eBay sold its classifieds business unit to Adevinta for $2.5 billion of cash and 540 million shares of Adevinta, representing 44% ownership of the pro forma company and a ~33.3% voting stake. It valued the deal at approximately $9.2 billion. Read more
Walmart will build a 3 million square-foot distribution center in South Carolina, according to the state’s Department of Commerce. It will supply several regional distribution centers supporting approximately 850 Walmart stores and Sam’s Clubs across South Carolina and beyond. The Read more
eBay announced Monday it’s expanding Managed Payments, and its executive in charge of Global Payments had a message for buyers and sellers. eBay announcement follows: eBay Expands Managed Payments — Here’s Why This is A Win for All of UsBy: Read more
eBay issued a press release Monday morning to announce it is expanding Managed Payments. eBay press release follows: eBay’s Management of Payments Begins Scaling Globally The company’s multi-year payments initiative reaches a major milestone as the Operating Agreement with PayPal Read more
With shipping disruptions caused by the coronavirus pandemic, it may feel that now is not the best time to try selling internationally. According to ShipStation‘s Krish Iyer, the opposite may be true. ShipStation announced a new deal with Mercado Libre Read more
ShipStation has partnered with Mercado Libre to help US merchants more easily access 600 million Latin American shoppers. Mercado Libre has a presence in 18 countries across the region, including Argentina, Brazil, Mexico, Colombia, Chile, Venezuela, and Peru. The new Read more
Warning: eBay sellers with PayPal Working Capital loans will need to start repaying those loans manually if they are among the sellers who are being forced into eBay Managed Payments this month. The operating agreement between eBay and PayPal is Read more
Amazon said it is on track to open 33 new fulfillment centers in the US this year, which will increase peak fulfillment center standard-sized product storage capacity by nearly 35 million cubic feet more than last year. It also revealed Read more
USPS issued a reminder that it is retiring its Merchandise Return Service and Scan Based Payment services. Merchandise Return Service is for retailers who want to offer free returns to their customers. Sellers can now use “USPS Returns, which, as Read more
Nextdoor, a site for neighbors to network with each other online, has launched “Sell for Good.” The new program helps users support their local nonprofits by buying and selling items on Nextdoor’s For Sale & Free. Nextdoor launched the program Read more
