Value Added Resource Week In Review 11-17-24
Welcome to the Value Added Resource ecommerce news week in review!
eBay News
Arizona-based law firm Don Bivens PLLC is investigating eBay for potential employee rights violations related to underperformance of assets tied to employee 401(K) benefits as company's labor troubles continue.
All eBay wants for Christmas is a GMV and Active Buyer bump, and it appears they're willing to spend big in an attempt to turn casual sellers into "enthusiast buyers" with hefty discount coupon offer.
As other marketplaces put holiday marketing plans into motion, eBay makes it clear many sellers will once again be on their own to drive seasonal sales at ever increasing costs for Promoted Listings ads.
On the topic of increasing Promoted Listings costs, It appears the ad rate increases will continue until revenue (but certainly not morale) improves as sellers discover a sneaky 10x hike of minimum cost per click bids in addition to the recent changes to Promoted Listings General Dynamic minimum rate caps.
eBay has also quietly updated their payment policy page, no longer processing payouts to bank accounts on weekends, which may delay access to funds for some sellers.
eBay Germany announced last week that they have partnered with Riverty to give buyers more flexible payment options, allowing them to have orders accrue and be paid on a monthly invoice - but what do sellers need to know about how this payment option will work?
eBay search is experiencing an ongoing glitch when trying to sort by price plus shipping, making it difficult for buyers to find the best deals on the site.
Other Ecommerce News
It's official - the Canadian Union of Postal Workers is on strike. Canada Post has warned customers of delays as operations will be shut down during the strike.
Ecommerce platform BigCommerce announced Q3 2024 earnings last week, revealing they have initiated a round of mass layoffs despite growing revenue 7% year over year.
Sellers have noticed a new way Etsy may be directing potential buyers to competitors, with a new "Compare With Similar Items" module added on listings in the app experience.
Etsy buyers and sellers say the rollout of a new option to receive refunds as site credits is not going smoothly, causing confusion and delays on the buyer side that may also have a negative cash flow impact on the seller side.
Nonprofit postal consumer advocacy group Keep US Posted is using humor to draw attention to $9.5 Billion USPS losses, throwing their support behind the USPS SERVES US act and calling for an end to Post Office mismanagement in new video.
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