Value Added Resource Week In Review 8-14-22

Liz Morton ~ Founder
Liz Morton ~ Founder


Welcome to the Value Added Resource week in review!

eBay News

eBay hosted the third quarterly Seller Check In event of the year. The agenda this month was fairly light with a general eBay overview from Chief Revenue Officer Ashish Chhabra, a segment about returns with Senior Director Protections Ian Bednowitz, and a Q&A between eBay Director Community Rebecca Michals and Forrester analyst Sucharita Kodali about the silver lining of the pandemic.

It's likely they're holding any big announcements for eBay Open in September.

eBay Fall 2022 Seller Check In
Highlights from eBay’s Fall 2022 Seller Check In event.

This week we also had the monthly eBay community chat and the topic for August was Terapeak Research and Sourcing Insights with Product Manager Lucan McRandall.

Lucan is a member of the Seller Experience Growth & Insights team and honestly, it's a shame the chat was limited just to Terapeak. The low level of participation is perhaps an indication not many sellers are interested in Terapeak specifically but I bet if they had opened it up to more general questions about seller growth they would have gotten a lot more engagement, especially from those who've reported a serious sales slump in the last few months.

On the plus side, I was able to ask about some issues with Sourcing Insights that have been reported impacting the Motors categories since June 2021.

eBay August Chat: Terapeak Research & Sourcing Insights
eBay community chat with Product Manager Lucan McRandall on Terapeak Research & Sourcing Insights.

eBay has announced a new partnership with TaxAct to help sellers navigate new 1099-K tax requirements.

eBay Partners With TaxAct To Help Sellers With 1099-Ks
eBay taps TaxAct to help navigate new 1099-K requirements with launch of tax information center for sellers.

Take a deep dive into how to set up express payouts to a debit card for eBay Managed Payments.

How To Set Up eBay Express Payout To Debit Card
What sellers need to know about how to set up eBay express payouts to a debit card.

eBay is trying to lure more sellers into trying out Promoted Listings Standard with promotions in both the US and UK offering free ads, but there's some very important fine print that could cause sellers to incur ad fees past the promotional period.

eBay $500 Free Promoted Listings Promo - Read The Fine Print
eBay is trying to lure sellers into Promoted Listings Standard, but as always - it’s important to read the fine print!

Plus - don't miss this exclusive, members only sneak peek:

eBay Exec Emails Revealed In Ongoing Cyberstalking Case
eBay cyberstalking criminal case is over, civil suit continues with ex-security chief blaming top executives.

Other Ecommerce News

USPS has proposed peak holiday season rate hikes effective October 2 - January 22.

Sellers on platforms like eBay and Etsy will want to pay particular attention as higher shipping rates will also lead to higher commission fees on marketplaces that include shipping cost in fee calculations.

USPS Proposed Rate Hikes For 2022 Peak Holiday Season
USPS has announced proposed rate adjustments for peak holiday season, effective October 2 - January 22.

Etsy is planning their first ever virtual holiday kickoff event on September 8th, featuring content from Etsy experts and sellers, tailor-made speakers, panels, and workshops focusing on entrepreneurship and creativity, as well as how to make the most of Etsy’s tools.

Etsy Up To Host First Ever Virtual Holiday Kickoff
Etsy will host first ever virtual holiday kickoff event September 8th 1 PM ET.

Bonanza marketplace is instituting a new $0.25 per transaction fee for members without subscriptions, citing the current economic situation and rising operational costs.

Bonanza Marketplace Adds New Transaction Fee
Bonanza marketplace institutes $0.25 transaction fee for sellers without member subscriptions.

Poshmark has released some new features and app updates including closet QR codes, match buyer's last offer, select all and rotating images on your phone.

Poshmark Latest Features App Update August 2022
Poshmark app update - closet QR codes, match buyer’s last offer, select all & rotating images on your phone.

Shopify Plus partners with DRINKS to make it easier for online wine sellers to navigate the complexities of tax and regulatory compliance.

Shopify & DRINKS Streamline Tax & Compliance For Wine Sellers
Shopify Plus makes it easier for online wine sellers to navigate tax & regulations in partnership with DRINKS.

And finally, popular tax compliance software company Avalara has been acquired by Vista Equity Partners and will be taken private in $8.4B deal.

Tax SaaS Company Avalara Taken Private In $8.4B Acquisition
Popular tax compliance software Avalara acquired by Vista Equity Partners & taken private in $8.4B deal.

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Week In Review