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 tax! eBay is asking for your help to push Congress for a change.
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I have been using ChatGPT for some time and decided to create a simple Walmart Seller Assistant GPT, which I fed with data from our own internal knowledge base about Walmart, as well as knowledge from the official Walmart Help website. ChatGPT just opened its official GPT store to the public, so I am excited to share this GPT with the community. Please note that this GPT is very much a work in progress, more like my weekend project, but I personally found it very helpful in troubleshooting issues or looking for answers about selling on Walmart, and I hope it will be helpful to other sellers. Please feel free to share your feedback. This is a non-commercial, free-to-use GPT. Remember that this GPT uses ChatGPT’s AI capacity and the data and instructions I provided, but it should not be 100% trusted, and any important information should still be consulted with our support, Walmart support, and official Walmart documentation.
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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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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 integrations.
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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 aligns with what consumers want, potentially reshaping retail logistics in the year ahead.
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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 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 Amazon’s previous increase in seller fees for clothing, which went up to 17% from 15% back in April 2018. Business analysts speculate that this fee reduction is Amazon’s strategy to better compete with low-cost fashion retailers like Shein.
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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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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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