The European Commission is encouraging European Union (EU) regulators and legislators to do more to mitigate the risks posed by the growing number of low-value imports being sold via online retailers and marketplaces. The Commission said in a Tuesday (Feb. 4) press release that it...
For merchants the world over, the bid to improve eCommerce checkout — boosting sales as a result — is a bit of a tightrope walk. It’s critical to balance the desire to let more transactions through with the risks of doing so. After all, fraudsters...
A proposed customs reform in the European Union would reportedly shift the responsibility of being an importer from individuals who purchase goods online to the online platforms that sell them. This change is included in a draft proposal that is set to be published Wednesday...
The additional tariffs imposed by President Donald Trump on China, Canada and Mexico reportedly include a provision that will eliminate a longstanding rule that allows small packages to enter the U.S. without a paying a tariff. This rule — the “de minimis” exemption that applies...
Auction house Sotheby’s reportedly shut down its Buy Now eCommerce business in mainland China, though it will continue that business in Hong Kong. The Buy Now program was shut down in China in recent months amid a slowdown in demand in that market, the Financial...
The soon-to-be-released recurring payments feature of Brazil’s payment system, Pix, is reportedly expected to draw $30 billion in eCommerce payments alone to Pix in two years. The recurring payments feature, Pix Automático, is expected to launch in June and will allow users to automate the...
Turns out, we can learn a lot of things about people by studying rats. When the scientific world wants to better understand human behavioral psychology, they often run extensive experiments using them. I’m reading an interesting book about urban development and population density called Rat...
When consumers are selecting an online store at which to make a purchase, free shipping is the offering that is most commonly on their checklist. Free shipping is an online shopping feature that 66% of consumers take into account when selecting an online store, according...
Best Buy is preparing to launch a digital marketplace platform that will allow third-party sellers to integrate their products into the retailer’s website and app. The new Best Buy Marketplace will launch this summer, the company said in a Thursday (Jan. 16) announcement. “We’re incredibly...