eBay informed sellers it would begin collecting sales tax from buyers on behalf of more states. In addition, it announced it has also added a buyer exemption system for tax-exempt buyers – for example, charitable entities and resellers. Announcement follows: Read more
Amazon.com grew first quarter sales 17% to $59.7 billion, it announced Thursday. Excerpt of press release follows (see link below for full release with tables and guidance): Amazon.com, Inc. today announced financial results for its first quarter ended March 31, Read more
PayPal invested in Happy Returns, a company that helps retailers manage their returns. PayPal’s participation in the $11 million financing round shows the magnitude of the challenge in dealing with returns, especially for online merchants. Happy Returns offers an easy Read more
Each July, eBay awards Shine Awards to deserving sellers, but did you know that in addition to prizes, the awards come with perks that can help winners sell on eBay? For example, the Small Business of the Year winner receives Read more
BuzzFeed News reporter Leticia Miranda dug into the high-stakes world of Amazon “optimization” and found consultants offering black hat tactics to “cheat the marketplace and mislead customers.” It shouldn’t really come as a surprise that some sellers would try to Read more
PayPal grew revenue 12% in the first three months of 2019 (Q1) to $4.13 billion, it announced on Wednesday, and it grew total payment volume (TPV) by 22%, or 25% on an FX-neutral basis, to $161 billion. PayPal CEO Dan Read more
eBay announced it will expand Managed Payments to Germany. According to the terms of its operating agreement with PayPal following the 2015 separation, eBay is allowed to expand its own payments processing to a second market in July. eBay said Read more
eBay Marketplace GMV – the value of sales of its sellers – was down 4% in the first three months of 2019, a decline of 1% taking into account the impact of foreign exchange. Nevertheless, eBay grew its own revenue Read more
eBay has added an authentication service in the Asian Antiques category thanks to a partnership with a service called Bidamount, operated by Peter Combs, a dealer and appraiser based in Massachusetts and owner of Plcombs. Items listed in eBay’s Asian Read more
Beginning this summer, Amazon customers will be able to return their purchases to all Kohl’s stores. The companies began a returns pilot program in 2017 which is currently available at 100 Kohl’s stores in Los Angeles, Chicago and Milwaukee markets. Read more
