Value Added Resource Week In Review 6-19-22

Liz Morton ~ Founder
Liz Morton ~ Founder


Welcome to the Value Added Resource week in review!

eBay Seller News

eBay announced this week the minimum ad rate allowed for Promoted Listings Standard will rise from 1% to 2% effective July 11.

This move comes after eBay already granted themselves a de facto ad fee increase on June 1st by changing the way fees are calculated to now include shipping and sales tax.

eBay Increases Minimum Promoted Listings Rate To 2%
eBay increasing minimum ad rate for Promoted Listings from 1% to 2% effective July 11.

Spendable Funds has been slowly rolling out to more eBay sellers, allowing them to use their Managed Payments balance to pay for purchases on the platform.

I took a deep dive into this new feature of the eBay Wallet to see how it works and what sellers need to know to get started.

eBay Spendable Funds - What You Need To Know
eBay Spendable Funds lets sellers use Payments balance for purchases on the platform - here’s what you need to know.

eBay Live beta is a new shoppable livestream feature on the platform that will debut on June 22 with a curated selection of highly-coveted and rare trading cards from Bleecker Trading hosted by trading card enthusiast DJ Skee.

While the idea of livestream shopping is very intriguing, I'm not going to get too excited about this one until it ends up in the hands of regular sellers and shows itself to be more than just another gimmick to pump up CEO Jamie Iannone's  vertical focus strategy,

eBay Live Shopping For Collectibles
eBay is launching a new live shopping platform aimed at the collectibles market.

And finally there's another big eBay leadership shake up in the works as SVP Head of Europe Rob Hattrell will be leaving the company next month to private equity firm TDR Capital.

SVP GM Americas Jordan Sweetnam will assume responsibility for eBay Markets globally to fill in the gap, and Murray Lambell will continue to lead eBay in the UK.

eBay Loses Head of Europe, Rob Hattrell
Another shake up to eBay’s International leadership line up as Head of Europe is set to depart next month.

Technical Issues

eBayUK suffered a massive Managed Payments failure that stopped payouts to sellers for 2 days.

The situation was eventually resolved and payouts were made, but there are still many lingering questions and concerns about eBay's response, or lack thereof.

eBayUK Missing Managed Payments Payouts June 14th
eBay sellers in the UK report payouts have not been processed for June 14th, 2022.

eBay users are also experiencing a major bug in the iOS version of the app that causes it to crash when opening or trying to perform important functions like placing a bid.

The issue has persisted for 3 days and counting, causing some sellers to wonder how many sales have been lost in that time?

eBay iOS App Crashes On Opening 6-17-22
eBay users report latest version of the iOS app crashes almost immediately when opening or trying to navigate.

Etsy also experienced site-wide technical issues earlier this week with impacts to shop manager, shipping label printing, messages and buying.

Etsy Experiencing Site-Wide Tech Issues 6-13-22
Etsy is experiencing site-wide technical issues impacting shop manager, label printing, messages & buying.

Other News

In other news, Etsy is testing a new way for buyers to leave seller reviews with videos.

Etsy Testing Video Reviews
Etsy announces they are testing a new way for buyers to leave seller reviews with videos.

And don't forget USPS will be closed Monday June 20th for the Juneteenth federal holiday.

USPS Will Close Monday June 20 In Observance of Juneteenth
Heads up ecommerce sellers - Post Offices will be closed Monday June 20th to observe Juneteenth federal holiday.
Week In Review