Shopify Shares Jump After the Company Strikes ‘Buy With Prime’ Deal With Amazon

Shares of Shopify jumped 10% on Thursday after the Canadian e-commerce company said it struck a deal with Amazon to offer its “Buy with Prime” program to merchants.

The companies announced late Wednesday that U.S.-based Shopify merchants will soon be able to access Amazon’s Buy with Prime service, which allows them to add the Prime logo and offer Amazon’s quick-turnaround delivery options on their storefronts. Members of Amazon’s Prime loyalty club can check out using their Amazon accounts.

To start, the feature is available by invitation only to some Shopify merchants, but it will open up to all Shopify sellers who elect to use Amazon’s logistics services by the end of September, Amazon said.

Read the source article at CNBC