Author: GeekSeller Editorial Team
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Important Etsy Updates: Enhanced Privacy and Forum Access Changes
Etsy is rolling out significant changes that will impact how users interact with its platform. Starting soon, accessing most forum posts will require a user sign-in, ensuring a more secure and community-focused experience. Additionally, Etsy is tightening its data privacy policies. Effective February 5, access to buyers’ email addresses will be restricted in certain third-party…
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Is free shipping more important than same-day delivery?
For retailers planning for 2024, here’s a crucial insight from a recent Forrester survey: customers value free shipping more than same-day delivery. This finding suggests a shift in focus for online retail strategies. Instead of investing heavily in fast delivery, offering free shipping could be a smarter move. It’s a simple yet effective change that…
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2024 Amazon US Referral and FBA Fee Changes: A Chronological Overview
Amazon has just released a summary of the 2024 US referral and FBA fee changes. Here is a chronological summary including all the relevant dates and values.
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Amazon Announces Reduced Seller Fees for Low-Cost Clothing
Amazon has announced a reduction in seller fees, but exclusively for clothing items priced under $20. Starting in January, apparel priced under $15 will see a dramatic decrease in seller fees from 17% to 5%. For clothing items between $15 and $20, the fee is adjusted to 10%. This change marks a significant departure from…
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2024 Amazon MCF Fee Hike: Average Increase of 3.5%
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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2024 Amazon US FBA Fee Adjustments
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 Q, generative AI-powered assistance
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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4 lessons from Cyber Week 2023
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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IRS News: $600 threshold for 2023 is now postponed
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…
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Exciting New Features in WooCommerce 8.3.0
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.