Europe

Online retailers in Europe need to offer all kinds of payment methods if they want to reach as many customers as possible. Every country has its own preferences. Let's have a look at the preferred payment methods in Europe in 2021.

SellerX, a Germany-based company that buys and builds Amazon brands, has raised 100 million euros in primary equity funding. It's the largest amount of money in a funding round by a European Amazon FBA aggregator.

A.P. Moller - Maersk, a major container logistics company from Denmark, has announced its intention to acquire B2C Europe, a Dutch logistics company that's specialized in B2C parcel services in Europe.

Amazon has introduced two new Fulfillment by Amazon programs in Europe to give more products a second life. With FBA Liquidations and FBA Grade and Resell, Amazon enables sellers to recoup potential losses on returned and overstock inventory.

Customer engagement platform MoEngage has raised 32.5 million dollars (27.34 million euros) in a funding round led by India-dedicated private equity firm Multiples. With the money, MoEngage wants to invest more in the UK and the DACH region. "We want to go to the next stage of our growth plans in Europe."

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.

Amazon is said to accept Bitcoin payments by the end of the year. Ethereum, Cardano and Bitcoin Cash will be next in line. And then Amazon will release its own native token, an insider says.

Ecommerce in Europe is set to cross a major milestone in 2021, as the number of ecommerce users will probably pass 500 million. The penetration rate is also projected to reach almost 60 percent.

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.

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.