site they've never heard of, especially when it's their first time shopping on the site.