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2024 FedEx Rate Changes

FedEx has announced that it will increase its shipping rates by 5.9% for 2024, effective January 1, 2024. This rate hike will impact sellers, especially on platforms like eBay and Etsy, as they will have to pay increased costs for 2023 holiday returns and might also see commissions rise due to increased shipping fees. Notably, this rate increase is slightly less than in previous years, where the annual increases were around 6.9%.

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Switch to TikTok Shop: Storefront Ends Sept 12, 2023

Big news for TikTok sellers! Starting September 12, 2023, TikTok’s old ‘Storefront’ will be gone, replaced by the sleeker ‘TikTok Shop’. This new feature offers easy in-app shopping with cool tools like shoppable videos. If you’re selling on TikTok, act fast! Register for TikTok Shop, and manually move your products over from Storefront. Don’t wait – the deadline’s approaching!

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SFP Program Update: Amazon Introduces 2% Fee; New Enrollment Begins October 1, 2023

Amazon has revealed a change to its Seller Fulfilled Prime (SFP) program, introducing a 2% fulfillment fee for members (before, participation in the program was free). The tech giant cites the need to offset the costs of developing and managing the SFP program as the reason behind this fee implementation. In addition to the new fee, Amazon has announced that it will reopen new seller enrollment for the SFP program in the US on October 1, 2023.

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