Value Added Resource Week In Review 6-30-24
Welcome to the Value Added Resource ecommerce news week in review!
eBay News
The Summer 2024 eBay Seller Update is here! Checkout all the details including marketing and advertising changes, reporting and payment updates, international shipping and regulations, and more!
eBay also included updates to the User Agreement in this update with changes to sections about AI use, binding contracts, and contention moderation.
Some buyers are no longer seeing seller names displayed in search results due to now confirmed intentional testing eBay is running on the site.
New unannounced updates to the eBay feedback page design are also causing confusion and concern for both buyers and sellers as the platform continues march to morph seller feedback into product reviews.
eBay has finally figured out how to fill the gap left when they lost PayPal Working Capital loans, introducing a new financing product through Liberis that allows seller payback with a percentage of sales rather than a fixed monthly payment.
The PR machine was working overtime today to promote a special Elton John Aids Foundation Charity livestream event auctioning off pre-loved clothing from the star to raise funds for HIV/Aids awareness, but in classic eBay fashion all the starpower in the world wasn't enough to overcome almost three decades of tech debt and poor leadership.
VP Global Collectibles Gene Cook, who oversaw launch of eBay Live and acquisition of TCGPlayer and Goldin Auctions, has announced his departure, leaving leadership of multi-billion dollar key focus vertical up in the air at a critical time for the company.
eBay's current VP & Deputy General Counsel Markets & Privacy Ken Ebanks will be stepping up to take over the role of interim General Counsel as Marie Oh Huber complete's previously announced exit.
Other Ecommerce News
Mercari is tweaking the item page design to provide more buyer fee transparency as major strategy shift fails to deliver hoped for short-term GMV results.
Shipping label providers are giving users short notice of upcoming changes to USPS Priority and Ground Advantage rates set to take effect July 1, 2024.
Amazon sellers panicked as an apparent "bots gone wild" situation is incorrectly identifying thousands of items as plants or seeds, leading to mass deactivations and warnings for "listing in the wrong category."
Etsy has announced sellers in the US and Canada will finally be able to set processing schedules to allow extra time for some postal holiday closures.
And Etsy-owned musical instrument marketplace Reverb targets budget-conscious shoppers with new Reverb Outlet offering.
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