UPS has declared a 5.9% rate increase effective December 26, 2023, shortly after FedEx announced a similar average raise starting January 1, 2024. UPS’s decision, part of its commitment to “support ongoing expansion and maintain high service levels,” will also see adjustments to its “demand surcharges,” notably nearly doubling the “Additional Handling” surcharge during the holiday season.
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If you print labels from the eBay interface, you’ll know that USPS labels are charged at the time of printing. Starting this month (September 2023), UPS and FedEx labels will also be charged at the time of printing.
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In the latest Marketplace Newsletter, Walmart highlights the importance of genuine and transparent product reviews. Sellers are urged to get familiar with the policy, especially about incentivized reviews and those submitted by company employees. Not following these guidelines might lead to suspension or termination.
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Following the success of Walmart Fulfillment Services (WFS) in the US, Walmart has expanded it to its Canadian sellers. Launched as a pilot in February 2023, it’s now open to everyone. In this post, we’ll discuss its benefits, requirements, and application process.
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In a significant move for e-commerce, Shopify and Amazon have unveiled the ‘Buy with Prime’ app. This feature allows Amazon sellers to market their products on personal websites while still granting customers the beloved Amazon Prime perks, including quick shipping and hassle-free returns.
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During the recently concluded Seller Summit, Walmart unveiled its ambitious plans to expand its Marketplace to Chile. This strategic move aims to offer cross-border sellers an avenue to reach a fresh market and is a testament to Walmart’s continuous drive for global expansion and outreach.
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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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Navigating the realm of inventory management just got a whole lot easier. Introducing GeekSeller’s Advanced Low Stock Alerts – our latest addition designed to keep you on top of your stock game.
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Visa and Mastercard are set to raise the interchange fees on credit card transactions. As reported by the Wall Street Journal, these hikes, particularly affecting online purchases, are scheduled to commence in October and April.
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