Las Vegas, NV, October 15, 2020 – –The 4Less Group, Inc. (OTC PINK: FLES) announced today that, for their AutoParts4Less.com (Auto Parts) Multi-Vendor Market Place, they have selected PayPal Commerce as their payment processor for AutoParts4less.com
The PayPal Commerce Platform was designed specifically for platforms and marketplaces and provides a trusted payment processing solution which alleviates the companies’ risk of payment issues, fraud, liability, and regulatory burdens in both national and international territories.
As a result of having PayPal as a payment processor partner, customers will have the convenience of using any number of payment options from Visa, MC, Discover, American Express, VENMO, Google Pay and Android Pay. Additionally, PayPal offers 6 month no interest loans to qualified buyers as well as “Pay in 4” a new buy now, pay later interest free instalment. These alternative finance options provide our buyers with more flexibility in how they pay for product without impacting the cash flow of our trusted sellers.
A driving factor in Auto Parts decision process when selecting its payment processor was funding accessibility for merchants. PayPal provides our merchants with instant access to their funds; giving a shot in the arm to small business where cash flow is critical. Other multi-vendor marketplaces such as Amazon hold such funds for up to 2 weeks which can be detrimental to a burgeoning business during these unprecedented times.
“We feel this is the ideal solution for both our vendors and our customers and positions us to become a global player in the online auto parts industry” said Christopher Davenport, founder and president of Auto Parts 4Less, Inc., The 4Less Group’s wholly owned subsidiary. “Additionally, with PayPal as our premier payment provider we now have access to a breadth of buyers and sellers around the world that already utilize PayPal on a regular basis. The PayPal Commerce Platform gives us the global reach and local expertise that allows Auto Parts 4 Less to enter new markets and acquire new customers.”
About The 4Less Group, Inc.:
With the acquisition of the URL AutoParts4Less.com, FLES is focusing all of their efforts and resources on building out a flagship multi-vendor automotive parts marketplace with the potential to list and sell literally millions of parts that will include automotive specialty equipment parts and accessories, targeted “niche” web sites and potentially a used auto parts exchange one day as well.
CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements, including information about management’s view of the Company’s future expectations, plans and prospects. In particular, when used in the preceding discussion, the words “believes,” “expects,” “intends,” “plans,” “anticipates,” or “may,” and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. Such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that its forward-looking statements will prove to be correct. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Factors that could cause results to differ include but are not limited to, successful performance of internal plans, product or services development and acceptance, the impact of competitive services and pricing, or general economic risks and uncertainties. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made as of the date hereof. The Company takes no obligation to update or correct (i) its own forward-looking statements, except as required by law, or (ii) those prepared by third parties that are not paid for by the Company.
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