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eBay partners with TaxAct to assist sellers with the new 1099-K threshold

Before 2022, the IRS required marketplaces to issue Form 1099-K when sellers reached 200 transactions and $20,000 in gross payments in a year. However, starting January 1, 2022, the minimum number of transactions was removed, and the threshold was changed to $600. Many more 1099-K will be issued this year, and eBay is trying to help sellers understand the Form 1099-K tax obligations by partnering with TaxAct.

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Third-party logistics (3PL) costs breakdown

The rapidly increasing shipment costs demand changes in seller’s fulfillment strategies. Using 3PL companies might seem a good solution to cut costs and make fulfillment easier. However, with many options in the market offering different solutions, it is sometimes hard to evaluate if using third-party logistics will be really beneficial for our business. Below we have listed the essential components of 3PL costs. It is a summary of this article by Amazon Supply Chain, so make sure to check it if you are looking for more information.

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Bluefly – A marketplace designed for luxury brands

Founded in 1998, Bluefly is the online fashion eCommerce website, offering a selection of luxury brands. The company operates with the typical marketplace model, where selected sellers offer their products. However, it is not easy to get approved to sell on Bluefly. The company keeps the number of sellers pretty small, focusing on the quality of products and a small selection of approved merchants.

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Walmart Restored – you can now sell refurbished goods on Walmart.com

Walmart announced the Walmart Restored, a new program created to help customers discover refurbished products at everyday low prices. Those like-new refurbished products have their own dedicated Walmart Restored section and will be promoted across the entire site. This program is only approved for qualified sellers and specific item categories that are commonly refurbished: Audio – […]

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Etsy implements a new policy to resolve disputes between buyers and sellers

Etsy announced that “starting August 1, buyers will receive a full refund for purchases on Etsy.com in the rare cases that they don’t match the item description, arrive damaged, or never arrive.” At the same time, Etsy is also planning to protect sellers and “invest at least $25 million per year into the purchase protection program to cover refunds on behalf of sellers for qualifying orders up to $250, enabling them to keep their earnings from sales when things happen outside of their control.”

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