Author: Daniel Sodkiewicz

PayPal reports a promising outlook for cross-border eCommerce

Paypal has released the Borderless Commerce Report 2022, which looks at the trends for international eCommerce. PayPal reports that 57% of shoppers already buy internationally and 42% feel more confident with cross-border shopping now than they did the year before. This report comes at a very good time, as many international marketplaces (Walmart Canada, Walmart Mexico, MercadoLibre, just to name a few) are opening their websites to US sellers.

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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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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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Back-to-school trends, 2000s style is back

Many students across the U.S. will return to the classroom in person this fall. With a new (in-real-life) school year fast approaching, students and their families are already on the lookout for new gear. Google Shopping team published a post pointing out that searches for “back to school supplies” increased by 80% in the last month versus the same period last year, while searches for “back to school deals” grew 40%.

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