PayPal acquired a 70% stake in Chinese company Gopay, becoming the first foreign company to acquire a payments license in China, according to the Financial Times. The UK newspaper said China’s online payments market is currently dominated by Tencent, which Read more
While early birds have already gotten a jump on their holiday shopping, many U.S. consumers intend to hold out on spending big online until later in the season, according to Profitero, which surveyed 1,000 US consumers in September 2019 about Read more
If you drop off orders in USPS mail collection boxes, be aware of changes going into effect on October 1st. USPS mail collection boxes can be handy for sellers dropping off orders, but if you use postage stamps instead of Read more
eBay is going back to an old playbook by running a flash sale this weekend. Shoppers can get 15% off items in the fashion category by using a special code (PRICEFAB) at checkout. The sale kicked off on September 27 Read more
The USPS is launching a new site on September 30 that will help small- and medium-sized businesses get discounts through approved consolidators. Press release follows: The United States Postal Service (USPS) will launch a new website Sept. 30 for small- Read more
Four marketplaces have created a network to help 30,000 online merchants expand their reach beyond their own country, according to former eBay employee Leonardo Costa, who sent the news to EcommerceBytes. Costa now runs ePrice in Italy. Partnering with his Read more
UPS expanded its ground package sortation and distribution facility in Tennessee. The highly automated sortation and distribution facility has been expanded to over 447,000 square feet, nearly doubling package sortation capacity. The expansion is part of UPS’s multi-year strategic investment Read more
Poshmark announced it has paid out over $1 billion to its 7 million sellers in the past year, and $2 billion altogether. Poshmark takes a 20% commission on the sale of goods on its site (or a flat fee of Read more
eBay announced it was adding a unique code to the address line of all orders. It didn’t divulge the reason for the special code, so it’s unclear if this feature will be rolling out to other sites. eBay Australia Announcement Read more
Etsy added new features to its seller ad program. The features appear to add some basic functionality for sellers who want to review their campaign performance or start and stop advertising on a listing level. According to the announcement: “Yesterday Read more
