Walmart has launched Walmart Realm, a 3D e-commerce platform that allows users to shop virtual versions of real-world products in fantastical digital environments. Walmart continues to invest in immersive commerce, aiming to blend traditional e-commerce with innovative virtual experiences. You should check it out; it looks amazing and works incredibly fast with no lag!
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On May 7th, Amazon expanded its global footprint by launching in South Africa, marking its first entry into sub-Saharan Africa. This move increases Amazon’s active markets to 22 worldwide. The launch was significantly delayed, coming over a year later than initially planned, due to shifting priorities within Amazon. Notably, 2023 marked a year without expansion as plans for new marketplaces in Colombia, Chile, and Nigeria were put on hold. Before this, Belgium was the latest addition in October 2022. South Africa, alongside Nigeria, represents one of the largest e-commerce markets in the region.
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Starting October 31, 2023, the default handling time for seller-fulfilled orders will be updated from two days to one day for SKUs that are already handled in one day or less.
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WooCommerce has unveiled its fresh and simplified branding, embracing a change that reflects the platform’s innovative spirit and commitment to user-friendliness
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Starting February 1, 2024, Amazon will introduce changes to the referral fee calculation for Marketplace Facilitator transactions. Previously, Amazon calculated the final price by applying the VAT rate of the destination country, resulting in varying referral fee amounts for cross-border shipments. With the new update, the referral fee amount will be consistent, regardless of the destination country. For instance, a listing on Amazon.de with a price of €119 will attract a referral fee of €11.90, irrespective of whether the product is shipped to Germany, Portugal, or Luxembourg, despite the different VAT rates in these countries.
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Amazon has unveiled its new Small Business Search filter, a feature designed to help customers easily find and purchase products from small-business brands and artisans on the platform. Eligible products will now appear under the ‘Business type’ category in search filter options, provided they meet the criteria for the Small Business badge.
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Amazon orders that are seller-fulfilled and shipped late, but are delivered on time with a valid tracking ID, are now excluded from the late shipment rate calculation!
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Walmart Marketplace has introduced changes to the Pro Seller Badge criteria. Please refer to this guide for step-by-step instructions to improve your chances of earning or retaining the Pro Seller Status. Remember to meet the new requirements by September 5th to qualify.
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In the dynamic world of eCommerce, businesses require financial solutions that are as agile and adaptable as they are. This is where Onramp Funds comes into play, a company that’s redefining how eCommerce businesses access and manage capital.
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