Amazon has announced changes to its Multi-Channel Fulfillment (MCF) program, which will affect fees for fulfilling sellers’ off-Amazon orders. Effective from February 5, 2024, these changes include an average MCF fee increase of 3.5% across all delivery speeds, which Amazon highlights as being lower than the 5.9% average increase by other carriers.
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In 2024, Amazon will adjust its seller fees, including an average increase of $0.15 per unit sold, new inbound fees averaging $0.27-$1.58 per unit, and reduced FBA fulfillment fees by $0.20-$0.61 per unit. Additionally, referral fees for certain apparel items will be reduced, and monthly storage fees will decrease by $0.09 per cubic foot.
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Amazon is stepping into the AI chatbot arena with ‘Amazon Q’, designed specifically for businesses. This new generative AI assistant unveiled at AWS re:Invent, aims to revolutionize work efficiency, offering customized, fast solutions for customer queries.
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Cyber Week 2023 has left a distinct mark on the e-commerce landscape, showcasing trends that are reshaping how we shop online. Here’s a brief look at the key takeaways from this pivotal shopping period.
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Big news for anyone dealing with third-party platform payments: The IRS has announced a delay in implementing the new $600 Form 1099-K reporting threshold for 2023. Instead, they plan to phase in a higher threshold of $5,000 starting in 2024. This follows the decision to maintain the existing $20,000/200 transaction threshold for the 2022 tax year, which will now continue through 2023 as well.
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The world of e-commerce is constantly evolving, and staying up-to-date with the latest tools and features is crucial for online store owners. The recent release of WooCommerce 8.3.0 brings exciting updates that will significantly enhance the online shopping experience. Let’s dive into what’s new and improved in this latest version.
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If you’re an Etsy seller in the United States, there’s an important change you should be aware of for the 2023 tax year. Etsy is now required to report to the Internal Revenue Service (IRS) the sales amounts of any U.S. seller who made over $600 in gross sales. This is a significant shift from the previous threshold, which was $20,000 and at least 200 transactions. Because of this lower threshold, many sellers who haven’t received a 1099-K form from Etsy in the past will likely receive one this year.
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Here are my latest weekly notes, focusing on eCommerce marketplaces: #Walmart #Amazon #Tiktok #Grok #Openai
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Here are my latest weekly notes, focusing on eCommerce marketplaces: #Walmart #Amazon #Michaels #Woo
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