PayPal announced today it's acquiring Happy Returns, a returns solution provider that offers online shoppers access to easier ways to send back unwanted merchandise to retailers without having to box it up and ship it themselves.

Happy Returns is teaming up with PayPal to make returning eCommerce goods easier for both shoppers and sellers, while also being better for the planet. Before launching in Santa Monica, California six years ago,

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Santa Monica-based reverse logistics provider Happy Returns Inc. has been acquired by its investor, San Jose-based PayPal Holdings Inc. Terms of the deal were not disclosed. Happy Returns was founded by David Sobie and Mark Geller in 2015.

Happy Returns, a startup that aims to make returning eCommerce goods easier for both shoppers and sellers, has been acquired by PayPal.

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Q1 2021 Earnings CallMay 13, 2021, 5:00 p.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorLadies and gentlemen, thank you for standing by, and welcome to the GoodRx first-quarter 2021 earnings call.