Category: News
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Changes happening with the “de minimis thresholds” rule
The U.S. Customs and Border Protection (CBP) is intensifying efforts to crack down on small package imports, which is a key issue for many marketplaces like Amazon, Walmart,eBay, and Etsy. CBP has suspended some brokers for non-compliance as part of these efforts to enhance enforcement. This enforcement might suggest that the government will take even…
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British retail sales to the EU have plummeted since Brexit
Post-Brexit, UK retail sales to the EU have dropped by £6bn, with non-food retail exports falling 18% since 2019. Despite booming European e-commerce, UK brands face increased logistics costs and trade barriers.
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FTC Bans Noncompete Agreements
On April 23, 2024, the FTC issued a new rule banning noncompete agreements nationwide to boost competition, allowing workers more freedom to change jobs or start new businesses.
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How the ‘De Minimis Loophole’ Revolutionized Global E-Commerce
Did you know the ‘de minimis loophole’ is an almost 100-year-old rule initially meant for travelers bringing home small souvenirs? While it’s a global rule, it has notably boosted Chinese e-commerce, allowing a flood of inexpensive products to enter the U.S. with minimal customs scrutiny.
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eBay needs your help to tell Congress that 1099-K Needs a Permanent Fix
Remember the IRS’s pause on the new $600 threshold for #1099K tax forms? Well, it’s just a band-aid. We’re at risk of reverting to a policy that could burden American online sellers without a permanent fix. Imagine getting tax forms for selling a few old garage items – yes, even if you don’t owe any…
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New Email Sending Standards for Gmail and Yahoo: A Guide for Online Sellers
Recently, Gmail and Yahoo have introduced new requirements for email senders, which will come into effect in February 2024. These changes are set to significantly impact online sellers, especially those who manage their own websites and regularly communicate with buyers via email.
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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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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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Daniel’s Notes (Nov 10, 2023)
Here are my latest weekly notes, focusing on eCommerce marketplaces: #Walmart #Amazon #Tiktok #Grok #Openai