Value Added Resource Week In Review 7-24-22

Liz Morton ~ Founder
Liz Morton ~ Founder


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Welcome to the Value Added Resource Week In Review!

We'll start with a reminder - Q2 2022 earnings calls are just around the corner & Value Added Resource is here to help you keep track of all the important dates and times.

Q2 2022 Ecommerce Earnings Call Roundup
With Q2 2022 earnings calls just around the corner, track the dates for Amazon, eBay, Etsy, Facebook, Shopify & more!

eBay News

eBay introduced Authenticity Guaranteed for Fine Jewelry this week with a triumphant press release blasted around the world, but they were noticeably much quieter about the fact they are increasing final value fees for the entire jewelry category to pay for it.

eBay Authenticity Guaranteed For Fine Jewelry
eBay launches authentication program for fine jewelry in collaboration with GIA, the Gemological Institute of America.
eBay Sneaks In Final Value Fee Increase For Jewelry Starting 9-12
eBay Final Value Fees for all jewelry will increase effective September 12 to pay for new authentication program.

Scan To List functionality has been expanded to include eBay Canada, but unfortunately it is limited to only Magic the Gathering, Yu-Gi-Oh!, and Pokémon cards just like in the US where this feature still does not support sports trading cards over a year after the initial rollout.

eBay Expands Scan To List For Non-Sports Trading Cards To Canada
eBay announces Scan To List for Magic the Gathering, Yu-Gi-Oh!, & Pokémon cards is now available to sellers in Canada.

A seller questions why eBay doesn't provide more in-depth data reporting to sellers, offering some interesting comparisons to a competing marketplace.

eBay Lags Behind Competition In Video & Traffic Reporting
A seller questions why eBay doesn’t provide more in-depth data reporting, offering interesting comparison to competing marketplace.

Many questions still abound about the German Packaging Act and how it will impact orders shipped via eBay Global Shipping program or domestic freight forwarders.

Sellers beware - you could still be on the hook even if you completely block all sales to Germany.

German Packaging Act, eBay Global Shipping & Freight Forwarders
Find out how German Packaging Act impacts orders through eBay Global Shipping Program & freight forwarders.

eBay has a new social media manager on the "dream team" - does this mean we can look forward to more social commerce and seller engagement initiatives?

Will eBay’s New Social Media Hire Improve Seller Engagement?
eBay has a new social media manager - what could it mean for seller engagement & social commerce efforts?

Technical Issues

Some eBayUK sellers have been devastated this week by a sudden wave of mass listing cancellations due to an apparent error in VAT tax ID verification - some report sales are down 80% due to lost sales history and velocity.

eBayUK Listings Wiped Out In VAT Update SNAFU
eBayUK sellers caught by surprise by sudden wave of mass listing cancellations due to error in VAT tax id verification.

eBay experienced massive disruptions to shipping with sellers receiving error messages preventing them from purchasing postage and/or label sizing problems.

Can’t Print eBay Shipping Labels 7-21-22
eBay sellers report shipping problems - label sizing wrong, can’t process payment for postage & page loading errors.

And in an apparent test gone horribly wrong, product descriptions were completely removed from the main listing view in the eBay mobile app.

eBay Listings Missing Descriptions In App
eBay users report listing descriptions are missing when viewed in the eBay app.

Other Ecommerce News

Etsy sellers were confused and dismayed by a new requirement to log in with their online banking credentials through Plaid to verify their accounts for receiving payments.

Etsy Sellers Struggle With Plaid Bank Account Verification
Etsy testing using Plaid micro-deposits for bank verification & some sellers report serious problems as a result.

Meta has announced a new way to buy & sell on Instagram directly through chat messages.

Buy & Sell Directly In Chat On Instagram
Meta has announced a new way to buy & sell on Instagram, directly through chat messages.

YouTube & Shopify are partnering to bring live shopping tools to creators with a new integration that allows real time shopping from livestream videos all without ever leaving YouTube.

YouTube & Shopify Partner On Live Shopping Tools For Creators
YouTube & Shopify are working to bring more live shopping tools to the platform with new integration.

And finally, social commerce platform Whatnot has doubled their valuation to $3.7B and raised $260M in Series D funding that the founders intends to use to expand into more categories and add new features and experiences to continue to fuel the impressive growth the company has seen in the last year.

Whatnot Doubles Valuation, Raises Funds As Growth Continues
Whatnot is hot as social commerce platform doubles valuation to $3.7B & raises $260M in Series D funding.

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Week In Review

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