Amazon has been hit with a fine from the European Union. They will need to pay 746 million euros for processing personal data that's in violation of the General Data Protection Regulation (GDPR). The tech giant is already planning to appeal against the decision.
Live shopping in Europe is becoming more and more popular. This trend started in China and the rest of Southeast Asia, but now consumers in Europe are increasingly watching live shopping events to get inspired to buy some clothes and other fashion items.
New VAT ecommerce rules have come into force on the 1st of July. Now, all imported goods – also the ones worth less than 22 euros - are taxed with VAT. For dropshipping ecommerce companies things could get more costly, but not for retailers using dropshipping platforms that work with stock based in Europe like BigBuy. Ecommerce News Europe spoke with CEO Salvador Esteve.
Large marketplace sellers play an essential part on online platforms. They contributed 88 percent of marketplaces' Gross Merchandise Value during the first quarter of this year. But small and medium-sized sellers are on the rise: they doubled their contribution in that same period and even tripled in the past year.
A majority of consumers in Europe want to be inspired when browsing ecommerce websites online. But according to many shoppers, many online stores aren't that inspirational. And that lack of inspiration is a barrier against using them.
Shopify has revealed its new Payments Platform. It's a way to integrate third-party payment gateways into Shopify Checkout, so merchants can add them as payment options for their customers. The payment gateways can be created as Shopify apps.
by Ecommerce News.
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BigBuy has expanded its dropshipping catalogue with a new product category. Online retailers can now also sell foods and drinks online through the dropshipping platform of BigBuy, giving them the opportunity to start their own online supermarket.
Liberis has been selected by Klarna to provide revenue-based finance to ecommerce companies across 17 countries in Europe and beyond. Liberis has already financed over 17,000 small and medium-sized enterprises with over 575 million euros.
Website builder Wix has acquired dropshipping platform Modalyst. With this acquisition, Wix wants to offer its own ecommerce supplier marketplace as well as an integrated dropshipping platform for white-label product fulfillment.
Three in four European consumers (74 percent) say they will stick to their pandemic online shopping levels, meaning they won't reduce their ecommerce activities now they can shop offline again. So it looks like the shift to ecommerce is here to stay.
Klarna has announced the launch of its new Comparison Shopping Service. This service offers retailers across Europe an increased customer reach. Klarna has also launched a comparison shopping page that offers brands the opportunity to reach browsing consumers with their products.
Wish has announced a two-year partnership with ecommerce software provider PrestaShop. Merchants using this software will be able to quickly sell to consumers on the Wish marketplace. A integration module on the PrestaShop platform syncs their products and orders between PrestaShop and Wish.
Payment and banking service provider FinXP has launched Real Time Payments by FinXP (RTPF). This is an account-to-account payment method that is targeted at online merchants. The Malta-based electronic money institution says its transaction fees are lower than many other popular alternative payment methods.