1. As resale competition intensifies, Etsy adds bidding option
Because of the growing interest in vintage items, Etsy is testing a feature called Make an Offer to capitalize on the market. This eBay-like price negotiation feature would allow sellers to suggest a starting price and let potential buyers make offers. Sellers can pick which listings they want to accept bids for and set floor prices. Unlike eBay, there’s no time limit. What’s more, sellers can manually select which offer they want to accept and directly contact the buyer to negotiate further.
2. Wish partners with ShipSage to provide faster order fulfillment for US merchants
On March 23 Wish announced an agreement with e-commerce fulfillment service provider ShipSage to provide merchants with more options and swifter fulfillment when completing orders from Wish shoppers across the United States.
Through the agreement, Wish merchants that sign up for ShipSage’s fulfillment service will gain access to its warehousing facilities and e-commerce fulfillment services through its network of warehouses across the U.S.. Wish merchants utilizing ShipSage’s fulfillment service will have the possibility of bringing their average Time to Door (TTD) in the U.S. down to 2-3 days.
3. Wish will update commission structures to eliminate Item Value Thresholds and Transaction Fee upper limits
Starting May 11, Wish will simplify commission structures, and all orders released to merchants will be subject to these updated commission structures:
4. TikTok owner ByteDance launched a new app, Lemon8, in the US and UK, and is paying creators to post
While many US lawmakers discuss a TikTok ban, another app, owned by the embattled platform’s parent company ByteDance, is making waves. Lemon8 is one of the most downloaded lifestyle apps in Apple’s App Store and has over 5 million downloads in the Google Play store, making it the No. 10 Overall app, across both apps and games.